BlackRock eyes $400bn fundraising target in private markets by 2030

Private market popularity grows

Investment management behemoth BlackRock has set a private market fundraising target of $400bn by 2030 as the asset manager aims to cash in on the gains on major competitors.

In an investor presentation, BlackRock revealed that its goal of $400bn of cumulative fundraising in private markets will be enabled by six key themes.  Investors to 'substantially increase' private markets exposure These included: extending private markets to wealth; a scaled, flexible capital base; differentiated origination; diversified, multi-asset platform; strong corporate and asset owner relationships and deeper insurance capabilities.  The move comes as the firm and its CEO Larry Fink look to compete with other alternative asset management giants in the private equity and d...