BlackRock unwound its partnership with an Abu Dhabi state fund, while Arch Capital Group remains a key investor in BlackRock's private funds.
3 reports, 2 independent
Updated Aug 25
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What happened
BlackRock unwound its partnership with an Abu Dhabi state fund, while Arch Capital Group remains a key investor in BlackRock's private funds.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.BlackRock ends partnership with Abu Dhabi state fund; Arch Capital Group is a key investor.1 source
Arch Capital Group is attempting to exit BlackRock funds following disappointing performance.1 source
Arch Capital Group's exit signals institutional questioning of BlackRock's private markets.1 source
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The entities involved
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Abu Dhabi
capital city of the United Arab Emirates
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BlackRock
American multinational investment management corporation
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Arch Capital Group
Bermuda public limited liability company
Nothing else this week.
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Coverage
Newest first; wire copies grouped- BloombergBlackRock Paused Fundraising for Latest Asia Private Credit Fund (Bloomberg) -- BlackRock Inc. paused fundraising earlier this year for its latest Asian private credit strategy amid its merger with H
- BloombergBlackRock Private Funds Face Attempted Exit by Key Investor Arch (Bloomberg) -- A key investor in BlackRock Inc.’s private funds is looking to cut its stakes following disappointing performance and s
- GuruFocus.com$350M Investor Exit Sends Shockwaves Through BlackRock's Private Fund Empire One of BlackRock's (NYSE:BLK) key institutional backers is tapping out. Arch Capital Group, a Bermuda-based insurance heav