Larry Fink proposes that BlackRock diversify into private market assets, utilizing Apollo Global Management and Goldman Sachs as custodians for the fund.
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Updated Jun 29
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What happened
Larry Fink proposes that BlackRock diversify into private market assets, utilizing Apollo Global Management and Goldman Sachs as custodians for the fund.
Who's involved
What this event is mainly aboutKeep exploring
Part of
On July 16, 2025, Larry Fink announced a major strategic shift for BlackRock beyond public markets. The company's share price dropped in New York, near Manhattan, as analysts like Kyle Sanders (Edward Jones) and Bill Katz (TD Cowen) commented on the firm's reliance on technology via Aladdin for its All 1 developmentsThe entities involved
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Larry Fink
American Billionaire Business Person and Board Member, Chairman and CEO of BlackRock
Nothing else this week.
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BlackRock
American multinational investment management corporation
Related events
- Larry Fink is the chief of BlackRock, and Tom Lee is analyzing the tokenization potential of assets.
- BlackRock is currently an institutional investor for the World Bank, while Larry Fink has called for the development of new asset classes to attract larger funds.
- Larry Fink (BlackRock) and Bruce Flatt (Brookfield Corporation) met to discuss investment strategies.
- Larry Fink's background is detailed, including his birthplace in Van Nuys, his start at First Boston, and BlackRock's major positions in Israeli companies.
- Fund strategy utilizes BlackRock funds involving STK.
Coverage
Newest first; wire copies grouped- Unknown outlet