BlackRock set a record for net inflows in 2024, with more than $600 billion.

BlackRock made $25 billion of investments to strengthen its position in private markets, acquiring investment fund Global Infrastructure Partners and private credit-focused HPS In

“Our record results in 2024 are just the beginning of our next phase of growth,” Fink concluded, with pending acquisitions - including that of global credit manager HPS Investment Partners - marking BlackRock’s continued success in investing in structural growth trends and drivers.

BlackRock Inc. is elevating several senior executives to expand its business in the Americas and with key institutional clients, following the announced departure of Mark Wiedman, once seen as a potential successor to Chief Executive Officer Larry Fink.

Asset manager BlackRock's senior executive Mark Wiedman, who was touted to be a potential successor to CEO Larry Fink, is departing the firm, said two sources familiar with the matter.