While the purchase is tiny compared to the $11.6 trillion in assets that BlackRock oversees, it furthers CEO Larry Fink’s push into private markets over the past two years in search of heftier fees.

BlackRock Media Relations Patrick Scanlan 212-810-3622 patrick.scanlan@blackrock.com HPS Investment Partners Mike Geller / Josh Clarkson 646-818-9018 / 646-818-9259 mgeller@prosek.com / jclarkson ...

HPS, for instance, was enjoying a stunning 50% profit margin on fees on the private assets it was managing when it cut its deal with BlackRock. Meanwhile, fierce competition keeps pushing the fees ...

BlackRock (BLK) pushed deeper into private markets Monday with another acquisition. The world's largest asset manager said in a release that it struck an agreement to buy commercial real estate ...

This summary is reviewed by TRD Staff. BlackRock is acquiring ElmTree Funds, a St. Louis-based net-lease real estate investment firm managing $7.3 billion in assets. The acquisition will integrate ...

The deal to buy ElmTree Funds, which has $7.3 billion in assets under management, will boost New York-based BlackRock’s move into the private credit market, or financing made by non-bank lenders ...

BlackRock outlines path to 30% revenue from private markets and technology by 2030 as HPS acquisition closes Jul. 15, 2025 12:44 PM ET BlackRock, Inc. (BLK) Stock, BLK:CA Stock AI-Generated ...

NEW YORK--(BUSINESS WIRE)-- BlackRock, Inc. (BLK) and HPS Investment Partners (HPS) today announced the successful completion of BlackRock’s acquisition of HPS. Private credit is reshaping ...

(Bloomberg) --BlackRock Inc. agreed to buy real estate firm ElmTree Funds, which leases built-to-suit commercial properties to single-tenant renters, adding an investor with $7.3 billion in total ...