BlackRock Is Out to Unite Public and Private Markets

What You Need To Know

• About two years ago, CEO Larry Fink and his lieutenants decided that BlackRock corporate strategy had to change.
• BlackRock plunked down almost $30 billion over three acquisitions last year — the biggest deal spree in the history of “alternative” asset management.
• Private markets have always offered lavish rewards. So why is BlackRock buying now? A shift in private markets.