01.15.25

BlackRock Assets Hit Record $11.6 Trillion in Fourth Quarter

by: Davide Barbuscia

BlackRock's hit a record high $11.6 trillion in the fourth quarter of last year as the asset manager posted a 21% profit increase, with fee income bolstered by stronger equity markets. Assets managed by the firm increased to $11.55 trillion from $10.01 trillion a year earlier and $11.48 trillion in the third quarter. The quarterly results complete a banner year for the asset manager, which has sought to strengthen its position in rapidly growing private markets, spending about $25 billion last year on infrastructure investment fund Global Infrastructure Partners and private credit business HPS Investment Partners.

Read the full article on Reuters