Blackrock Stock Price, News & Analysis

BlackRock (NYSE: BLK) has successfully completed its acquisition of HPS Investment Partners (HPS), creating a powerful integrated platform in private credit markets. The company is establishing a new division called Private Financing Solutions (PFS), which will combine their private credit, GP and LP solutions, and private and liquid CLO businesses.

The combined PFS platform will manage $190 billion in client assets and will operate alongside BlackRock's $3 trillion public fixed income franchise. The HPS business will maintain its branding and will be known as "HPS, a part of BlackRock." The integrated platform will be led by Scott Kapnick, Scot French, and Michael Patterson, with Kapnick serving as an observer to the BlackRock Board of Directors.

This strategic acquisition positions BlackRock to better serve clients as private credit continues to reshape financial markets, particularly in matching long-dated capital with long-term investors such as insurance companies, pensions, sovereign wealth funds, and wealth managers.

BlackRock (NYSE:BLK) has launched the iShares Global Government Bond USD Hedged Active ETF (NYSE: GGOV), marking the industry's first hedged government bond active ETF. The fund offers investors a globally diversified portfolio of government bonds with USD hedging, managed by BlackRock's Global Tactical Asset Allocation team.

The ETF aims to provide higher yields with lower volatility compared to US-only bond indices through global sovereign issuer diversification. GGOV leverages the team's macroeconomic expertise managing $50B in global assets and joins BlackRock's $52 billion US active ETF platform and $1 trillion global bond ETF franchise.

BlackRock (NYSE:BLK) has been selected by Great Gray Trust Company to provide a custom glidepath for their new target date retirement solution that includes both public and private market allocations. The solution will incorporate BlackRock's index equity, index fixed income, and private equity offerings.

According to BlackRock's research, incorporating purpose-built private market solutions into target date funds can add 50 basis points in annual portfolio returns, potentially resulting in 15% more retirement savings over 40 years. Great Gray manages over $210 billion in assets, while BlackRock manages approximately $1.7 trillion in DC assets, including over $500 billion in their LifePath® franchise.

BlackRock envisions the portfolio of the future comprising 50% public equities, 30% public fixed income, and 20% private markets. Wilshire Advisors LLC will oversee the strategy's implementation and liquidity management.

BlackRock (NYSE:BLK) has launched the iShares Texas Equity ETF (NASDAQ:TEXN), providing investors exposure to Texas-headquartered companies. The ETF tracks nearly 200 companies in Texas, which ranks as the world's eighth-largest economy with a GDP of $2.7 trillion.

Texas demonstrated strong economic performance in 2024, with GDP growth of 3.5% in Q4, surpassing the national average of 2.4%. The state hosts 1 in 10 U.S. public companies and has attracted over 300 corporate headquarters since 2015. The TEXN ETF comes with an expense ratio of 0.20% and joins BlackRock's portfolio of over 60 geography-based funds managing over $100 billion in assets.

BlackRock's 2025 Global Family Office Survey reveals a significant shift in investment strategies amid geopolitical uncertainties. The survey shows 84% of family offices consider geopolitical uncertainty their primary concern, with 60% expressing pessimism about the global outlook. Alternative assets now comprise 42% of family office portfolios, up from 39% previously. The study highlights increased focus on risk management, with 68% of offices prioritizing diversification. Notable trends include growing interest in private credit (32% plan to increase allocation) and infrastructure (30% plan to increase). Family offices are also embracing external partnerships to address expertise gaps, with 75% noting needs in private-market analytics. While showing interest in AI, most family offices prefer investing in AI companies (45%) rather than implementing AI internally (33%).

Kuwait Investment Authority (KIA) has joined the AI Infrastructure Partnership (AIP) alongside MGX, BlackRock, GIP, and Microsoft. The partnership, established in September 2024, aims to mobilize $30 billion in equity capital, with potential to reach $100 billion including debt financing. KIA becomes the first non-founder financial anchor investor, joining existing technology partners NVIDIA, xAI, and Cisco. The partnership has already established agreements with GE Vernova and NextEra Energy to accelerate energy solutions for AI data centers. This strategic expansion reinforces AIP's global reach and commitment to developing next-generation AI infrastructure.

BlackRock (BLK) has launched the iShares Defense Industrials Active ETF (IDEF), an actively managed thematic ETF focused on defense and security companies. The fund aims to capitalize on the surge in global defense investment, which reached $2.7 trillion in 2024, marking a 9.4% year-over-year increase.

Managed by BlackRock's Multi-Asset Strategies & Solutions Group, IDEF employs a combination of macro research, proprietary analytics, and alternative data to build a portfolio targeting companies across cybersecurity, advanced technologies, aerospace, and strategic manufacturing. The ETF joins BlackRock's $45 billion active ETF platform and complements existing offerings like the iShares U.S. Aerospace & Defense ETF (ITA) and iShares Cybersecurity and Tech ETF (IHAK).

BlackRock has announced the final results of tender offers for two of its closed-end funds: BlackRock Enhanced Global Dividend Trust (BOE) and BlackRock Resources & Commodities Strategy Trust (BCX). Each fund offered to purchase up to 2.5% of its outstanding common shares. The tender offers, which expired on May 19, 2025, were oversubscribed for both funds.

For BOE, 12,288,978 shares were tendered, with 1,425,644 shares to be purchased at $11.8776 per share (98% of NAV) with a pro-ration factor of 0.11614930. For BCX, 14,138,859 shares were tendered, with 1,954,822 shares to be purchased at $9.7314 per share with a pro-ration factor of 0.13831200. Payments are expected within five business days after the expiration date.