BlackRock, Inc. reports developments from a global asset management and financial technology business built around investment products, institutional client services and technology platforms. Recurring updates include operating results, net flows across ETFs, active strategies and private markets, and product launches under the iShares brand, including fixed income ETFs tied to leveraged loans and other credit markets.
Company news also covers Aladdin and Preqin data, analytics and benchmark capabilities for private credit, infrastructure-focused activity through Global Infrastructure Partners, and philanthropic workforce initiatives funded by The BlackRock Foundation. These releases connect BlackRock's asset management platform with technology services, private markets data, infrastructure investment themes and skilled-trades workforce programs.
BlackRock announced product enhancements to two iShares ETFs, effective around June 21, 2021. The iShares Nasdaq Biotechnology ETF (IBB) will transition to track the ICE Biotechnology Index and will be renamed as iShares Biotechnology ETF. Similarly, the iShares PHLX Semiconductor ETF (SOXX) will now track the ICE Semiconductor Index and change its name to iShares Semiconductor ETF. Investors in these ETFs need not take any action, and no capital gains distributions are expected from this transition.
BlackRock, Inc. (NYSE: BLK) announced its financial results for Q1 2021, emphasizing its commitment to enhancing financial well-being for individuals. The earnings report and supplemental materials can be accessed via their investor relations website. A teleconference hosted by CEO Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will take place on April 15, 2021, at 8:30 a.m. ET for investors and analysts. This session will also be available for replay until April 29, 2021. For more information about BlackRock, visit their corporate website.
BlackRock (NYSE:BLK) and Temasek have formed a partnership named Decarbonization Partners to create venture capital and private equity funds aimed at decarbonization solutions. The initial combined capital commitment is US$600 million, with a total fundraising target of US$1 billion for the first fund. This initiative focuses on technologies that reduce carbon emissions and aims to support a net zero economy by 2050. Both firms emphasize the importance of scalable decarbonization technologies and view this partnership as a historic investment opportunity in climate solutions.
BlackRock has launched two active sustainable ETFs, the U.S. Carbon Transition Readiness ETF (LCTU) and the World ex U.S. Carbon Transition Readiness ETF (LCTD), raising over $1.5 billion combined. LCTU became the largest ETF launch ever with $1.2 billion, while LCTD secured approximately $500 million. These funds aim to invest in companies poised for success in a low-carbon economy, utilizing advanced analytics for decision-making. The launch underscores growing institutional interest in climate-aware investment strategies.
BlackRock Real Assets has achieved a final close of US$4.8 billion for the Global Renewable Power Fund III (GRP III), attracting commitments from over 100 institutional investors globally. This fund targets investments in renewable power generation and climate infrastructure across the Americas, Europe, and Asia, aiming for risk-adjusted returns with positive environmental impacts. Three initial investments have been made in onshore wind and solar projects, contributing to regional net zero goals. BlackRock emphasizes integrating sustainability for resilient portfolios.
BlackRock, Inc. (NYSE: BLK) will announce its first quarter 2021 earnings before the NYSE opens on April 15, 2021. CEO Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will lead a teleconference for investors at 8:30 a.m. ET. Interested participants can join the call by dialing US (800) 374-0176 or international (706) 679-8281. The earnings release and additional materials will be available on www.blackrock.com before the call. A replay of the teleconference will be accessible from 11:30 a.m. ET on April 15 until midnight on April 29, 2021.
BlackRock Private Equity Partners has closed over USD$3 billion in capital commitments for its inaugural Secondaries & Liquidity Solutions strategy. This includes USD$2.4 billion for its Secondaries & Liquidity Solutions Fund, surpassing the USD$1.5 billion target. This is the largest fundraising for a debut private equity secondaries strategy globally. Over 70 institutional investors participated, demonstrating confidence in BlackRock’s strategy amidst growing demands for liquidity in private markets.
BlackRock (NYSE: BLK) appoints Paul Bodnar as Global Head of Sustainable Investing, overseeing sustainable research, analytics, and product development. He previously led initiatives at the Rocky Mountain Institute to support net-zero transitions. Bodnar’s extensive background includes roles in the U.S. government, notably at the National Security Council, where he influenced major climate policies. BlackRock is committed to helping clients achieve net-zero investment goals and will publish temperature alignment of its assets by year-end as part of its sustainability strategy.
BlackRock (NYSE: BLK) will host its 2021 Investor Day virtually on June 10, 2021, from 8:00 AM to 12:00 PM EDT. The event will be accessible via video webcast, and presentation materials will be available through www.blackrock.com. A replay will be offered for those unable to attend live. For inquiries regarding the event, contact BlackRock's Investor Relations at invrel@blackrock.com.
BlackRock aims to enhance financial well-being and simplify investing for millions.
BlackRock, Inc. (NYSE: BLK) has nominated Hans E. Vestberg, CEO of Verizon, to join its Board of Directors, pending shareholder approval during the Annual Meeting on May 26. Vestberg's extensive leadership and expertise in technology align with BlackRock’s strategic priorities, particularly in sustainability and market expansion in Europe. Current board member Mathis Cabiallavetta will not seek re-election. Among the 16 nominated candidates, 14 are independent, with a diverse representation that includes five women and six non-U.S. citizens.