Welcome to our dedicated page for Blackrock news (Ticker: BLK), a resource for investors and traders seeking the latest updates and insights on Blackrock stock.
BlackRock, Inc. (NYSE: BLK) is a global asset manager and financial technology provider in the finance and insurance sector, with an industry classification in investment banking and securities dealing. This news page aggregates company announcements, earnings updates, product launches, and corporate developments drawn from BlackRock’s own communications and regulatory disclosures.
Readers can find earnings-related news, such as quarterly and annual results that BlackRock reports through press releases and accompanying investor conference calls and webcasts. These updates are often referenced in Form 8-K filings, which note when results are released and when management will discuss performance with analysts and investors.
The page also highlights product and platform news from BlackRock’s iShares ETF business and broader investment platform. Recent examples include the launch of the iShares Total USD Fixed Income Market ETF (BTOT), which seeks to track the Bloomberg US Total Fixed Income Market Index, the iShares Systematic Alternatives Active ETF (IALT), a multi-strategy liquid alternatives fund, and the iShares Nasdaq Premium Income Active ETF (BALQ), which focuses on income from equity holdings and option premiums tied to the Nasdaq 100 Index.
In addition, visitors can follow strategic and technology-focused announcements, such as BlackRock’s acquisition of HPS Investment Partners, described as a leading global credit investment manager, and its acquisition of Preqin, a provider of private markets data that is now part of BlackRock. News about partnerships, like the collaboration between BlackRock’s Aladdin platform and AccessFintech’s Synergy Network, provides insight into how the firm is integrating technology and data to support investment and post-trade workflows.
By reviewing this news feed, investors and observers can track how BlackRock communicates its financial performance, expands its ETF and liquid alternatives line-up, develops its technology platforms, and executes corporate transactions that shape its role in global asset management and financial technology.
BlackRock's 13th annual Global Insurance Report reveals that 91% of insurers plan to increase investments in private assets over the next two years. The survey, covering 410 insurance investors across 32 markets, highlights key trends for 2024:
1. Increased focus on private markets, with 96% of APAC and North American insurers planning to boost allocations.
2. Clean energy infrastructure investments targeted by 60% of insurers for low-carbon transition objectives.
3. Emphasis on technology for private asset modeling (53%) and regulatory capital integration (51%).
Despite concerns about regulatory developments (68%) and geopolitical tensions (61%), 74% of insurers have no plans to change their current risk profiles. In public markets, 42% plan to increase allocations to government and agency bonds, while in private markets, there's growing interest in various forms of private debt.
BlackRock, Inc. (NYSE: BLK) has released its financial results for the third quarter of 2024. The company's earnings release and supplemental materials are available on their investor relations website. A teleconference call for investors and analysts will be hosted by Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small at 7:30 a.m. ET.
Interested participants can dial in from the United States at (786) 460-7166 or from outside the US at (888) 600-4862, referencing the BlackRock Conference Call (ID Number 3678546). A live, listen-only webcast will also be available on BlackRock's website. The webcast replay will be accessible by 10:30 a.m. ET on Friday, October 11, 2024, through the investor relations section of BlackRock's website.
BlackRock (NYSE: BLK) has successfully completed its acquisition of Global Infrastructure Partners (GIP), creating an industry leader in infrastructure across equity, debt, and solutions. The combined platform, branded as Global Infrastructure Partners (GIP), a part of BlackRock, will manage approximately $170 billion in AUM with a 600-person global team overseeing more than 300 active investments in over 100 countries.
This acquisition consolidates over $100 billion of private markets AUM and approximately $750 million of run rate management fees for BlackRock, boosting its private markets AUM by about 40%. GIP will continue to be led by Bayo Ogunlesi and the Office of the Chairman. BlackRock plans to appoint Ogunlesi to its Board of Directors at the next regularly scheduled meeting.
BlackRock (NYSE: BLK) has announced it will report its third quarter 2024 earnings before the New York Stock Exchange opens on Friday, October 11, 2024. The company will host a teleconference call for investors and analysts at 7:30 a.m. ET on the same day.
Key executives, including Chairman and CEO Laurence D. Fink, President Robert S. Kapito, and CFO Martin S. Small, will lead the call. The earnings release and supplemental materials will be available on BlackRock's investor relations website before the call.
Interested participants can dial (786) 460-7166 from the US or (888) 600-4862 from outside the US, referencing the BlackRock Conference Call (ID Number 3678546). A live webcast will also be available, with a replay accessible by 10:30 a.m. ET on the same day.
BlackRock (NYSE: BLK) and Santander have signed a memorandum of understanding (MoU) to expand their partnership in private asset financing. Under this agreement, funds and accounts managed by BlackRock will invest up to $1 billion per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats.
This expansion follows an initial transaction where BlackRock-managed funds agreed to provide financing on a $600 million diversified portfolio of infrastructure credit from Santander. The partnership aims to provide long-term, flexible capital to support Santander's project finance growth while offering BlackRock clients access to attractive, differentiated investment opportunities.
BlackRock's private debt franchise, valued at $86 billion, offers flexible financing solutions to global financial institutions and corporate relationships. The firm has established a leading position in the infrastructure debt market, focusing on sourcing, structuring, and managing client assets with income generation potential.
KBRA has assigned BBB- issuer and senior unsecured debt ratings to BlackRock Private Credit Fund (BDEBT) with a Stable outlook. The ratings are supported by BDEBT's connection to BlackRock, Inc.'s (NYSE: BLK) $86 billion credit platform, including $35 billion dedicated to private middle market direct lending. Key strengths include BLK's $10.6 trillion AUM, BDEBT's investment portfolio of senior secured first lien loans, low non-accruals, and solid asset coverage at 307%.
As of June 30, 2024, BDEBT had $167 million in available credit lines and $7.8 million in cash. The company maintains a quarterly share repurchase program for up to 5% of outstanding common stock. Challenges include a fully secured funding profile, short operating history, and uncertain economic conditions.
KBRA has assigned BlackRock TCP Capital Corp. (NASDAQ: TCPC) an issuer and senior unsecured debt rating of BBB- with a Stable outlook. The rating is supported by TCPC's connection to BlackRock's $86 billion credit platform and its diversified $2.0 billion investment portfolio across 158 companies in 23+ sectors. Key strengths include:
- 80.6% of investments in senior secured first lien loans
- Solid access to capital markets
- Diversified funding mix
- Low secured debt to gross assets ratio of 8.6%
- Strong liquidity of $779.8 million
However, challenges include high non-accruals at 10.5% (cost) and 4.9% (fair value) as of June 30, 2024, though expected to decrease in Q3. TCPC's gross leverage of 1.35x is higher than peers, but net leverage of 1.13x falls within the target range of 0.90x-1.20x.
Vestmark has announced a commercial partnership with BlackRock (NYSE: BLK) to enhance custom model portfolio solutions for registered investment advisors (RIAs). This collaboration combines Vestmark VAST's tax management capabilities with BlackRock's custom model portfolio construction expertise, offering personalized investment solutions at scale.
Key aspects of the partnership include:
- BlackRock will offer standard and RIA custom model portfolios through Vestmark's Manager Marketplace
- Vestmark's Unified Managed Account (UMA) platform integrates various investment strategies within a single custodian account
- Advisors will gain access to Vestmark VAST®, providing personalization and tax management at scale
- The collaboration aims to expand choice for RIAs seeking portfolio design solutions
Vestmark supports six of the ten largest managed account platforms, with $1.5 trillion in assets flowing through its platform and over 65,000 advisors having access to its model marketplace.
BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have launched the Global AI Infrastructure Investment Partnership (GAIIP) to invest in data centers and supporting power infrastructure. The partnership aims to unlock $30 billion in private equity capital, potentially mobilizing up to $100 billion in total investment. GAIIP will focus on expanding AI infrastructure, primarily in the United States, to fuel innovation and economic growth.
Key aspects of the partnership include:
- Investment in new and expanded data centers to meet growing demand for computing power
- Development of energy infrastructure to power these facilities
- Support for an open architecture and broad ecosystem
- Collaboration with NVIDIA for expertise in AI data centers
- Engagement with industry leaders to enhance AI supply chains and energy sourcing
BlackRock's 2024 Read on Retirement®: Advisor Outlook reveals retirement plan advisors are focusing on active and income strategies amid changing market conditions. 81% of advisors are discussing retirement income with clients, and 82% either recommend or are likely to recommend a retirement income solution in the next year.
55% of advisors believe active managers can consistently outperform the market, citing access to more investments, loss protection, and sector choices as key benefits. The survey also highlights a sharp increase in AI adoption, with 53% of advisors likely to use AI-powered tools in the next 12 months, up from 9% currently.
Advisors view client servicing and participant education as important for growth, with 55% differentiating their practice through expertise in meeting participants' needs. However, only 48% currently offer financial wellness plans, indicating room for improvement in education programs.