BlackRock Health Sciences Stock Price, News & Analysis

BlackRock (NYSE:BLK) has released its 2025 Private Markets Outlook, projecting sector growth from $13 trillion today to over $20 trillion by 2030. The report highlights key trends across private debt, infrastructure, private equity, and real estate.

Private debt, currently at $1.6 trillion AUM, represents 10% of alternative investments, with significant growth potential in asset-backed finance. Infrastructure investments are expected to benefit from AI developments, with data center capex projected to exceed $1.5 trillion by 2030. Private equity saw a 21% jump in deal activity, exceeding pre-pandemic averages by 45%. Real estate is entering a new cycle with improved sentiment and opportunities in Asia-Pacific markets.

The outlook emphasizes AI-driven opportunities, increased M&A and IPO activity, and growing demand for long-term capital across all client segments, particularly retail wealth.

BlackRock has launched the iShares International Country Rotation Active ETF (CORO), expanding its active ETF lineup. The fund is managed by Lisa O'Connor, Michael Gates, Michele Freed, and Jonathan Adams, leveraging insights from BlackRock's Model Portfolio Solutions (MPS) team to dynamically allocate across international developed and emerging markets.

CORO aims to capture additional alpha by investing in iShares country ETFs and responding to changes in economic cycles across international markets. The strategy is backed by MPS, which oversees $178 billion in assets globally and employs over 20 research and portfolio management professionals. The fund uses the MSCI ACWI ex-US Index as its performance benchmark.

BlackRock currently manages $34 billion across more than 40 active ETFs in the U.S.

BlackRock (NYSE: BLK) has announced the acquisition of HPS Investment Partners for approximately $12 billion, paid entirely in BlackRock equity. HPS, a global credit investment manager with $148 billion in client assets, will combine with BlackRock to create an integrated private credit franchise managing ~$220 billion. The transaction is expected to increase private markets fee-paying AUM and management fees by 40% and ~35%, respectively. The deal, expected to close in mid-2025, will unite BlackRock's $3 trillion public fixed income business with HPS's private credit capabilities. The combined entity aims to provide comprehensive public and private income solutions, positioning BlackRock to capitalize on the private debt market's projected growth to $4.5 trillion by 2030.

BlackRock (NYSE:BLK) has announced that Chief Financial Officer Martin S. Small will be presenting at the 2024 Goldman Sachs US Financial Services Conference. The presentation is scheduled for December 10th, 2024, at approximately 2:20 p.m. ET.

A live webcast of the presentation will be available through BlackRock's website in the 'Investor Relations' section. The replay will be accessible within 24 hours after the presentation and remain available for three months on the company's website.

BlackRock (NYSE:BLK) has announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock. The dividend will be payable on December 23, 2024, to shareholders of record at the close of business on December 5, 2024.

BlackRock closed-end funds announced final results of their tender offers for up to 2.5% of outstanding common shares. The tender offers, which expired on November 18, 2024, were oversubscribed for each fund. As a result, shares will be purchased from tendering shareholders on a pro rata basis. For BlackRock Health Sciences Term Trust (BMEZ), 21,043,412 shares were tendered, with 2,596,285 to be purchased at $16.3856 per share. The purchase price equals 98% of each fund's NAV as of November 19, 2024. Payments are expected within five business days after expiration.

BlackRock (NYSE: BLK) has elected Bayo Ogunlesi to its Board of Directors as a non-independent director following BlackRock's acquisition of Global Infrastructure Partners (GIP) in October 2024. Ogunlesi, the Founding Partner, Chairman and CEO of GIP, joins as a Senior Managing Director at BlackRock. With this appointment, BlackRock's Board will comprise 17 members, including 14 independent directors. Prior to founding GIP in 2006, Ogunlesi spent 23 years at Credit Suisse in various senior positions, including Executive Vice Chairman and Chief Client Officer of its Investment Banking Division.

BlackRock has converted its International Dividend Fund into an active ETF, launching the BlackRock International Dividend ETF (NYSE:BIDD). This marks the firm's first active mutual fund to ETF conversion and first U.S.-listed active ETF focusing on high-quality dividend-paying companies across international developed and emerging markets. The ETF, managed by an all-female portfolio management team led by Olivia Treharne and Molly Greenen, aims to invest at least 80% of its net assets in dividend-paying international companies. BIDD has an expense ratio of 0.61% and tracks the MSCI ACWI ex US Index.

KBRA has assigned a BBB- rating with a Stable Outlook to BlackRock Private Credit Fund's $125 million senior unsecured notes. The notes include a $70 million tranche at 7.14% due 2027 and a $55 million tranche at 7.33% due 2030. The rating is supported by BlackRock's $10.5 trillion AUM platform and $65 billion private debt platform. The fund's portfolio consists of 99.9% senior secured first lien loans focused on core middle market companies. As of Q3 2024, the fund maintained low non-accruals (0.01% at FV), gross leverage of 0.41x, and solid asset coverage at 307%.