(12 June 2025 – United States) BlackRock has set its sights on raising $400 billion for its private investment businesses by 2030, as part of a wider plan to nearly double the firm’s market value and challenge dominant players in the alternative asset space.
In the past year, BlackRock has announced a string of acquisitions totalling $28 billion, including Global Infrastructure Partners (GIP), HPS Investment Partners, and private fund data provider Preqin. These moves mark a significant shift since BlackRock’s 2009 acquisition of Barclays Global Investors, which propelled it to the top of the asset management world via iShares ETFs.
The strategy is already showing momentum: GIP recently announced a $22.8 billion deal to acquire global port assets and is co-leading a $30 billion AI investment fund with Microsoft. The HPS acquisition is expected to close in July.
With institutional demand for private market exposure rising, BlackRock aims to meet it by embedding itself deeper into the alternatives ecosystem—backed by scale, capital, and a renewed appetite for M&A.