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Jan 16, 2026 4:00 AM

Building 'The Machine': How BlackRock Plans To Raise $400B And Democratize Private Market Investing

Investment management company BlackRock Inc. (NYSE:BLK) is placing its biggest strategic wager yet on private markets, outlining a plan to raise $400 billion in gross private-market assets by 2030 as the firm pushes deeper into retirement accounts, insurance portfolios and digital finance.

Private Market Inflows Soar

During the company’s fourth-quarter earnings call on Thursday, CFO Martin Small noted that its scaled private market platform “delivered $40 billion of full-year net inflows led by private credit and infrastructure.”

Martin added that BlackRock was targeting “$400 billion in gross private markets fundraising through 2030,” which he said will be powered by the asset management giant’s robust origination infrastructure, decades of strong investment performance and longstanding client relationships.

BlackRock is trying to move private-market investments out of the exclusive world ...