Larry Fink, CEO of BlackRock, has pledged to expand access to private markets to individual investors, not only high-net-worth investors, according to his annual chairman’s letter.
“Today, many countries have twin, inverted economies: one where wealth builds on wealth; another where hardship builds on hardship,” Fink said in a statement. “The divide has reshaped our politics, our policies, even our sense of what’s possible. Protectionism has returned with force.”
As BlackRock expands beyond its traditional asset management role, it is exploring new formats for portfolio diversification. Fink suggested a new strategy of 50/30/20, with 20 percent invested into private assets including real estate, private credit and infrastructure. Fink also mentioned that private asset investments, including infrastructure and private credit, are useful for retirement funds and help protect against downturns.
BlackRock plans to use its market knowledge, technology and
