Catenaa, Thursday, June 12, 2025- BlackRock boosted its annual revenue target for 2030 to more than $35 billion, the company said on Thursday, and aims for $400 billion in private-markets fundraising by then.
An investor presentation by the world’s largest asset manager said that the company’s “aspiration” for annual revenue is more than $35 billion in five years, compared with $20 billion in 2024.
A key part of reaching the new goals will be private markets, where longtime leveraged-buyout titans such as Blackstone Inc. and KKR & Co. traditionally dominate.
BlackRock has committed about $28 billion over the past year or so to acquiring private-asset firms to elbow in on the space. It expects that revenue from private markets and technology will double to 30% by 2030.
It said that they are building new $ 500 million-plus businesses by helping clients access innovative opportunities, where a scaled provider of BDCs, infrastructure, secondaries, retirement and evergreen vehicles in Europe and closing, the opportunity to extend HPS’ leading private markets capabilities through an established wealth distribution network will build wealth from private markets.
The presentation said that $ 400 billion private markets cumulative fundraising is enabled by Strong corporate and asset owner relationships, Diversified, multi-asset platform, Differentiated origination, scaled, flexible capital base, extending private markets to wealth and deeper insurance capabilities.
BlackRock is also looking to double its market capitalisation to $280 billion in five years.
