Larry Fink Letter to Shareholders: Alts2Wealth Takeaways
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BlackRock. (2026, March 23). BlackRock 2025 Annual Results and 2030 Strategic Ambitions. BlackRock.
• BlackRock aims to achieve a cumulative $400 billion in private markets gross fundraising by 2030.
• The firm integrated major acquisitions including Global Infrastructure Partners, HPS Investment Partners, and Preqin to scale its private market platform.
• Private markets and technology services are projected to contribute 30% or more of BlackRock's total revenue by the year 2030.
• The acquisition of Preqin enables the integration of private market data and workflows into the unified Aladdin platform.
• Infrastructure growth is anchored by the $25.2 billion GIP flagship fund and strategic investments in artificial intelligence infrastructure.
• BlackRock is expanding private market access for wealth and insurance clients through innovative separately managed account solutions.
• The company is advocating for regulatory frameworks to incorporate private market investments into United States 401(k) retirement plans.
Knote: In last year's letter, Larry Fink envisioned the 60/40 portfolio moving to a 50/30/20 portfolio with the 20 being alternatives. Sounds like they are aiming to drag it there themselves, with or without anyone else.