Blackrock (BLK)

[Mithrandir77]

BlackRock CEO Larry Fink: Infrastructure will be the largest growing sector in private capital

 

BlackRock CEO Larry Fink joins ‘Squawk Box’ to discuss the company’s alternatives business, 3 company acquisitions in 2024, succession plans, and more.

 

[Mithrandir77]

BlackRock's Panama Canal deal is latest win for chief Larry Fink's strong start to Trump era

 

Zitat

BlackRock (BLK) CEO Larry Fink is notching some early wins in the new Trump era.

The latest came Tuesday as the world’s largest money manager announced that a BlackRock-led investment coalition would take control of two key ports on either end of the Panama Canal for the price of $22.8 billion.

The move essentially gives President Donald Trump something he asked for — a larger American presence at this vital shipping lane where he had alleged Chinese interference.

The ports being picked up by BlackRock are owned by Hong Kong-based conglomerate CK Hutchison Holding. The canal itself is still controlled by Panama, which still needs to sign off on the BlackRock-led purchase.

Fink himself reached out to the White House, according to a report by Bloomberg, after Trump in his first day as president said of the canal that he wanted to "take it back."

He argued to the White House, according to Bloomberg, that there would be no need to forcibly take the ports if BlackRock were to arrange a purchase on its own.

Even as BlackRock makes these adjustments, it is making a deeper push into alternative assets with three recent acquisitions that cost it more than $27 billion. They included private equity firm Global Infrastructure Partners, a player in energy, transportation, and digital infrastructure projects.

Global Infrastructure Partners is part of the consortium that agreed Tuesday to buy the ports at either end of the Panama Canal, along with BlackRock and Terminal Investment Limited. The deal includes a total of 43 ports in 23 countries.

"These world-class ports facilitate global growth," Fink said in a joint announcement of the deal, adding that "we are increasingly the first call for partners seeking patient, long-term capital. We are thrilled our clients can participate in this investment.”

The AP reported that Frank Sixt, co-managing director of CK Hutchison, said in a statement that the transaction was "the result of a rapid, discrete but competitive process in which numerous bids and expressions of interest were received" and that the deal was "wholly unrelated to recent political news reports concerning the Panama Ports."

 

 

[Mithrandir77]

BlackRock knackt 12-Billionen-Marke – und setzt voll auf diesen Markt

 

Zitat

Der weltgrößte Vermögensverwalter BlackRock hat im zweiten Quartal 2025 ein neues Rekordniveau erreicht: Das verwaltete Vermögen (Assets under Management, AuM) schnellte um 18 Prozent hoch auf den neuen Rekordstand von 12,53 Billionen US-Dollar. Getragen wurde der Anstieg von einem Börsenboom, positiven Währungseffekten und einem Zufluss von 68 Milliarden US-Dollar frischem Kapital.

Zwar lag der Nettozufluss in langfristige Investments belastet durch einen Einzelabzug in Höhe von 52 Milliarden US-Dollar durch einen institutionellen Kunden etwas unter den Analystenerwartungen, doch in Summe wuchs BlackRocks Geschäft in fast allen Bereichen. Besonders gefragt waren ETFs (+85 Milliarden US-Dollar) und Cash-Produkte, während Fixed Income aufgrund der Unruhe am US-Anleihemarkt leichte Abflüsse verzeichnete.

CEO Larry Fink betonte: "Dies sind nur die ersten Schritte unserer nächsten Wachstumsphase." Mit dem Abschluss der Übernahme des Private-Credit-Spezialisten HPS Investment Partners am 1. Juli sowie den jüngsten Deals mit Global Infrastructure Partners und Preqin baut BlackRock seine Private-Market-Sparte massiv aus. Ziel ist es, die Marke von mehr als 1 Billion US-Dollar an alternativen Assets bis 2030 zu erreichen.

 

Bereits heute verwaltet BlackRock über 600 Milliarden US-Dollar in Private Equity, Infrastruktur, Private Credit und Hedgefonds und plant, diese künftig auch in Renten- und Vorsorgeportfolios von Privatanlegern zu integrieren. Damit positioniert sich BlackRock in direkter Konkurrenz zu Schwergewichten wie Blackstone, Apollo und KKR.

Die Zollpolitik von US-Präsident Donald Trump, die den Märkten im April einen Schock versetzte, sorgte zwischenzeitlich für Verunsicherung. Doch die Märkte erholten sich zügig der S&P 500 stieg im Quartal um mehr als 10 Prozent, was auch den BlackRock-Anlagen zugutekam. Der Vermögensverwalter profitierte zudem von einem 171 Milliarden US-Dollar starken Währungsplus, das durch die Schwäche des US-Dollars begünstigt wurde.

 

[Mithrandir77]

BlackRock’s GIP nears US$40 billion deal to buy Aligned Data Centers in bet on AI

 

Zitat

BlackRock’s Global Infrastructure Partners (GIP) is in advanced talks to acquire Aligned Data Centers, targeting a major beneficiary of AI spending in one of the year’s biggest deals, according to people familiar with the matter.

Aligned, which is backed by Macquarie, could be valued at about US$40 billion in a transaction, one of the people said. An agreement could be announced within days, the people added, asking not to be identified because the information is private.

MGX, an AI investment company established by sovereign wealth fund Mubadala Investment, is also involved in the talks and would invest independently as part of a transaction, one of the people said. Mubadala has separately already invested in Aligned.   

 

In recent years, digital infrastructure in particular has become a popular target for global investors looking for stable returns and growth. It’s also one of the busiest assets for dealmaking, despite concerns that the new capacity may eventually outstrip demand.

At US$40 billion, GIP’s deal for Aligned would rank among the world’s five biggest transactions this year, according to data compiled by Bloomberg. GIP already owns Dallas-based data centre company CyrusOne with KKR. The two firms took CyrusOne private in a 2021 deal valuing the company at about US$15 billion.

BlackRock acquired GIP last year for roughly US$12.5 billion. Shares of BlackRock have gained about 13 per cent this year, giving the company a market value of about US$189 billion.

Aligned, operating throughout the US and South America and based in Plano, Texas, has 50 campuses and 78 data centres under management and future development, according to its website. In January, it landed more than US$12 billion in equity and debt commitments from investors including funds managed by Macquarie Asset Management.