BlackRock brought in more money last quarter than ever before. Here's where the $11.5 trillion asset manager hopes to become the industry leader next.

BlackRock brought in $221 billion in net inflows in the third quarter, the most in its history.The world's largest asset manager, though, is focused on growing its private markets business.After growing to $11.5 trillion in assets thanks to cheap ETFs, the firm is focused on higher-fee products. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access y ...