Larry Fink wants to build a new BlackRock — this time in private markets

Still, it's rare for any company to pivot away from what has been its bread-and-butter profit engine, much less the industry leader. BlackRock's business lines in public markets, from its overwhelming iShares ETF line to its fixed-income mutual fund products, manage trillions of dollars, produce billions in revenue each year, and have fundamentally changed the way markets and investors behave. But Fink wrote that he is eyeing something bigger with BlackRock's next phase: the "$68 billion investment boom" co ...