BlackRock Tapped to Run Arizona State's $600 Million Endowment
- Money manager is competing for endowment, foundation business
- Perella Weinberg unit Agility was fund’s previous manager
The Grady Gammage Memorial Auditorium at Arizona State University.
Photographer: Gerald French/Getty ImagesThis article is for subscribers only.
BlackRock Inc., the world’s biggest money manager, is making headway in investing for U.S. college endowments.
BlackRock will manage Arizona State University Foundation’s $600 million endowment, succeeding Perella Weinberg Partners’ Agility unit. The transition starts July 1, the foundation and BlackRock said.