Deals
BlackRock Seeks $10 Billion to Buy Stakes in Companies
- Vehicle would target investments of $500 million to $2 billion
- Firm hopes to complete fundraising by middle of the year
This article is for subscribers only.
BlackRock Inc., the world’s largest money manager, is seeking to raise more than $10 billion to buy and hold stakes in companies.
BlackRock, which oversees about $6 trillion in assets, is seeking capital from sovereign-wealth funds, pensions and other big investors for an effort named BlackRock Long-Term Private Capital, according to a person familiar with the matter.