BlackRock Now Wants to Become Private Equity’s Key Financier

BlackRock Inc., the world’s largest asset manager, now wants to be a financier for private equity and alternative investment firms.

Fresh off a year of almost $30 billion of deals to become a force in managing private credit, financial data and infrastructure assets, Chief Financial Officer Martin Small is starting to sketch out a plan that goes beyond investing client money to include managing capital for alternatives firms.