BlackRock’s Larry Fink Handed Pay Perks for Role in Growing Private Markets

BlackRock Inc. awarded Chief Executive Officer Larry Fink additional pay perks known as carried interest tied to the asset manager’s major expansion in private markets, saying the co-founder has a key role in the firm’s long-term plans.

Fink will receive a percentage of carry distributions tied to a basket of the company’s flagship private investment funds, BlackRock said in a regulatory filing on Friday.