“BlackRock is a scale operator across public markets, private markets, and technology. That combination is proving more valuable every day,” chief executive Larry Fink said in a statement. “Private markets net inflows of $9bn were led by private credit and infrastructure”.
Read more: BlackRock shares slide after $26bn private credit fund caps withdrawals
It comes after the asset manager curbed withdrawals from one of its private credit funds, HPS Corporate Lending Fund, following a surge in redemption requests in March.
The company reported an increase of $212m in performance fees from the first quarter of 2025, primarily reflecting higher revenue from private markets, including the impact of the HPS transaction.
Fink added: “We’re engaged with clients across every channel, geography, and asset class. Our results and growing pipeline of business show that when clients are making big decisions about their portfolios, they are choosing BlackRock.
Read more: JPMAM: Private credit funds not showing ‘significant deterioration’ in credit quality
“They’re coming to BlackRock because we can meet them across their whole portfolio. We do that by bringing together asset management and technology across public and private markets seamlessly, on one integrated platform. Our model is working, and we’re more confident than ever in the opportunity we see ahead for our firm, clients, and shareholders.”
