BlackRock has reported that private markets helped drive record net inflows of $321bn (£239.4bn) in the first half of 2026, $192bn of which came in the second quarter.
Net inflows were “broad-based” across the platform and driven by exchange-traded funds, private markets, active fixed income and systematic equity strategies, the world’s largest asset manager said.
In the second quarter of 2026, the company saw net inflows into private markets of $15.4bn.
Read more: BlackRock reports $9bn private market net inflows in Q1 ‘led by private credit’
Assets under management reached $15.3tn at the end of June, following $868bn of net inflows over the past 12 months and 10 per cent organic base fee growth.
BlackRock attributed a 31 per cent increase in revenue year-over-year to the positive impact of markets and organic base fee growth, as well as fees related to the acquisition of HPS Investment Partners for $12bn, higher performance fees, and higher technology services and subscription revenue.
“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalysed by new technology. The scale and depth of our client relationships globally have never been greater. Clients are turning to BlackRock for insights and opportunities,” said Larry Fink, chief executive of BlackRock, who added that this is “powering” record financial performance.
“BlackRock is simultaneously a leading public markets manager, a scaled private markets platform, and a global technology company. The quality and breadth of our platform is differentiating us with clients more than ever before,” Fink said.
Within private markets, private credit AUM grew to $150.9bn, up from $36bn at the end of June 2025, with much of this increase due to acquisitions totalling $101bn.
Fink added: “The more clients we help participate in the markets, the more our own growth builds – higher organic growth, higher earnings growth, and more value for our shareholders. Our momentum is accelerating, and I’ve never been more optimistic about the growth ahead.”
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