BLK · News · 20260902N

Private Markets Pivot

BlackRock, Inc. · 2026-09-02 · Importance 46 · Surprise 42

BlackRock is reportedly seeking to allocate approximately 5% to 20% of target-date fund assets to private markets. The initiative would expand access to private equity and private credit in retirement accounts, including brokerage accounts and IRAs where such investments remain relatively uncommon. Separately, management is targeting more than 30% of revenue from private markets and technology by 2030, indicating a multi-year strategic shift toward higher-fee alternatives and technology businesses.

Key facts

• BlackRock Inc. has acquired a 9.15% stake in Northeast Community Bancorp Inc., purchasing 1.26 million shares valued at $35.06 million in the second quarter. source
• BlackRock Inc. has made a new investment of $13.05 million in Ring Energy, Inc., acquiring 12.1 million shares and a 5.77% stake in the company. source
• BlackRock Inc. has acquired 991,823 shares of Natural Grocers by Vitamin Cottage, valued at approximately $30.8 million, now holding 4.3% of the company. source
• BlackRock Inc. acquired 7.4 million shares of Yext (NYSE:YEXT) worth approximately $34.5 million, bringing its total ownership to 7.38%. source
• BlackRock Inc. acquired 2,794,217 shares of Keros Therapeutics (NASDAQ:KROS) worth approximately $29.9 million, giving it a 14.09% stake. source
• BlackRock Inc. acquired 391,487 shares of Chemung Financial Corp valued at approximately $29.20 million, representing an 8.12% ownership. source
• BlackRock Inc. acquired 10.5 million+ shares of Editas Medicine, purchasing over 10.5 million shares valued at approximately $34.3 million and holding about 10.82% of the company's stock. source
• BlackRock initiated a new position in The Goodyear Tire & Rubber Company in the second quarter, as reported alongside Wellington Management's reduction. source