BLK · News · 20260903N

Private Markets Pivot

BlackRock, Inc. · 2026-09-03 · 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 invested $30.61 million in Vox Royalty Corp. by acquiring 6.47 million shares, representing a 9.32% stake. source
• BlackRock Inc. has acquired a new position in RBB Bancorp, purchasing 1,292,135 shares valued at approximately $35.4 million, giving them a 7.63% stake in the company. source
• BlackRock Inc. purchased 2,280,065 shares of American Coastal Insurance Corporation (NASDAQ:ACIC) valued at approximately $25.3 million, representing a 4.71% stake. source
• BlackRock Inc. invested $36.73 million in Dave & Buster's Entertainment, Inc., acquiring 3.22 million shares and representing a 9.26% stake. source
• BlackRock Inc. acquired 6,615,602 shares of Krispy Kreme, Inc. (NASDAQ:DNUT) in the second quarter, valuing the position at approximately $23.35 million and representing a 3.84% stake. source
• BlackRock Inc. acquired over 1.21 million shares of The Lovesac Company (NASDAQ:LOVE) valued at approximately $20.25 million, giving it an 8.29% stake. source
• BlackRock Inc. acquired 324,909 shares of Strattec Security Corporation (NASDAQ:STRT) during the second quarter, representing a 7.77% stake valued at approximately $26.5 million. source
• BlackRock Inc. acquired 733,129 shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) valued at approximately $28.2 million, representing a 5.09% stake. source