BLK · News · 20260904N

Private Markets Pivot

BlackRock, Inc. · 2026-09-04 · 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 management is targeting over 30% of revenue from private markets and technology by 2030. source
• BlackRock wants 5% to 20% of a target-date fund to be allocated to private assets. source
• BlackRock Inc. has acquired a new stake in RCI Hospitality Holdings, Inc., purchasing 614,370 shares valued at approximately $16.8 million, giving it an 8.04% ownership. source
• BlackRock Inc. has invested $28.05 million in Alpine Income Property Trust, acquiring over 1.35 million shares and now owning 7.67% of the company. source
• BlackRock Inc. purchased 2.4 million shares of GSI Technology, Inc. (NASDAQ:GSIT) valued at approximately $18.55 million, giving them a 6.25% ownership. source
• BlackRock Inc. made a new $16.71 million investment in Legacy Housing Corporation by acquiring 636,227 shares, representing a 2.68% stake. source
• BlackRock Inc. acquired 1,741,124 shares of McGraw Hill, Inc. (NYSE:MH) during the second quarter, a stake valued at approximately $16.5 million and representing 0.91% ownership. source
• BlackRock Inc. acquired 7.3 million shares of Outdoor Holding Company (NASDAQ:POWW) valued at $16.65 million, representing a 6.29% stake. source