BLK · News · 20260906N

Private Markets Pivot

BlackRock, Inc. · 2026-09-06 · 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. acquired 933,473 shares of American Vanguard Corporation during the second quarter, valuing its new position at approximately $2.6 million and giving it a 3.26% stake. source
• BlackRock Inc. has acquired a new position in Torrid Holdings Inc., purchasing 1,917,282 shares valued at approximately $3.585 million, giving them a 1.93% stake. source
• BlackRock Inc. acquired 286,951 shares of Trinity Capital Inc. during the second quarter, valued at approximately $5.13 million and giving it a 0.32% stake. source
• BlackRock Inc. acquired over 10.55 million shares of Heron Therapeutics (NASDAQ:HRTX) in the second quarter, representing a 5.57% stake valued at approximately $4.5 million. source
• BlackRock Inc. acquired 154,077 shares of Ero Copper Corp. (NYSE:ERO) in the second quarter, a stake valued at approximately $4.1 million. source