BLK · News · 20260908N

Private Markets Pivot

BlackRock, Inc. · 2026-09-08 · 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 643,499 shares of HF Foods Group (NASDAQ:HFFG) in the second quarter, a stake valued at approximately $907,000 and bringing its total ownership to about 1.20%. source