BlackRock has bought into private capital boom at a steep cost

Quick Summary:

Blackstone, which manages $1tn, has a market cap of $230bn while KKR has essentially the same value as BlackRock.

Yet over the same timeframe, private capital groups Blackstone, KKR and Apollo are up between 250 per cent and 450 per cent.

It also spent $3bn in cash to buy the private markets data provider Preqin.

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Article Details

Category: MarketsFinanceInvesting

Markets: United States

Topics: Blackrock Equity Management Passive Private Capital Funds Markets Assets Financial Value

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 17:48:59 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24098164

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

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News Last Updated: 9 hours ago

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