BlackRock in talks to take minority stake in Millennium

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The story "BlackRock in talks to take minority stake in Millennium" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

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Financial Times 2w ago

BlackRock in talks to take minority stake in Millennium - Financial Times

Quick Summary:

Since the start of the year, the group has struck deals to buy Global Infrastructure Partners and Preqin, an alternatives data provider, and is in talks with private credit manager HPS.

He established a trustee advisory board; secured Millennium’s capital base by moving the vast majority of investors into a long-term share class that takes five years to fully redeem; and has built out its leadership team — notably with senior hires from Goldman Sachs.

Millennium, which has more than 330 investment teams operating within strict risk controls, at present has just one flagship fund which has gained 10 per cent in the first 10 months of the year.