BlackRock private equity fund takes more than $600mn hit on investment

Quick Summary:

Its private equity teams run a variety of strategies and manage $43bn in client assets.

Alacrity is the most recent of the Long Term Private Capital strategy’s seven publicly disclosed investments.

It agreed to pay $28bn last year to buy big players in infrastructure, private credit and private markets data.

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Article Details

Author / Journalist: Brooke Masters

Category: MarketsFinanceInvesting

Markets: United States

Topics: Management Financial Investment Equity Credit Company Blackrock Alacrity Business Restructuring Private

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 02:53:47 (21 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Readers: 116 people read this story

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © Financial Times

News ID: 24989305

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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