Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  BlackRock    BLK

BLACKROCK (BLK)
Mes dernières consult.
Most popular
  Report  
Delayed Quote. Delayed  - 07/13 10:02:00 pm
507.09 USD   +0.08%
07/12ETF Fees Tumble as Price War Heats Up Among Big Fund Firms
DJ
07/12EMBRAER COUNTS : sources
RE
07/11BLACKROCK : plans its largest ever alternative investment fundraiser
RE
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

BlackRock : plans its largest ever alternative investment fundraiser

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/11/2018 | 06:11pm CEST
The company logo and trading information for BlackRock is displayed on a screen on the floor of the NYSE

NEW YORK (Reuters) - BlackRock Inc is planning to raise $3.5 billion for investments in energy infrastructure in what is poised to be its largest alternative investment fund yet, an executive at the world's largest asset manager told Reuters.

The company announced on Wednesday that it has already raised $1.5 billion for the Global Energy and Power Infrastructure Fund III. The private fund will focus on operating infrastructure, such as power plants, pipelines and wind farms, in developed markets, potentially including the United States.

Mark Florian, BlackRock's global head of its energy and power infrastructure team, said there is growing demand for new infrastructure as countries around the world shift from coal and nuclear power sources to natural gas and renewable energy.

He said large utilities and global energy companies are outsourcing the management and development of infrastructure, creating an opportunity for investment organizations such as his that want to provide capital.

"The needs are just getting bigger," Florian said in a telephone interview.

BlackRock, known more for its stock and bond funds, has been building up its infrastructure unit, which it started in 2011. Chief Executive Officer Larry Fink has told analysts this year that he expects so-called illiquid alternative investments, which include private equity and typically come with higher fees than its other funds, to "be one of the more significant" drivers for BlackRock's business over the next few years.

The latest fundraising comes just over a year after BlackRock closed a deal to buy First Reserve Corp's Energy Infrastructure Funds unit, bringing over some of that company's existing funds and employees.

Overall, BlackRock manages $6.3 trillion in assets, including $41 billion on the "real assets" team that includes the energy infrastructure business.

(Reporting by Trevor Hunnicutt; Editing by Jennifer Ablan and David Gregorio)

By Trevor Hunnicutt

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BLACKROCK
07/12ETF Fees Tumble as Price War Heats Up Among Big Fund Firms
DJ
07/12EMBRAER COUNTS ON BRAZIL'S PUBLIC-SE : sources
RE
07/11BLACKROCK : plans its largest ever alternative investment fundraiser
RE
07/11BLACKROCK, INC. : half-yearly earnings release
07/11BLACKROCK : Real Assets Completes First Close of Global Energy & Power Infrastru..
BU
07/11BLACKROCK : cautious over Italian bond market - Italy chief strategist
RE
07/11Dell's Return to Market Hits Bump -- WSJ
DJ
07/10BlackRock, Other Big Shareholders Have Misgivings About Dell Deal for DVMT, S..
DJ
07/10BlackRock, Other Big Shareholders Have Misgivings About Dell Deal for DVMT, S..
DJ
07/10BLACKROCK : Holds 3.35% of Casino Guichard-Perrachon Voting Rights
DJ
More news
News from SeekingAlpha
07/14STOCKS TO WATCH : Prime Time In Retail 
07/12ETF INDUSTRY GIANTS SLASH FEES TO GR : Wsj 
07/11BlackRock Real Assets energy/power infrastructure fund raises $1.5B 
07/10Tough Senate Fight Ahead For Trump SCOTUS Pick (Wall Street Breakfast Podcast.. 
07/10WALL STREET BREAKFAST : Supreme Court Business 
Financials ($)
Sales 2018 14 837 M
EBIT 2018 5 885 M
Net income 2018 4 494 M
Finance 2018 5 925 M
Yield 2018 2,31%
P/E ratio 2018 18,31
P/E ratio 2019 16,55
EV / Sales 2018 5,07x
EV / Sales 2019 4,53x
Capitalization 81 220 M
Chart BLACKROCK
Duration : Period :
BlackRock Technical Analysis Chart | BLK | US09247X1019 | 4-Traders
Technical analysis trends BLACKROCK
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 606 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Laurence Douglas Fink Chairman & Chief Executive Officer
Robert Steven Kapito President & Non-Independent Director
Robert L. Goldstein Chief Operating Officer & Senior Managing Director
Gary S. Shedlin Chief Financial Officer & Senior Managing Director
Derek N. Stein Global Head-Business Operations & Technology
Sector and Competitors
1st jan.Capitalization (M$)
BLACKROCK-1.29%81 220
BANK OF NEW YORK MELLON (THE)-1.54%53 596
STATE STREET CORPORATION-5.30%33 778
NORTHERN TRUST CORPORATION4.24%23 408
AMERIPRISE FINANCIAL-16.20%20 536
FRANKLIN RESOURCES-25.39%17 465