Page 2 - Edwin Conway News Today

By Carolina Mandl and Davide Barbuscia NEW YORK (Reuters) - BlackRock Inc chairman and Chief Executive Officer Larry Fink said on Wednesday he is not ...

BlackRock will overhaul the leadership of its $300bn credit and private asset business to build more focused teams, it said in an internal memo.

As a result of the changes, BlackRock will no longer have a standalone alternatives unit for all private assets.

More than 70% of respondents globally intend to increase their allocations to private equity this year In private credit, more than half of respondents globally

The turmoil in the U.S. banking market may also provide an opportunity for private credit as small and mid-size banks pull back on lending.

As BlackRock cuts fees across the traditional funds at the heart of its business, the firm is prioritizing high-fee, so-called alternative assets.

The resilience of private markets is set to be tested as the new year looms, but industry experts are still seeing long-term opportunities.

“I do think in private equity, you’ve absolutely seen a shift in sentiment, particularly in the larger end of the market,” says Edwin Conway.

By Simon Jessop LONDON (Reuters) - BlackRock, the world's biggest asset manager, has set up a unit called Transition Capital to invest in opportunitie...

Russ Steenberg will become chairman of BlackRock's private equity unit and hand over day-to-day operations to Lynn Baranski and Johnathan Seeg.