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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.