BlackRock CEO Larry Fink. — Bloomberg
NEW YORK: Larry Fink is shelling out about US$25bil in the space of a year to turn BlackRock Inc into a top-five player in infrastructure and private credit. Now, he’s focused on enticing the firm’s newest rainmakers to stay on board.
Across the purchases of private credit firm HPS Investment Partners and Global Infrastructure Partners this year, BlackRock set aside US$1.33bil for retention packages, about US$1mil per new employee.
