The largest asset manager in the world is reportedly gearing up to raise hundreds of billions of dollars to expand its investment horizon. BlackRock is planning to raise $400 billion from its clients in the next five years in an effort to double its operating income and stock price by 2030, the Wall Street Journal reports . The capital will be allocated to funds that invest in private equity, private credit, real estate, infrastructure and other alternative investments. BlackRock also revealed its plans to make technology and private markets comprise 30% or more of its total revenue by 2030. The move would mark a 100% growth in the amount of revenue it collects from those sectors. BlackRock CEO Larry Fink is currently hoping for a doubling in shares of BlackRock as well (BLK), which are currently trading at $971 with a market cap of around $150 billion. Says Fink, “We’re singularly focused on executing these integrations to bring the breadth of BlackRock to each and every client… And with the execution, doubling operating income and stock prices, I believe is very achievable.” The CEO compares BlackRock’s current market setup to 2009, when it acquired Barclays’s iShares index-fund business. Shares of BLK have since gone up 619%. “It feels a bit like it did after we acquired BGI… I wasn’t happy with the stock price after we did that transaction. But once we proved that our whole was exponentially stronger than the parts, the stock broke out, and I believe that is going to be the case here today.” Fink also said that by 2030, BlackRock is looking to raise its revenue from $20 billion to $35 billion or more. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post BlackRock Launches $400,000,000,000 Capital Raise To Expand Portfolio – Here’s What the Firm’s Looking To Accumulate: Report appeared first on The Daily Hodl .
