Blackrock Achieves Record $12.5 Trillion in Managed Capital

American Blackrock, one of the world's largest fund managers, drew in 46 billion dollars to its investment fund during the second quarter. The managed capital thus grew to record-high 12,500 billion dollars (equivalent to 120,000 billion kronor).

Blackrock also drew in 9.8 billion dollars to alternative investments – unlisted assets – during the quarter and is increasingly challenging traditional venture capitalists such as Blackstone, Apollo Global Management and KKR & Co.

In July, Blackrock completed its acquisition of HPS Investment Partners for 12 billion dollars, the third major acquisition Blackrock has made in a year and a half.