When Toronto-based Manulife Investment Management agreed to buy the $13.5 billion private credit firm CQS in November, the deal reflected the growing trend of large-scale acquisitions in the investment management industry. BlackRock, the New York-based institutional investor, has been at the forefront of this trend, making strategic moves to expand its influence in various sectors.
In a glitzy hotel in Houston on Tuesday morning, a key antagonist in Texas' war against BlackRock Inc. flattered Larry Fink, declaring him a "financial genius." This incident highlights the ongoing battle between the state of Texas and BlackRock, with the latter seeking to establish a strong presence in the state's financial landscape.
The investors are coming. Not in red coats, but swathed in capital. GlobeSt.com has heard from many in the last 12 to 18 months about the increasing interest of investors in BlackRock's investment offerings. This surge in demand reflects the trust and confidence investors have in BlackRock's ability to deliver favorable returns.