BlackRock Now Manages $10 Trillion In Assets – For the Second Time

BlackRock’s assets under management climbed to $10 trillion in the fourth quarter, beating analyst expectations and roughly tying a record set in the fourth quarter of 2021. The world’s largest asset manager got a boost from rising U.S. markets and $96 billion of new client inflows to its investment products during the quarter. BlackRock also announced the [acquisition of private-equity firm Global Infrastructure Partners](https://ift.tt/0LYm1nF) in a $12.5 billion cash-and-stock deal, as well as a major corporate reorganization.