BlackRock Posts Earnings Beat, Buys Global Infrastructure Partners for $12.5 Billion in Private Markets Push

BlackRock, the world’s largest asset manager, beat fourth-quarter earnings expectations and also announced the acquisition of Global Infrastructure Partners in a push into private markets. BlackRock reported revenue of $4.63 billion in the fourth quarter with earnings of $9.66 a share. A year earlier, BlackRock reported revenue of $4.3 billion and earnings of $8.93.