Daniel Fannon's questions to BlackRock Inc (BLK) leadership • Q2 2025
Question
Daniel Fannon from Jefferies requested specifics on recent flow trends for the newly closed HPS Investment Partners acquisition and asked about the fundraising pipeline for HPS products for the remainder of the year.
Answer
CFO Martin S. Small did not provide specific HPS flow numbers but confirmed a robust product roadmap for 2025. He detailed that fundraising is active across infrastructure, various credit strategies, and real estate. He reiterated the firm's target to raise $400 billion in gross private market capital by 2030, emphasizing that this would be a ramp-up over time and is contingent on delivering strong investment performance.