BlackRock Seeks $400 Billion in Private Markets Through Tokenization Drive

BlackRock has announced a $400 billion fundraising goal for private markets by 2030, marking a significant shift in its focus towards alternatives and blockchain-based tokenization.

The asset manager made this target public on June 12, 2025. To achieve this goal, BlackRock acquired three key companies: Global Infrastructure Partners (GIP) in 2024 for direct exposure to physical infrastructure assets, HPS Investment Partners in 2025 for private credit origination and equity deal flow, and data provider Preqin also in 2025.

The deals aim to provide the necessary infrastructure for BlackRock's push into private markets. The firm is distributing these strategies through 'evergreen and semi-liquid structures' to wealth and retirement investors.

BlackRock's BUIDL tokenized treasury fund, launched in 2024, had reached approximately $2 to $2.5 billion in assets under management by mid-2026 across multiple blockchain networks. The company is targeting asset classes like real estate, credit, and infrastructure through tokenization.