BlackRock’s Fund Is Decreasing

This year, BlackRock planned to have their newest fund be worth $12 billion. However, the company has had to scale back its plans. On January 1, BlackRock announced that their fund would have to decrease. It is now going to be between $4 billion and $6 billion in assets. The Wall Street Journal first reported this news.

In February 2019, it was first reported that BlackRock was struggling to meet their ideal funding goals. After setting their $12 billion goal in 2018, the company struggled to attract potential investors. WSJ writer Dawn Lim reported that both a sovereign wealth fund and the investor for Alaska's oil wealth passed on the BlackRock fund.

Since the fund was left untested, and its LPs were worried there would be no return investments, the fund was scaled back. However,...

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