Larry Fink wants to build a new BlackRock — this time in private markets

BlackRock CEO and founder Larry Fink is betting big on private markets.

AP

• $11.6 trillion BlackRock has transformed in the last year, according to cofounder and CEO Larry Fink.
• In Fink's annual letter to investors, he wrote that the firm is focused on a "$68 trillion investment boom" in infrastructure.
• After decades of dominating liquid markets, BlackRock is betting big on privates.

BlackRock was founded as a "traditional asset manager," and it became the...