$14 trillion asset manager BlackRock aims to lock down execs to compete in the ‘alts’ gold rush shaking up the fund industry

BlackRock, the world’s largest asset manager, is taking a page from the private equity industry’s playbook, announcing this month that it will offer a slice of the profits from the firm’s private market funds to a select group of senior executives. 

The move could see BlackRock’s top-paid private market executives eventually earning millions in payouts if funds perform exceptionally well over the next decade. (No figures have been disclosed yet, and BlackRock won’t say what its profit-sharing...