BlackRock more than halves its $12B private equity target
January 4, 2021
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BlackRock is now looking to raise between $4 billion and $6 billion for its private equity fund after staff admitted its initial $12 billion goal was unrealistic, The Wall Street Journal reports. The asset manager had revealed plans for a new private equity mega-fund in early 2019 but by the end of 2020 had raised just $3.4 billion, the report said.