Tag: BlackRock Inc.

BlackRock closes acquisition of Tennenbaum Capital
Global

BlackRock closes acquisition of Tennenbaum Capital

BlackRock, Inc., said it has completed the acquisition of Tennenbaum Capital Partners, LLC. BlackRock said the acquisition is to bolster its position global credit management and enhancing its ability to provide clients with private credit solutions across a range of risk level, liquidity and geography. TCP brings significant experience in […]

Global

BlackRock posts diluted EPS of $0.30 for Q4 2017

BlackRock, Inc., the world’s largest fund manager said it made earnings per share of $30.23, or $22.60 for the three months and year ended December 31, 2017. “BlackRock’s record 2017 results reflect the long-term investments we’ve consistently made in our business to better serve clients,” commented Laurence D. Fink, Chairman […]

Diversification pushes BlackRock net income by 8%
Global

Diversification pushes BlackRock net income by 8%

BlackRock Inc. said it its net income for the second quarter of the year rose USD860 million showing an 8% growth on a year on year basis. “BlackRock’s second quarter results reflect the trust our clients continue to place in our global investment and technology platform,” commented Laurence D. Fink, […]

BlackRock grows real asset to USD36.5 billion with First Reserve acquisition
Global

BlackRock grows real asset to USD36.5 billion with First Reserve acquisition

BlackRock, Inc., the world’s largest fund manager has successfully closed the acquisition of First Reserve Energy Infrastructure Funds. The fund is the equity energy infrastructure franchise of First Reserve, a leading global private equity firm exclusively focused on energy. BlackRock said the transaction complements BlackRock’s Real Assets’ platform with a […]