Recent events
2025-03-15
Transactions
SECONDARY
Fink publicly suggested reforming Social Security with private investment accounts, while BlackRock manages the majority of the existing federal employee retirement system that such a reform would expand
2024-06-15
Transactions
SECONDARY
BlackRock's Aladdin (Asset, Liability, Debt and Derivative Investment Network) risk management platform processes an estimated $21.6 trillion in assets globally, used by institutions including CalPERS ($260B), Deutsche…
2024-06-15
Transactions
SECONDARY
Despite Fink's great influence, he is not widely known publicly apart from regular appearances on CNBC, reflecting a deliberate low-profile strategy for someone controlling $10T+ in assets
2024-06-15
Transactions
PRIMARY
BlackRock manages the majority of the Federal Thrift Savings Plan (TSP) investment funds (F, C, S, and I Funds), which held an estimated $800+ billion in retirement investments for millions of federal employees and…
2024-04-15
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SECONDARY
BlackRock doubled security spending for CEO Fink amid growing personal backlash related to ESG investing controversy
2023-12-15
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SECONDARY
Ramaswamy called Fink 'the king of the woke industrial complex' during Republican primary debates; DeSantis pulled $2 billion from BlackRock — reflecting how Fink became a political target from the right while…
2023-09-15
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SECONDARY
Strive Asset Management hit $1 billion in assets within one year of founding, backed by Peter Thiel and Bill Ackman, explicitly positioning itself against BlackRock's ESG investing approach
2022-06-15
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SECONDARY
Peter Thiel backed Strive Asset Management, founded by Vivek Ramaswamy in 2022, as an explicit anti-BlackRock vehicle designed to counter ESG investing — while Thiel simultaneously profits from Matt Danzeisen's…
2020-06-15
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PRIMARY
During the COVID-19 pandemic in 2020, the Federal Reserve again turned to BlackRock for no-bid contracts to purchase distressed securities, including corporate bonds and corporate bond ETFs under a $750 billion program…
2020-06-15
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SECONDARY
BlackRock's 2020 COVID-era Fed contract allowed BlackRock to purchase its own iShares ETF products using Federal Reserve money, creating a direct conflict where BlackRock profited from both the advisory fee and the…
2020-03-24
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PRIMARY
In March 2020 the Federal Reserve again hired BlackRock on a no-bid basis to manage three COVID-era credit facilities: the Primary Market Corporate Credit Facility, Secondary Market Corporate Credit Facility, and…
2019-06-15
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SECONDARY
As of 2019, retirement funds accounted for two-thirds of BlackRock's investment portfolio, making retirees' savings the primary source of BlackRock's asset management fees
2019-06-15
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SECONDARY
BlackRock was fined $3.52 million in Germany for flawed reporting and violations of regulatory deadlines
2016-08-10
Other facts
SECONDARY
Larry Fink filed filing with the SEC on 2016-08-10. Accession number: N/A.
2016-06-15
Other facts
SECONDARY
In 2016, Fink aspired to become Hillary Clinton's Treasury Secretary, reflecting his deep connections to the Democratic political establishment
2009-06-15
Other facts
SECONDARY
BlackRock's crisis-era government contracts led to relationships with Obama's Treasury Secretary Tim Geithner and other members of the Obama economic recovery team; BlackRock also hired many former executive branch…
2008-10-15
Other facts
SECONDARY
Fink was described by CNN Fortune as the financial crisis's 'behind-the-scenes fixer and father confessor' — AIG, Lehman Brothers, Fannie Mae, and Freddie Mac all hired BlackRock in the months before and during the…
2008-06-15
Transactions
SECONDARY
BlackRock was hired to evaluate the toxic assets of Fannie Mae and Freddie Mac after the government seized both entities in 2008, monitoring approximately $5 trillion in assets
2008-06-15
Other facts
SECONDARY
BlackRock received three no-bid contracts during the 2008 crisis from then-Treasury Secretary Timothy Geithner
2008-06-15
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PRIMARY
During the 2008 financial crisis, the Federal Reserve Bank of New York gave BlackRock no-bid contracts to manage toxic assets in all three Maiden Lane special purpose vehicles: Maiden Lane ($[street address…
2008-06-15
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SECONDARY
BlackRock advised the Federal Reserve on the $300 billion pool of Citigroup assets that the Fed ring-fenced and guaranteed, and also managed the Fed's mortgage-backed securities purchase program
2008-03-16
Other facts
PRIMARY
New York Federal Reserve Bank President Timothy Geithner approached Larry Fink to have BlackRock assess and dispose of Bear Stearns' toxic assets
2008-03-16
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PRIMARY
The Federal Reserve Bank of New York engaged BlackRock in March 2008 to value Bear Stearns' $30 billion mortgage portfolio using Aladdin — the same system Fink built — before any public rescue announcement. BlackRock…
2002-06-15
Other facts
PRIMARY
Matt Danzeisen served as Vice President and Portfolio Manager at BlackRock in its fixed income division from 2002 to 2008 — spanning exactly the period when BlackRock was being engaged by the Federal Reserve to manage…
1988-06-15
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PRIMARY
Larry Fink co-founded BlackRock in 1988 with seven partners; the firm has grown to become the world's largest asset manager with over $10 trillion in assets under management
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