BlackRock CEO Larry Fink Receives Carried Interest for Private Markets Expansion
BlackRock Inc. has awarded CEO Larry Fink carried interest tied to the asset manager's private market expansion.
Fink will receive a percentage of carry distributions from a basket of BlackRock's flagship private investment funds.
This compensation recognizes Fink's expanded executive responsibilities and his role in realizing the long-term value creation opportunities from BlackRock's focus on private market growth.
BlackRock is undergoing a major transformation, acquiring alternative and private assets and data to manage approximately $600 billion in alternative assets.