BlackRock sets aside $1.33 billion for retention, about $1 million per new employee

On December 5th, Jinshi data reported that Larry Fink, CEO of BlackRock (BLK.N), plans to invest about $25 billion within a year to make BlackRock one of the top five institutions in the infrastructure and private credit fields. Now, he is focused on retaining the latest talents who have opened up new territories for the company. In addition to acquiring private credit companies HPS Investment Partners and Global Infrastructure Partners this year, BlackRock has allocated $1.33 billion for talent retention, about $1 million per new employee. All of this is to ensure a return on Fink’s record-breaking acquisition spree. As CEO for a long time, Fink’s main task now is to ensure that dealmakers who build their careers in small private companies have reasons to stay at the world’s largest asset management company.