On the Record · BlackRock
BlackRock acquisitions, on the record
The businesses BlackRock bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Global Infrastructure Management, LLC (GIP)Word for word“On October 1, 2024, BlackRock completed the acquisition of 100% of the issued and outstanding limited liability company interests of GIP for a total consideration, at close, of approximately $3 billion in cash and 6.9 million shares, valued at $5.9 billion.” 10-K for 2024 | acquisition | On October 1, 2024 | approximately $3 billion in cash and 6.9 million shares, valued at $5.9 billion |
SpiderRock Advisors (remaining equity interest)Word for word“In May 2024, BlackRock completed the acquisition of the remaining equity interest in SpiderRock Advisors ("SRA"), a leading provider of customized option overlay strategies in the United States ("US") wealth market (the "SpiderRock Transaction").” 10-K for 2024 | acquisition | In May 2024 | — |
PreqinWord for word“In June 2024, BlackRock announced that it had entered into a definitive agreement to acquire Preqin, a leading independent provider of private markets data, for £2.55 billion (or approximately $3.2 billion based on the GBP/USD foreign exchange rate at December 31, 2024) in cash.” 10-K for 2024 | agreed acquisition | — | £2.55 billion (or approximately $3.2 billion based on the GBP/USD foreign exchange rate at December 31, 2024) in cash |
HPS Investment Partners (100% of the business and assets)Word for word“In December 2024, BlackRock announced that it had entered into a definitive agreement to acquire 100% of the business and assets of HPS, a leading global credit investment manager with 100% of the consideration paid in BlackRock equity.” 10-K for 2024 | agreed acquisition | — | 100% of the consideration paid in BlackRock equity |
HPS Investment PartnersWord for word“On July 1, 2025, BlackRock completed the acquisition of 100% of the business and assets of HPS Investment Partners (the "HPS Transaction" or "HPS"), a leading global credit investment manager, with substantially all consideration paid in Class B-2 common units ("Subco Units") of BlackRock Saturn Subco, LLC ("Subco"), a consolidated subsidiary of the Company.” 10-K for 2025 | acquisition | July 1, 2025 | — |
Preqin Holding LimitedWord for word“On March 3, 2025, BlackRock completed the acquisition of 100% of the shares of Preqin, a leading provider of private markets data, for £2.5 billion (or approximately $3.2 billion) in cash.” 10-K for 2025 | acquisition | March 3, 2025 | £2.5 billion (or approximately $3.2 billion) in cash |
ElmTree FundsWord for word“On September 2, 2025, BlackRock completed the acquisition of 100% of the equity interests in ElmTree Funds (the "ElmTree Transaction" or “ElmTree”), a net-lease real estate investment firm, with consideration paid primarily in BlackRock common stock.” 10-K for 2025 | acquisition | September 2, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2022-12-31 | $0 | — |
| 2023-12-31 | $189 million | $184 million |
| 2024-12-31 | $2.94 billion | $10.43 billion |
| 2025-12-31 | $3.5 billion | $9.34 billion |
Deal filings since 2016
- 2026-04-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-04-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-04-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from BlackRock’s annual reports (10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.