The Business Times

BlackRock

Global Enterprise

Temasek, Nvidia, Blackrock part of group striking US$40 billion data centre deal to fuel AI boom

BlackRock, the world’s largest asset manager reported adjusted earnings of US$1.91 billion, or US$11.55 per share, for the three months to Sep 30.
Wealth & Investing

BlackRock’s assets hit record US$13.46 trillion on third-quarter markets rally

Aligned, operating throughout the US and South America and based in Plano, Texas, has 50 campuses and 78 data centres under management and future development.
Telcos, Media & Tech

BlackRock’s GIP nears US$40 billion deal to buy Aligned Data Centers in bet on AI

For BlackRock, the tie-up marks a return to money management in the world’s fastest-growing major economy after its exit in 2018.
Banking & Finance

Jio BlackRock sees India mutual fund industry tripling by 2032

Aramco is developing the over US$100 billion Jafurah project to supply fuel to domestic power plants as well as for export.
Energy & Commodities

BlackRock gets US$10 billion financing for Aramco deal: sources

The Series E funding round was led by investment firms BlackRock, Temasek and Baillie Gifford and saw participation from new investors including Nvidia’s venture capital arm NVentures, Macquarie Capital and Ribbit Capital.
Startups

Temasek-backed PsiQuantum valued at US$7 billion in latest funding round, teams up with Nvidia

BlackRock is currently developing its second and third large-scale blended finance funds, which has brought with it “a couple of learnings” around the kinds of risk structures investors are willing to accept.
Sustainable Finance

BlackRock explores risk models to add scale to blended finance

Under the agreement, some CIM employees will join BlackRock as portfolio managers for Citi clients.
Wealth & Investing

BlackRock to run US$80 billion for Citi as bank refocuses wealth unit

PFZW was making changes to its approach to asset management that included dropping BlackRock.
Banking & Finance

BlackRock loses US$17 billion mandate at Dutch pension fund PFZW

BlackRock’s merger with HPS came as part of a larger push by its co-founder Larry Fink to cement the firm’s future in private markets.
Banking & Finance

BlackRock pauses fundraising for latest Asia private credit fund

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