BlackRock 10-K filed Feb 25, 2026

Modified · Overview

BlackRock, Inc. (together, with its subsidiaries, unless the context otherwise indicates, “BlackRock” or the “Company”) is a leading publicly traded investment management firm with $11.614.0 trillion of assets under management (“AUM”) at December 31, 20242025. With approximately 21,10024,900 employees in more than 30 countries who serve clients in over 100 countries across the globe, BlackRock provides a broad range of investment management and technology and subscription services to institutional and retail clients worldwide. On OctoberJuly 1, 20242025, BlackRock completed the acquisition of 100% of the issuedbusiness and outstanding limited liability company interests assets of Global Infrastructure Management, LLC HPS Investment Partners (the "GIPHPS Transaction" or the "GIP TransactionHPS"). As , a result of the closing of the GIP Transaction, BlackRock, Inc. leading global credit investment manager, with substantially all consideration paid in Class B-2 common units (formerly known as"Subco Units") of BlackRock FundingSaturn Subco, Inc.LLC ("BlackRock FundingSubco")) (“New BlackRock”) became , a consolidated subsidiary of the ultimate parent company of Company. Concurrent with the acquisition, BlackRock Finance, Inc. (formerly known as BlackRock, Global Infrastructure Management, Inc.)LLC (“Old BlackRock”"GIP"), GIPHPS, and their respective subsidiaries became wholly owned subsidiaries of Subco. See Note 1, Business Overview andFor additional information on the HPS Transaction see Note 3, Acquisitions, in the notes to the consolidated financial statements contained in Part II, Item 8 for additional information.