BlackRock crossed $15tn in assets under management for the first time

BlackRock's second quarter was reported by Leo Almazora at InvestmentNews. Assets under management reached $15.34tn, the first time the firm has crossed $15tn. Net client inflows were $192bn in the quarter and $868bn over the trailing 12 months. Revenue was $7.08bn. Adjusted earnings came to $13.91 per share. iShares drew $163.6bn in fixed-income and equity inflows. Private markets took in $15.4bn. Chief Executive Larry Fink pointed to the firm's mix of public markets, private markets and technology. BlackRock is targeting $400bn in private markets fundraising through 2030. The underlying figures appear in the earnings release the firm filed with the SEC on Form 8-K.