BlackRock owns a variety of companies to enhance its investment management and technology capabilities. Are you curious about the specific firms under BlackRock’s umbrella and what it all means? At rockscapes.net, we will break down BlackRock’s holdings, its investment strategies, and provide insight into how these acquisitions align with market trends. Discover the firms BlackRock owns, its strategic investments, and future acquisition possibilities that impact the financial landscape.
1. BlackRock’s Acquisition History
BlackRock has strategically acquired numerous companies over the years to broaden its investment management capabilities. These acquisitions have not only expanded its reach but have also solidified its position as a global leader in asset management. Let’s take a closer look at some of the key companies BlackRock owns.
1.1. Merrill Lynch Investment Management
In 2006, BlackRock acquired Merrill Lynch Investment Management for $9.7 billion. This acquisition significantly boosted BlackRock’s retail and international investment management capabilities. The merger created one of the largest investment management firms globally, managing nearly $1 trillion in assets. This move allowed BlackRock to serve a broader range of clients and diversify its investment offerings.
1.2. Barclays Global Investor (BGI)
In 2009, BlackRock acquired Barclays Global Investor (BGI), the investment management arm of British bank Barclays, for $13.5 billion. This transformative transaction doubled BlackRock’s AUM to $2.7 trillion, establishing it as the world’s largest asset manager. A crucial part of this deal was the acquisition of the iShares exchange-traded fund (ETF) platform, which has become a cornerstone of BlackRock’s offerings.
1.3. iShares
The iShares platform, acquired as part of the BGI deal, now manages over $3.3 trillion in AUM across 1,400 ETFs. The largest ETF within this platform is the iShares Core S&P 500 ETF (IVV), which had nearly $590 billion in AUM in early 2025. The iShares platform has revolutionized how investors access diverse markets and asset classes through ETFs.
1.4. First Reserve Infrastructure Funds
In 2017, BlackRock acquired the equity energy infrastructure franchise of First Reserve for an undisclosed sum. This acquisition expanded the BlackRock Real Assets platform to $36.5 billion in client assets. It allowed BlackRock to strengthen its foothold in real assets and infrastructure investments, providing clients with more diverse investment options.
1.5. Kreos Capital
In 2023, BlackRock acquired private debt manager Kreos Capital for a reported $400 million. Kreos Capital specializes in growth and venture debt funding for companies in the healthcare and technology sectors. This acquisition enhanced BlackRock’s global credit asset management capabilities, enabling it to offer clients a broader range of private market investment products and solutions.
1.6. eFront
BlackRock acquired eFront in 2019 for $1.3 billion. The acquisition strengthened BlackRock’s technology platform by integrating eFront’s expertise in alternative investment management solutions. This move enhanced BlackRock’s ability to provide cutting-edge technology to its clients and streamline its internal processes.
1.7. Aperio Group
In 2021, BlackRock acquired Aperio Group for approximately $1.1 billion. Aperio is a pioneer in customizing tax-optimized index equity separately managed accounts (SMAs). It builds and manages personalized public equity portfolios for clients, enhancing BlackRock’s ability to offer tailored investment solutions.
1.8. Global Infrastructure Partners (GIP)
BlackRock closed its acquisition of Global Infrastructure Partners in October 2024, in a $12.5 billion deal. This acquisition created a world-leading infrastructure investment platform for private markets, managing over $170 billion in AUM when the deal closed. This strategic move solidifies BlackRock’s dominance in the infrastructure investment sector.
1.9. SpiderRock Advisors
BlackRock initially made a minority investment in SpiderRock Advisors in 2021, and then acquired the remaining equity interest in early 2024. SpiderRock enhances BlackRock’s ability to offer personalized SMAs, one of the fastest-growing product segments in the U.S. wealth industry. This acquisition aligns with BlackRock’s focus on providing customized investment solutions to its clients.
Infographic showing which companies are owned by BlackRock
2. BlackRock’s Strategic Minority Investments
In addition to its wholly-owned companies, BlackRock has made several strategic minority investments. These investments often serve as a stepping stone for potential future acquisitions and allow BlackRock to gain insights into emerging markets and technologies. Let’s explore some of these key investments.
2.1. Acorns
In 2018, BlackRock invested in Acorns, the micro-investing app. Over the years, BlackRock has expanded its partnership and investment in Acorns and is now an anchor investor in the company. This investment allows BlackRock to tap into the growing trend of micro-investing and reach a younger demographic of investors.
2.2. iCapital
In 2020, BlackRock increased its stake in iCapital, a leading technology platform for alternative investments. BlackRock is now the largest minority investor in iCapital. This investment aligns with BlackRock’s strategy of expanding its presence in the alternative investment space and leveraging technology to enhance its offerings.
3. Potential Future Investments for BlackRock
BlackRock is an active acquirer, consistently making tactical acquisitions to expand its investment management platform. The company has a well-defined strategy for inorganic investments, focusing on building out its platform capabilities and making strategic minority investments in companies it could potentially acquire in the future.
3.1. Prequin
In mid-2024, BlackRock agreed to buy Prequin, a leading independent provider of private markets data, for $3.2 billion in cash. This acquisition will expand its tech business into the rapidly growing private market’s data sector. Access to comprehensive and reliable data is crucial for making informed investment decisions, and Prequin’s data platform will provide BlackRock with a competitive edge.
3.2. HPS Investment Partners
In December 2024, BlackRock agreed to buy HPS Investment Partners, a leading global credit investment manager, for $12 billion in stock. The deal will create an integrated private credit franchise with $220 billion in client assets. This acquisition reflects BlackRock’s confidence in the growth potential of the private credit market and its commitment to providing clients with a full range of investment options.
3.3. Alternative Investment Companies
Given the expected growth in AUM in the alternative investments sector, it wouldn’t be surprising to see BlackRock acquire more companies in this space. According to a forecast by Preqin, the alternatives industry will nearly double its AUM by 2030, reaching $30 trillion. BlackRock sees private credit more than doubling during that period, growing from $1.7 trillion to over $4.5 trillion.
BlackRock could capitalize on this growth by acquiring companies like Carlyle Group or Apollo Global Management to better compete against leading alternative asset managers like Blackstone, Brookfield Asset Management, and KKR. These potential acquisitions would significantly strengthen BlackRock’s position in the alternative investment market.
3.4. Technology-Focused Start-Ups
With retail investors increasingly allocating more of their portfolios to alternative investments, BlackRock might seek to acquire a more technology-focused start-up catering to retail investors. Companies like CrowdStreet, EquityMultiple, Fundrise, Republic, or YieldStreet offer private real estate, private credit, venture capital, and other alternative investment opportunities to individual investors.
By acquiring or investing in these types of companies, BlackRock could tap into the growing demand for alternative investments among retail investors and further diversify its client base.
3.5. Increasing Stakes in Existing Investments
BlackRock has a history of making strategic minority investments and then eventually acquiring the remaining stake in those companies. The company made a minority investment in SpiderRock in 2021 and then agreed to acquire the remaining stake in 2024. It has several strategic minority investments, including iCapital and Acorns. It could eventually acquire the remaining interests in those companies to further consolidate its market position.
BLK companies owned
4. Understanding BlackRock’s Role in Asset Management
It is important to understand BlackRock’s primary role as an asset manager to dispel some common misconceptions. While BlackRock is often one of the top shareholders in many large U.S. companies, it manages those shares on behalf of clients in its ETFs and other investment products. The clients, not BlackRock, are the actual equity owners in the companies and other assets BlackRock manages.
4.1. Asset Management Explained
Asset management is a service offered by financial companies to oversee their clients’ financial assets. Many asset managers decide how to administer a client’s assets based on their investment strategy. BlackRock manages assets on behalf of retail, institutional, and exchange-traded fund (ETF) clients, ensuring their investments are aligned with their financial goals and risk tolerance.
4.2. BlackRock’s Balance Sheet
BlackRock is a massive company with significant assets on its balance sheet, totaling $132 billion at the end of the third quarter of 2024. However, direct equity investments from its balance sheet into other companies it doesn’t own were only $10.5 billion. While BlackRock will seed new funds with balance sheet capital and co-invest in others, these investments are relatively small compared to the vast amount of assets it manages on behalf of its clients.
5. BlackRock and Landscaping: An Unexpected Connection
While BlackRock’s primary focus is on investment management, there’s an indirect connection to industries like landscaping through its investments in real assets and infrastructure. For homeowners, landscape designers, and contractors in the USA, understanding this connection can open up new perspectives on investment and property value.
5.1. The Role of Real Assets in Landscaping
BlackRock’s investments in real assets, including real estate and infrastructure, can influence the availability and cost of materials used in landscaping. For example, investments in quarries and natural stone suppliers can affect the supply chain for materials like granite, slate, and flagstone. These materials are popular choices for creating stunning rockscapes and adding value to residential and commercial properties.
5.2. Rockscapes and Property Value
Landscaping plays a crucial role in enhancing property value and curb appeal. High-quality rockscapes, designed with natural stones and innovative techniques, can significantly increase a property’s aesthetic appeal and market value. Homeowners in areas like Arizona, where natural rock formations are prevalent, can leverage these features to create unique and visually appealing landscapes.
5.3. Integrating Rockscapes with Landscape Design
Landscape designers and architects are increasingly incorporating natural rock elements into their designs to create sustainable and visually striking outdoor spaces. By understanding the sources and supply chains for these materials, professionals can make informed decisions about material selection and project planning. Rockscapes.net provides a wealth of information on the types of rocks suitable for landscaping, design ideas, and installation tips.
5.4. BlackRock’s Influence on Sustainable Practices
BlackRock’s growing emphasis on sustainable investing also has implications for the landscaping industry. Sustainable landscaping practices, such as using locally sourced materials and implementing water-efficient designs, are becoming more popular. As BlackRock invests in companies that prioritize environmental sustainability, these practices are likely to gain further traction in the landscaping sector.
6. BlackRock and Rockscapes.net: A Synergistic Relationship
While BlackRock’s focus is on financial investments, platforms like rockscapes.net concentrate on providing resources and inspiration for creating beautiful and sustainable landscapes. There is an interesting synergy that can benefit individuals involved in landscape design and property improvement.
6.1. Accessing Design Ideas and Information
Rockscapes.net serves as a valuable resource for homeowners, landscape designers, and contractors seeking design ideas, material information, and installation guides. The website offers a wide range of articles, images, and videos showcasing innovative rockscape designs and providing practical tips for creating stunning outdoor spaces.
6.2. Expert Advice and Consultation
For those looking to take their landscaping projects to the next level, rockscapes.net offers expert advice and consultation services. Whether you need help selecting the right types of rocks for your project, designing a custom rockscape, or finding a reliable contractor, the team at rockscapes.net is there to assist you.
6.3. Connecting with Local Suppliers and Contractors
Rockscapes.net also helps connect homeowners and professionals with local suppliers and contractors who specialize in rockscapes and natural stone installations. By partnering with reputable businesses in the industry, rockscapes.net ensures that clients have access to high-quality materials and skilled labor for their projects.
6.4. Overcoming Landscaping Challenges
Rockscapes.net addresses common challenges faced by homeowners and professionals in the landscaping industry. These include selecting the right materials for different climates, estimating material quantities, and ensuring proper installation techniques. The website provides detailed guides and resources to help overcome these challenges and achieve successful landscaping outcomes.
7. Challenges Faced by Customers in Landscaping
Customers often face several challenges when planning and executing landscaping projects. Understanding these challenges can help businesses like rockscapes.net better serve their clients and provide tailored solutions.
7.1. Selecting the Right Type of Stone
One of the primary challenges is choosing the right type of stone for a specific design and climate. Different stones have different properties and aesthetic qualities, making it essential to select materials that are both visually appealing and durable. Rockscapes.net offers detailed information on various types of stones, including granite, slate, and limestone, to help customers make informed decisions.
7.2. Finding Reliable Suppliers
Finding reliable suppliers of high-quality natural stones can also be challenging. Customers need to ensure that they are sourcing materials from reputable businesses that offer competitive prices and consistent quality. Rockscapes.net helps connect customers with trusted suppliers in their local area.
7.3. Estimating Material Quantities
Accurately estimating the quantity of stone needed for a project is crucial to avoid overspending and material waste. Rockscapes.net provides tools and guides to help customers calculate the required amount of stone based on the dimensions of their project.
7.4. Ensuring Proper Installation
Proper installation is essential for the longevity and aesthetic appeal of rockscapes. Customers need to follow best practices for preparing the ground, laying the stones, and ensuring proper drainage. Rockscapes.net offers step-by-step installation guides and advice from experienced professionals.
8. How Rockscapes.net Helps Customers
Rockscapes.net provides a range of services to help customers overcome these challenges and create stunning landscapes.
8.1. Detailed Information on Stone Types
The website offers detailed information on various types of stones commonly used in landscaping, including their properties, applications, and aesthetic qualities. This information helps customers select the right materials for their projects.
8.2. Design Ideas and Inspiration
Rockscapes.net showcases a wide range of design ideas and inspiration for creating beautiful rockscapes. Customers can browse through images and videos of completed projects to get ideas for their own landscapes.
8.3. Step-by-Step Installation Guides
The website provides step-by-step installation guides that cover all aspects of rockscape construction, from preparing the ground to laying the stones. These guides are designed to help both DIY enthusiasts and professional contractors ensure proper installation techniques.
8.4. Connection to Local Suppliers and Contractors
Rockscapes.net connects customers with local suppliers and contractors who specialize in rockscapes and natural stone installations. This ensures that customers have access to high-quality materials and skilled labor for their projects.
8.5. Expert Advice and Consultation
The website offers expert advice and consultation services to help customers with their landscaping projects. Whether you need help selecting the right materials or designing a custom rockscape, the team at rockscapes.net is there to assist you.
9. Integrating E-E-A-T and YMYL Standards
To meet the standards of Expertise, Experience, Authoritativeness, and Trustworthiness (E-E-A-T) and Your Money or Your Life (YMYL), it’s crucial to provide accurate, reliable, and expert-backed information. Rockscapes.net achieves this by:
9.1. Expertise
Featuring content created by experienced landscape designers, geologists, and contractors. This ensures that the information provided is accurate, practical, and based on real-world experience.
9.2. Experience
Showcasing case studies and project examples that demonstrate the practical application of rockscape designs and techniques. This provides readers with tangible evidence of the effectiveness and durability of different landscaping approaches.
9.3. Authoritativeness
Referencing reputable sources, such as geological surveys, landscaping associations, and academic research, to support the claims and recommendations made on the website. This enhances the credibility and trustworthiness of the information.
9.4. Trustworthiness
Providing transparent information about the authors, contributors, and the editorial process behind the content. This builds trust with readers and demonstrates a commitment to accuracy and reliability.
10. Frequently Asked Questions (FAQs) About BlackRock’s Ownership
10.1. What companies are owned by BlackRock?
BlackRock has acquired several companies over the years, including Barclays Global Investor, which included iShares, the popular ETF platform. The investment manager also owns eFront, Kreos Capital, Aperio, Merril Lynch Investment Management, SpiderRock, and Global Infrastructure Partners. In addition, it agreed to buy Prequin and HPS Investment Partners in 2024. Contrary to popular belief, BlackRock doesn’t directly own shares in major corporations, single-family homes, or infrastructure. It manages these investments in its funds and other investment products on behalf of clients.
10.2. Does BlackRock own Coca-Cola?
Coca-Cola is a publicly traded company owned by its shareholders. Warren Buffett’s company, Berkshire Hathaway, owns 9.3% of Coca-Cola’s outstanding shares, making it its top shareholder. Coca-Cola was Berkshire’s fourth-largest stock holding in early 2025 at 8.5% of its investment portfolio. BlackRock was the third-largest holder of Coca-Cola stock at 4.9%. However, BlackRock doesn’t own those shares directly. It manages them on behalf of its clients, including those of its passive ETFs. For example, BlackRock-managed iShares Core S&P 500 ETF owned 1.1% of Coca-Cola’s outstanding stock.
10.3. Is BlackRock the richest company in the world?
BlackRock is not the richest company in the world. Apple was the largest company by market cap in early 2025 at $3.7 trillion. BlackRock clocked in at No. 97 with a $147.7 billion market cap. Although the investment firm managed $11.5 trillion in assets, those were client funds, not assets owned by BlackRock.
10.4. How does BlackRock make money?
BlackRock primarily generates revenue through management fees it charges for managing assets on behalf of its clients. It also earns revenue from technology services and other related offerings.
10.5. What is BlackRock’s investment strategy?
BlackRock employs a variety of investment strategies, including active management, passive management, and alternative investments. Its goal is to provide clients with a range of investment solutions that meet their specific needs and objectives.
10.6. How does BlackRock influence the stock market?
As one of the world’s largest asset managers, BlackRock’s investment decisions can have a significant impact on the stock market. Its trading activities and investment strategies can influence stock prices and market trends.
10.7. What are the benefits of investing in BlackRock’s ETFs?
BlackRock’s ETFs offer investors a convenient and cost-effective way to diversify their portfolios and gain exposure to a wide range of asset classes and markets. ETFs can be traded like stocks and offer low expense ratios compared to actively managed mutual funds.
10.8. How does BlackRock incorporate ESG factors into its investments?
BlackRock has been increasingly focused on incorporating environmental, social, and governance (ESG) factors into its investment decisions. It believes that ESG considerations can help improve long-term investment performance and mitigate risks.
10.9. What are BlackRock’s future growth prospects?
BlackRock is well-positioned to benefit from the continued growth in the asset management industry. Its diverse range of investment solutions, global reach, and strong technology platform provide a solid foundation for future growth.
10.10. How can I invest in BlackRock?
Investors can invest in BlackRock by purchasing shares of its stock (BLK) or by investing in its various investment products, such as ETFs and mutual funds. Consult with a financial advisor to determine the best investment strategy for your specific needs and goals.
Conclusion
Understanding what companies BlackRock owns provides valuable insights into the firm’s strategic direction and investment philosophy. While BlackRock manages a vast amount of assets on behalf of its clients, it also strategically acquires companies to enhance its investment management and technology capabilities.
For those interested in exploring the intersection of finance and real assets, visit rockscapes.net. Discover design ideas, material information, and expert advice to enhance your landscaping projects and increase your property value. Contact us at 1151 S Forest Ave, Tempe, AZ 85281, United States, or call +1 (480) 965-9011. Explore the beauty and potential of rockscapes today!
