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BlackRock Completes Acquisition of ElmTree Funds

1. BlackRock acquires ElmTree Funds to enhance its Private Financing Solutions. 2. ElmTree's expertise will improve BlackRock's investment offerings for long-term clients.

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-2.78%Current Return
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-0.63%S&P 500
$1127.1409/02 08:21 AM EDTEvent Start
$1095.76209/03 03:07 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition consolidates BlackRock's position in a growing financial sector, reminiscent of their successful acquisitions like Credit Suisse's ETF business in 2019. Integrating ElmTree strengthens BlackRock's service breadth, potentially increasing asset inflows.

How important is it?

The acquisition directly enhances BlackRock's service capability, which is essential for future growth and competitive advantage, and positions it favorably in the evolving financial landscape.

Why Long Term?

Enhancements from this acquisition will compound over time as clients increasingly seek long-dated investments, similar to how past acquisitions supported BlackRock's steady growth trajectory.

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SPYIVVVTI
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) has successfully completed its acquisition of ElmTree Funds (“ElmTree”). The addition of ElmTree will further elevate BlackRock's Private Financing Solutions (PFS) platform as one of the industry's premier providers of comprehensive solutions for companies and investors alike. As a leader in the commercial net-lease sector, ElmTree will accelerate PFS's efforts to scale its range of investment solutions for clients looking for long-dated co.

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