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The world’s largest asset manager plans to raise $400 billion from clients by 2030 for its funds that invest in private equity, private credit, real estate, infrastructure and other so-called alternatives to public stocks and bonds.

CEO Larry Fink has shut down rumors of his exit from the firm, saying: I'm not planning to leave BlackRock anytime soon, so you don't have to have those questions later on. Fink, who co-founded BlackRock in 1988,