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BlackRock Hauls in $205 Billion as Private Assets Accelerate

(Bloomberg) — BlackRock Inc. (BLK) pulled in 205billionofclientmoneyinthethirdquarterastheworldslargestfundmanagerexpandeditsfootprintinprivatecreditandalternativeassets.Investorsadded205 billion of client money in the third quarter as the world’s largest fund manager expanded its footprint in private credit and alternative assets. Investors added 153 billion on a net basis to stock, bond and other exchange-traded funds — which topped $5 trillion for the first time — reflecting the massive growth of the products this year, New York-based BlackRock said in a statement Tuesday. Most Read from Bloomberg Net flows to long-term investment fun ...