Breakingviews - BlackRock could be Carlyle''s succession strategy
Carlyle co-founder David Rubenstein once sounded like he had asset management envy. Interviewing BlackRock head Larry Fink in 2017, Rubenstein several times pointed out that Fink had created the world’s largest asset manager. BlackRock has only grown since, reaching over $10 trillion of assets under management at the end of last year and dwarfing Carlyle at around $380 billion. But now, Rubenstein’s firm has something that Fink may want.
Breakingviews - BlackRock could be Carlyle''s succession strategy
Carlyle co-founder David Rubenstein once sounded like he had asset management envy. Interviewing BlackRock head Larry Fink in 2017, Rubenstein several times pointed out that Fink had created the world’s largest asset manager. BlackRock has only grown since, reaching over $10 trillion of assets under management at the end of last year and dwarfing Carlyle at around $380 billion. But now, Rubenstein’s firm has something that Fink may want.