BlackRock has tripled its capital deployment into private assets in the Asia-Pacific to around US$3 billion a year, compared to US$1 billion in 2020.
Michael Dennis, BlackRock head of alternatives strategy and capital markets (Asia-Pacific), said: “To be a leading player in private markets, given our ambitions, we have to be present locally. That has been our push over the past four years… We’re really proud of the (capital) deployment. Because that reflects the change in the Asian business in the best way.”
