BlackRock, Inc.

BlackRock, Inc.

BlackRock, Inc.

Overview
Date Founded

1988

Headquarters

40 East 52nd St, New York, NY 10022 USA

Type of Company

Public

Employees (Worldwide)

13.9K

Industries

Investment Services & Portfolio Management
Investment Banking & Brokerage

Company Description

BlackRock is trusted to manage more money than any other investment firm. Their business is investing on behalf of their clients — from large institutions to parents and grandparents, teachers, nurses, doctors and people from all walks of life who entrust their savings to them. They are passionate about their work and intensely focused on performing at the highest levels. To get there, they strive to out-think and out-work competitors and find the best balance of risk and return across all investment styles on behalf of their clients.

Executives & Employees

Co-Founder

Co-Founder

Founder, Chairman & Chief Executive Officer

Executive Director, BlackRock Retirement Institute

Chief Financial Officer

Chief Legal Officer, Senior MD & General Counsel

Managing Director & Deputy General Counsel

Global Chief Compliance Officer

Global Chief Compliance Officer

Senior Managing Director & Chief Risk Officer

Board of Directors

Founder, Chairman & Chief Executive Officer at BlackRock, Inc.

Co-Founder at BlackRock, Inc.

President & Chief Executive Officer at Estee Lauder Cos., Inc.

Chief Executive Officer at General Atlantic Service Co. LLC

President & Chief Executive Officer at The PNC Financial Services Group, Inc.

Board Partner at 8 Partners

Member, Executive Leadership Team at UJA-Federation of New York

President at Fundación Carlos Slim Helú AC

Chairman & Chief Executive Officer at Cisco Systems, Inc.

General Manager & Chairman at Arab Fund for Economic & Social Development

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BlackRock, Inc.
Owners & Shareholders
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PNC Bank's wealth management division provides access to ETFs and mutual funds, separately managed accounts and advanced investment solutions, as well as individual debt and equity securities.

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Capital World Investors (CWI) employs a long-term, value-oriented global investment approach and a multiple portfolio manager system that combines teamwork and individual accountability. The firm is committed to maintaining low operating expenses, among the lowest in the fund industry. They utilize fundamental research to gather in-depth information on markets and companies around the world.CWI employs a security-by-security approach to portfolio construction and emphasize long-term investments. Their strategies focus on determining the difference between the fundamental value of a company and its price in the marketplace.CWI offers a wide variety of equity, fixed-income and balanced investment strategies. Their strategies are categorized as global, multi-regional and regional investment strategies.

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Wellington Management Co.'s investment approach is based on proprietary research. The firm's specialized portfolio management teams utilize in-house research to invest according to the investment philosophy, objective and process of each specific strategy. Portfolios are actively-managed based on the weight of the industry in the benchmark and using the best ideas from the firm's coverage universe. Wellington's investment strategies combine the use of fundamental research with quantitative valuation techniques.Wellington's equity and fixed-income investment selections are supported by global industry, regional and macroeconomic experts. Quantitative, technical, style and specialty research teams also contribute to the firm's equity investment processes. Wellington's fixed-income investment approach is based on credit, sovereign, quantitative and sector-based analysis. They seek to ensure that bottom-up investment decisions are made by also considering relevant top-down factors, and vice-versa.Wellington manages both regional and multi-currency multi-sector portfolios. Portfolios cover the duration spectrum from money market and short-term bonds to intermediate and market duration, core and core bond plus portfolios. The firm also invests in specific sectors including high yield, corporate, mortgage-backed, emerging markets and municipal bond portfolios.

Recent Transactions
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BlackRock, Inc. purchases Tennenbaum Capital Partners LLC

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Blackrock Real Assets, BlackRock, Inc. purchase Everpower Wind Holdings, Inc. /Operating Wind Assets from EverPower Wind Holdings, Inc.

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BlackRock, Inc. purchases Banco Nacional de México SA /Asset Management Business from Citigroup, Inc.

Transaction Clients
Investment Advisor

Advised on Fidelity National Information Services, Inc. purchases eFunds Corp.

Investment Advisor

Advised on Arventia Holding Glass SRL purchases Fonderie Valdelsane SpA

Lender

Advised on ENGIE SA purchases SolaireDirect SA from Aster Capital Partners SAS, Demeter Partners SA, TechFund Capital

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBlackRock, Inc. purchases Merrill Lynch Investment Managers, Inc. from Merrill Lynch & Co., Inc. (Inactive)

Auditor

Advised onBlackRock, Inc. issued Class A Voting Common Stock

Investment Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc

Investment Advisor

Advised onBlackRock, Inc. purchases Merrill Lynch Investment Managers, Inc. from Merrill Lynch & Co., Inc. (Inactive)

Legal Advisor

Advised onBlackRock, Inc. purchases Merrill Lynch Investment Managers, Inc. from Merrill Lynch & Co., Inc. (Inactive)

Legal Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc

Advisors & Consultants
Legal Advisor

Managing Partner at Proskauer Rose LLP

Legal Advisor

Partner at Proskauer Rose LLP

Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Clients
AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

MarketAxess brings over 10 years of unparalleled trading, market data and technology innovation to the global institutional credit markets. Electronic Credit Trading MarketAxess was formed in April of 2000 in response to investors' need for a single trading platform with easy access to multi-dealer competitive pricing in a wide range of credit products. MarketAxess has since expanded and deepened its trading network with North America's premier institutional investors, which include investment advisers, mutual funds, insurance companies, public and private pension funds, bank portfolios and hedge funds, and leading broker-dealers, both primary dealers and regional firms. MarketAxess offers dealers significant presence in secondary markets, providing a broad base of credit securities and deep pool of liquidity for our institutional investor clients. The U.S. trading system supports fully-disclosed electronic trading in high-grade corporate bonds, high yield/crossover bonds, emerging markets bonds, U.S. agency securities, structured products, preferred stock and credit default swaps (CDS). MarketAxess Europe Limited, the wholly-owned U.K. subsidiary of MarketAxess Holdings Inc., operates in London and first launched European secondary trading in U.S. dollar and Euro-denominated Eurobonds in 2001. Since then, the platform has added trading in other European credit products including bonds issued in Pounds, Sterling, and floating rate notes (FRNs) and has since successfully expanded into sovereigns, supras, agency and covered bonds. MarketAxess Europe Limited was the first platform in Europe to offer this capability for corporate bonds. As of 2006, European institutional clients can access U.S. credit liquidity, provided they have established trading relationships with U.S. dealers. In 2010, MarketAxess expanded its credit trading platform to include institutional investors in the Asia Pacific region. Central banks, sovereign wealth funds, pension funds and asset and wealth managers are able to trade U.S. and European corporate bonds, Asian credits, emerging markets bonds and CDS with MarketAxess' global network of broker dealers. MarketAxess is a Recognized Market Operator in Singapore and an Authorized Automated Trading Service in Hong Kong. MarketAxess maintains its headquarters in New York and has offices in London, Chicago and Salt Lake City, Hong Kong and Singapore

PNC Financial Services Group, Inc. engages in the provision of diversified financial services, including retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-backed lending; wealth management and asset management. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers within its primary geographic markets. The Corporate & Institutional segment provides lending, treasury management, and capital markets-related products and services to mid-sized corporations, government and not-for-profit entities, and selectively to large corporations. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a broad range of investment, risk management and technology services to institutional and retail clients worldwide. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Key Stats and Financials As of 2017
Market Capitalization
$83.9B
Total Enterprise Value
$82.9B
Earnings Per Share
$30.23
Revenue
$12.7B
Net Profit
$4.97B
EBITDA
$5.7B
EBITDAMargin
45.05%
Total Debt
$5.01B
Enterprise Value Sales
6.55x
TEVNet Income
16.68x
Debt TEV
0.06x
Total Equity
$32.3B
Enterprise Value EBITDAOperating
14.54x
Three Year Compounded Annual Growth Rate Of Revenue
4.13%
Five Year Compounded Annual Growth Rate Of Revenue
5.98%
Investments
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Extraction Oil & Gas, Inc. operates as an independent oil and gas company, which focuses on the acquisition, development and production of oil, natural gas and NGL reserves. The company was founded by Mark A. Erickson, Matthew Owens and Jesse Silva in December 2012 and is headquartered in Denver, CO.

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Broadview Networks Holdings, Inc. engages in the provision of communication services and information technology (IT) solutions to small and medium sized businesses and enterprise customers. It provides cloud services, professional IT services, and network access and other services. Its products and services includes hosted phone system, small business phone systems, by business need, by business size, by business industry, broadview fax, call center, call recording, virtual office, customer relationship connector, and high definition meeting. The company was founded by Terrence J. Anderson & Tracy Weil Korman in March 1996 and is headquartered in Rye Brook, NY.

Suppliers
MSCI, Inc. Accounting & Financial Services | Berkeley, CA

MSCI is a leading provider of investment decision support tools to around 7,500 clients worldwide, ranging from large pension plans to boutique hedge funds. We offer a range of products and services - including indices, portfolio risk and performance analytics, and governance tools - from a number of internationally recognized brands such as Barra, RiskMetrics, IPD and ISS. Located in 22 countries around the world, and, with over 2,700 employees, MSCI is dedicated to supporting the increasingly complex needs of the investment community with groundbreaking new products, high quality data, superior distribution and dedicated client support. Since the MSCI indices were launched over 40 years ago, the company has grown both organically and through acquisition to become one of the world’s leading players in the provision of products and services to institutional investors.

Harte Hanks, Inc. Internet Software & Services | San Antonio, Texas

Harte-Hanks, Inc. engages in the provision of marketing solutions. It specializes in consulting, data analytics, creative services, digital and social media, marketing strategy, marketing technology, and other related services. It supports a range of customers in the field of technology, travel and leisure, entertainment, pharmaceuticals, automotive, finance, and retail. The company was founded in 1923 and is headquartered in San Antonio, TX.

Arise AB Alternative Energy | Halmstad, HA

Arise AB engages in the construction and operation of turbines; development of onshore wind farms; and sale of renewable energy. It operates through the following segments: Own Wind Power Operations; Co-Owned Wind Power Operations; and Development and Management. The Own Wind Power Operations segment includes wind farms located in Southern Sweden. The Co-Owned Wind Power Operations segment refers to Jädraås project. The Development and Management segment develops. constructs, sells, and manages wind farms. The company was founded by Leif Jansson, Peter Nygren, and Ulf Corné in 2006 and is headquartered in Halmstad, Sweden.

Awards & Honors
Rank #250
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #250
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
Rank #6
2012
Hedge Fund Journal - 50 Largest US Managers
Sponsored by The Hedge Fund Journal