The firm anticipates that private investment and technology businesses will contribute over 30% of its revenue by 2030.

BlackRock has set an ambitious $400bn fundraising target for its private investment businesses, as executives laid out a plan to almost double the market value of the world’s largest asset manager by 2030.

BlackRock BLK is targeting $400 billion in private markets fundraising by 2030. In its investor presentation, the firm predicted that the private credit market could expand to $4.5 trillion in 2030 from $1.