Golden data on December 5th, Beilede (BLK.N) CEO Larry Fink has spent about $25 billion within a year to make Beilede one of the five major participants in the infrastructure and private credit sectors. Now, he is focused on retaining the latest talent for the company's expansion. In addition to acquiring HPS Investment Partners and Global Infrastructure Partners this year, Beilede has set aside $1.33 billion for retention, about $10 million per new employee. All of this is to ensure a record-breaking acquisition spree by Fink. Fink, who has long served as CEO, now has the main task of ensuring that dealmakers who build careers in small private companies have reason to stay at the world's largest asset management company.
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BlackRock sets aside $1.33 billion for talent retention, about $1 million per new employee
Golden data on December 5th, Beilede (BLK.N) CEO Larry Fink has spent about $25 billion within a year to make Beilede one of the five major participants in the infrastructure and private credit sectors. Now, he is focused on retaining the latest talent for the company's expansion. In addition to acquiring HPS Investment Partners and Global Infrastructure Partners this year, Beilede has set aside $1.33 billion for retention, about $10 million per new employee. All of this is to ensure a record-breaking acquisition spree by Fink. Fink, who has long served as CEO, now has the main task of ensuring that dealmakers who build careers in small private companies have reason to stay at the world's largest asset management company.