Martin Small, BlackRock's CFO, noted, "This is a revenue growth story." He emphasized the potential financial impact of acquiring Global Infrastructure Partners, projecting an addition of $250 million in management fees in the fourth quarter alone.
CEO Larry Fink addressed the conception of private strategies, stating, "We're not going to say they're alternatives because they'll just be part of the market." This indicates a shift in how private market investments are positioned in comparison to traditional public funding.
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