AUM: $491 Billion (private markets)
CEO: Larry Fink
HQ: New York, NY
What Changed: Since the 2024 scorecard analysis, BlackRock acquired Global Infrastructure Partners (GIP), which significantly altered the makeup of BlackRock’s energy portfolio in its private market investment strategy. BlackRock/GIP’s overall percentage of its energy portfolio in fossil fuel-based energy companies increased significantly, but since BlackRock exited a major upstream oil and gas drilling investment, its overall emissions decreased. As of July 2026, BlackRock’s GIP, alongside EQT, the California Public Employees’ Retirement System (CalPERS), and the Qatar Investment Authority, was in the process of acquiring AES Corporation. AES is a global energy and utility company with a portfolio including over 20 power plants and electric utilities including AES Indiana and AES Ohio.
