Thursday, December 22, 2022

Fink Decided Carlyle an Ill Fit

BlackRock passed on buying a CEO-less Carlyle Group.  

BlackRock, the world's largest asset manager, had been considering acquiring Carlyle, to expand into alternative assets, but decided against pursuing it, three people with knowledge of the talks told FT. The size of the deal, the firm's turmoil, and a cultural mis-match played parts in the decision, they said.

It would have been fitting to have a Fink as head of Carlyle. 

Update 12-29-22:  BlackRock passed on Carlyle but is all in on Ukraine.