Larry Fink wants more Americans investing in private markets alongside stocks and bonds.
The billionaire BlackRock chief executive says he wants individuals to have better access to the menu of private and less-liquid investments that have long been core holdings of pensions, endowments and other institutions. Making it easier to own a slice of private loans, real estate or infrastructure such as ports or data centers is one of several ways investing could be further democratized, helping address a growing retirement-savings crisis, Fink says.
