BlackRock’s Private Markets Push Reportedly Drove Pay Bump For Senior Leadership — How Much Is The Premium?

• Meanwhile, President Rob Kapito was paid $25.7 million, CFO Martin Small received $13.6 million, and Chief Operating Officer Rob Goldstein was paid $15.6 million.
• Last year, BlackRock drew $698 billion in inflows and surpassed $14 trillion in assets under management. 
• BlackRock recently capped redemptions from its HPS private credit fund after receiving $1.2 billion in first-quarter withdrawal requests, about 9.3% of the fund’s net asset value.

BlackRock Inc. (BLK) CEO Larry Fink reportedly received $37.7 million in compensation in 2025 even as the asset management firm bet big on private markets.

According to a report from Bloomberg, the hike represented an increase of about 23% from a year earlier. As per the report, Fink was given additional pay perks last year, known as carried interest, which was tied to the company’s expansion into private markets. Under this arrangement, Fink will receive a percentage of carry distributions linked to a basket of BlackRock’s private investment funds, though its value remains undisclosed.

Meanwhile, President Rob Kapito was paid $25.7 million, CFO Martin Small received $13.6 million, and Chief Operating Officer Rob Goldstein was paid $15.6 million.

Private Market Push

Last year, BlackRock drew $698 billion in inflows and surpassed $14 trillion in assets under management. For the fourth quarter of 2025, the company clocked a net $342 billion of total client cash.

To accelerate its private market buildout, the firm has spent about $28 billion acquiring Global Infrastructure Partners, HPS Investment Partners, and Preqin, while targeting $400 billion in additional private market fundraising by 2030.

However, the strategy is facing early stress signals. BlackRock recently capped redemptions from its HPS private credit fund, HLEND, after receiving $1.2 billion in first-quarter withdrawal requests, about 9.3% of the fund’s net asset value, up sharply from 4.1% in the prior quarter. The firm limited payouts to roughly $620 million, or about 5% of NAV.

The move places BlackRock alongside Blue Owl Capital and Blackstone Inc. (BX), which have also faced pressure in private credit markets in recent weeks.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around BLK stock was in the ‘bearish’ territory at the time of writing, while message volume was at ‘normal’ levels.

Shares of BLK have declined nearly 14% this year.

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