The company is doubling down on private credit and infrastructure, even after buying HPS Investment Partners last year.
In the first quarter alone, BlackRock added $14.6 billion into alternative assets, while equity and fixed income funds also saw solid inflows.
Despite some bumps in the private credit space, total assets under management only dipped slightly to $13.9 trillion, a sign of how broad and steady its business is right now.
Larry Fink said, "BlackRock delivered one of the strongest starts to a year in our history" and "Our results and growing pipeline of business show that when clients are making big decisions about their portfolios, they are choosing BlackRock."