The move could see execs eventually earn millions in payouts for BlackRock’s top-paid private markets executives if funds perform exceptionally well over the next decade. The firms are vying not just for investors and funds, but for the best private markets athletes to manage and oversee investments. To round out its alts offerings, BlackRock closed a deal to buy private markets data provider Preqin in 2025 for another $3.2 billion. They come in the form of carried interest distributions via a pool of the asset manager’s flagship private markets funds. The executive carry program follows the adoption of a similarly structured program last February for Fink, BlackRock’s CEO and chairman.