Larry Fink is pushing to rewrite investment norms by replacing the 60/40 portfolio with a model that includes private assets.
In his 2025 annual letter, BlackRock CEO Larry Fink emphasizes the critical role of infrastructure investment in driving economic growth and addressing climate change. He highlights BlackRock's commitment to investing in sustainable infrastructure projects, such as renewable energy and transportation, which he believes will create jobs, boost productivity, and help transition to a low-carbon economy. Fink also discusses the importance of public-private partnerships in financing these projects and calls for governments to create favorable policies and regulations to encourage private sector investment. Additionally, he touches on the need for companies to adapt to the changing energy landscape and the potential risks and opportunities associated with the transition to a more sustainable future.