you, good and morning thanks joining Thank call. the Martin, to for everyone, and
we our That's history has a of regimes. we across Throughout to a platform differentiated We to the BlackRock help capabilities deliver as firm entire to BlackRock's outcomes. long-term factor together clients, leadership. our deliver listen evolve them and outcomes we them, them client the their to and industry-leading achieve fiduciary, market bring defining been as serving
management our at and for the Day heard platform are Investment have asset technology product, brings that sole our services, BlackRock together managers in owners. clients' in investment you strategy asset envision many As month, Manager solve to and we Cloud the of to We be asset needs. last for building Investor technology
our industry-leading clients in continued BlackRock's confidence long-term performance. our reflect results
in XXXX, as sustained quarter, net billion the delivering of base from traditional clients half reflecting organic including are $XXX fee We industry inflows BlackRock second persistent and flows wealth regions. first asset logs across total growth institutional billion the and of the in $XX even growth management outflows. positive generated
shareholders. Aladdin processes we to again strong We revenues investment grew for clients services our And delivered as technology leverage margin and ACV support fees. our
and the in Our to of scaled while which allows a seven maintaining XX expanded technology us years. growth, last platform margin, future for invest we differentiated
first markets of I over their broad increase Organic It's performance XXXX. fewer of a are managers. clients, why foreign I record had achieve with all expectations expanding. to outcomes. growth hear the with led range track are to combined help And in billion alongside Clients $XXX business months doing of with asset strong positive them exchange are six movements integrated as an their seeking clients more desired in speak a AUM managers services BlackRock's and
index, investment proprietary flow value and ability index strategies, performance private they active private and or BlackRock's markets, of unparalleled both our and alpha in the need breadth in deliver tracking ETFs. confident investment are and proper which through public in regions, to and span Clients markets active deal durable
their can them Through strong and to the clients performance, we enables better of our better operational liabilities, stakeholders. needs match objectives, help This own address diversification processes. and long-dated their achieve streamline their their
and about helps platform we they're benefit products, could for Today, portfolios, That business part the which to creates enormous portfolio beyond organization. BlackRock's about we transformation, growth than client they're greater ourselves are conversations often our around from they how organizing BlackRock product evolution one BlackRock intentionally ensure any and from of platform more scale. one is the clients, potential move deliver to
landscape, geopolitical a to shaping the chains, developed of fragmented number are be and world, long-term, the facing a to landscape economy, causing the policies, with over lower forces all a time. supply forces aging carbon are monetary fiscal rewiring of over structural a in inflationary and transition now complex include which likely Investors and these of competing returns a population
This potential has a and and margins equity sharp some enhance tradeoff market between a will has sectors. fueled potential year in could technology a hope economic meantime, believe gain may U.S. I widespread AI inflation, by to damaging firms be transform been adoption. intelligence that banks living that artificial technology down rally with few and/or but a the It just continue inflation productivity activity. huge across bring to face
for insights Against BlackRock to our this capabilities. investing, implement manage risks, capture ETF, to provide private combination BlackRock to technology, enterprise of turning market are to and them and help opportunities, platform, and technologies. backdrop, are Clients new active advisory clients alongside choosing to
ETF investments. cuts of world the in products franchise access to market Our client's the to and across provide horizontally expanding platform ecosystem
in to as because than to of transparency, just delivering clients by generating by is XXXX, liquidity number This bond and AUM the to trillion triple ETFs benefits XXXX. and in $X.X captured we the second one These net fixed at quarter of net institutional both continued BlackRock an and for more industry access, income, pace. generational demand such iShares opportunities because accelerating inflows. wealth bond not $XX but also of our bond share was aim led industry-leading for flows of the inflows billion ETFs ETF ETF are
in will bond ETF modernizes market and opportunities BlackRock bond income. continue significant as drive innovation and as to investors growth moved the capture fixed to
more with Our to kinds business than increase efficiently is evolving conveniently transparency of more to before. ETF ever and access markets more all
in with to launch history We ETF through ETFs. is capabilities. seed and to transition solution. recently our billion global clients in focus commitment example the nearly innovative completed launch connected and our with client the BlackRock access on The we as largest breadth another leading choice of two transition our ETF The to was $X capital of launch provide ETF execute
this index of many ETFs blending within active will we launched Our the talk often of clients wrapper. the our In in markets ETFs be These and portfolio focused leveraging tools Tony used how are about ETF cash. actively led two advisors increasingly DeSpirito. our active are clients ETFs for also investors We being Rick private ETF index and by and and types access are to outcomes manifests Rieder all to on insights benefits gain by May, active active and structure. to great managers
Clients last performance, excellence. income franchise, our durable Across XX% for and medium XX% above client multiple has performance. our across equities choose years. dimensions, BlackRock the BlackRock AUM with of investment This and or active benchmark for is five operational fixed service taxable investment peer and fundamental delivered including performance
market the us access our possesses need. clients global our connectivity, position, alpha our our technology, deliver Our to scale,
and performance saw net has strong differentiated in combined Our of We in $XX active half industry portfolio expertise BlackRock investment first the construction active market. billion XXXX inflows with of in asset outflows. compared as to the allocation,
for reach. of will our our capital to we're and We're growing private also expand in funds, new global inorganic and we clients we scaling markets, have unlocking organically and $XX transactions markets successor of where through at billion launches, further opportunities capabilities committed private times, execute our in
end, the means this in of of announced differentiated global of acquisition Capital, BlackRock's network deal To Europe. venture thing debt recently they their market our private to for When is, deals talk capital could and and data our allocations, about select flow. proprietary for planned one a analytics, we relationships, adaptable our the Kreos source manager's we provider clients number looking clients. leading unique flexible we financing they're
In for fund companies. our doing so, deliver we our value portfolio clients and
excellent a to capital private due can of example the Kering acquired last is the had COVID Creed they acquisition team proprietary the during the to depths outcomes May of to announced long-term strength sourcing, entered our be the XXXX buyer, of strategic month our LTPC and that Creed Our sell of capabilities. that value-creation in underwriting, achieved we proprietary in agreement lockdown, company and Beaute.
investor more the levers accelerate month's as BlackRock long-term business for during had is help an multiple was that team Creed conviction LTPC expected And extraordinary the even agreement, last with value-creation the that growth fund with significant for that The clients. pandemic. a would our partner. now client with is and BlackRock often company trusted a offer find friendly capital is realize than to global one I a trusted relationships. the
whether or industries. early invested and Companies cycles invest or uniqueness through pre-IPO our our debt We we the expertise reach, stay markets our and global equity brand, a through across and of can post-IPO. it's recognize
want valued proprietary companies We partner our clients are BlackRock enables this to a and work and to origination. with these
focusing deal flow We and markets into our are on across tapping classes infrastructure. and private our especially asset credit
bringing is the operate. and underlying Our our benefits clients which economy projects to in investment real communities the connectivity across both
clients our around with is in world. markets JV the Jupiter invested GigaPower local leadership United we our largest as in which the AT&T of in strengthening Power, investing. a with meet States, profile the In storage of how result and I in battery Texas. operates fleets partnered As infrastructure one I hear and
or And grid-scale Akaysha is building reach whether Korea it's from few battery South in our is facility, a examples. expand this in the These most Energy, relationships evident our just our the are FirstAir Waratah world's world in the new continue around recent which largest investments, Australia. battery to ways, storage
shareholders. which and is from leading Our growing deal growth clients more BlackRock you, opportunities, will and deliver investments our these for profile larger to to
BlackRock technology Aladdin. of combined by way. public offer outcome-oriented, is both future is seamlessly of and future the only digital-enabled portfolio can the private the a and and investments markets. that eFront in life customized, customized and portfolio the portfolio through company in technology providing is The the bringing to Aladdin
growing place. technology. Combining volatility enterprise Market record, need performance, management portfolios risk and in the one of cost risk accounting, complexities investment the underscore and operating management, book in pressures optimizing all and and data, whole of
that value XX% consolidating the Aladdin. the portfolios XX over more asset technology The are are is managers, months, last much from looking end-to-end clients to platform value of came contract our new And with with way of their of integrated same do annual clients expansion In existing resonating. Aladdin's fewer the relationships.
say enabling to ecosystem, portfolio rates a extending our and through more only pleased high data innovation. we're remain addressable retention adjacent also I'm drive that clients XX%. empowering very even And not tackling We're We're Aladdin's bigger capabilities, offerings. by into Aladdin to at opening whole expanding markets
ecosystem and creating providers are integration We third-party technology solutions. with deep
the recently latest is example. Our partnership Avaloq with announced
to the recurring with higher outsourcing Wealth our Aladdin for and SaaS technology greater agility are components enable our Aladdin increasingly are engineering for delivering We Aladdin look in partners, future business and shareholders. more fewer clients will of clients core as do revenues for relationships.
a a past offices. the pension expertise across recognize just or much our all family are and success number charities Our not in funds but the solutions clients. multibillion-dollar large I bringing get of over and dialog headline and the managers more mandates and of clients significant more with but endowments attention, several insurers, wealth outsource years also to segments, we're catalyzing
provide institutional in and Second NSA Private Bank in including last -- week, of and family selected investment outsourcing, risk solutions, management wealth continued technology. SMAs, solutions, Quintet office an quarter they announced, results advisory expanded models, BlackRock and to and set particularly momentum
platforms and help Whether with another services. as management they that provide other of own This clients and are industries, technology performance are how and asset example their business to BlackRock relationships clients or grow consolidating to integrated them multitude that. and we it's a is scale of they turning moving strong their do
trend results, in and in as our platform for entity and result to turn the forefront business services. model direct BlackRock this of clients is our for employees and of dedicated our invested results built to leadership our and and are increasingly resonating this momentum leading a Prior be intentionally BlackRock performance team.
Our success one as been built has to BlackRock, our that leadership team to power is the technology. this one delivering over our XX is hyper-connected last on one of platform clients. our with fully connected to steadfast culture operate one the years on commitment the using clients It platform
We collaboration are us our a to The growth. have horizontal hyper-connected essential leadership team. make and success and leaders their
BlackRock leave on, are our on goal we achieve move today, future this that. I As to planning I going my Day, even soon, that always next identifying said and in Investor am our a the in Kapito at when taken ensure building are been company, highly than is to and developing and Rob better leadership no but not I'm view anytime is different. leaders. focused our In developing our confident it to long-term talent hands is and as have of generation I Board we and BlackRock's always approach I
to of part that long-term also grant one interest and stability strategic We strategy. initiative shareholders, Featuring recent as seek one-time this represent for vesting of who extended key plans small shared a clients, leaders. of of incentive key our the platform long-term align leadership equity and those ongoing success our reward group service their long-term periods, value-creation. our as long-term issuance is another we BlackRock's a a A with of the execute a incentives these in and investment awards
many technology providers, the platform. will a leaders towards way organizations performance now in data come. underscore our in our of these investment culture on-site collaborative from to long-term I To in-house early are and from capabilities investment promote client very long-term to in years days that to clients many In we to shift requirements grants other leadership between continued the hardware the across are that cloud to for a close, Our traditioned want technology is goal help that managers, comprehensive transitioning same models more BlackRock. have consolidation, in horizontal
new performance. BlackRock is forefront. that I every truly Rob day future the can integrated I are For with and the our examples say clients BlackRock's are both of in most see all clearly for believe and delivering one this delivering I investing of exciting of I we years, we is horizontal that the energized one we and believe a and BlackRock have focused times very by on in services, BlackRock value to strong these we're our connectivity, history. stakeholders. how
it for open Thank you, and let's questions. up
