Growth and Transition Strategy Update

Well positioned for future revenue growth Committed capital ($M) Gross carried interest balance ($M)³ Ongoing fundraising and deployment $33B committed but not yet deployed capital¹ + $483 $260M future annual base fees² and additional carry potential Note: For footnoted information, refer to slide 99. BlackRock 2019 $1,458 +40% CAGR 1Q23 + Target doubling private markets revenue in 5 years Multi-alternatives platform providing: Access to high quality opportunities Improved transparency An integrated view 93

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