Growth and Transition Strategy Update

Our Private Markets platform has delivered double-digit growth in client assets and revenue Private markets client assets ($B)¹ +16% CAGR I I I | Private markets revenue ($M)¹ +26% CAGR $1,037 $876 296 I $660 208 $624 I I 83 I 136 | $418 I 70 | 741 668 $222 I 577 I 488 21 I 348 201 2022 1Q23 $152 $156 $138 $110 $98 $83 2018 2019 2020 2021 2022 1Q23 2018 2019 2020 2021 Base Fees Performance Fees Note: For footnoted information, refer to slide 99. BlackRock 22 92

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