Consolidated Sponsored Investment Products (Tables)

6 Months Ended

Jun. 30, 2024

Statement of Financial Position [Abstract]

Consolidated VIEs And VREs Recorded in Condensed Consolidated Statements of Financial Condition

The following table presents the balances related to these CIPs accounted for as VIEs and VREs that were recorded on the condensed consolidated statements of financial condition, including BlackRock’s net interest in these products:


	June 30, 2024									December 31, 2023
(in millions)	VIEs			VREs			Total			VIEs			VREs			Total
Cash and cash equivalents(1)	$	185		$	41		$	226		$	234		$	54		$	288
Investments:
Trading debt securities		1,449			419			1,868			1,423			406			1,829
Equity securities at FVTNI		1,640			480			2,120			1,059			370			1,429
Loans		238			—			238			195			10			205
Other investments		349			40			389			427			171			598
Carried interest		1,855			—			1,855			1,916			—			1,916
Total investments		5,531			939			6,470			5,020			957			5,977
Other assets		117			20			137			83			39			122
Other liabilities(2)		(2,287	)		(70	)		(2,357	)		(2,233	)		(108	)		(2,341	)
Noncontrolling interest - CIPs		(1,911	)		(163	)		(2,074	)		(1,625	)		(226	)		(1,851	)
BlackRock's net interest in CIPs	$	1,635		$	767		$	2,402		$	1,479		$	716		$	2,195

(1)

The Company generally cannot readily access cash and cash equivalents held by CIPs to use in its operating activities.

(2)

At both June 30, 2024 and December 31, 2023, other liabilities of VIEs primarily include deferred carried interest liabilities and borrowings of a consolidated CLO.

Schedule of Nonoperating Gains (Loss) Related to Consolidated Variable Interest Entity

Net gain (loss) related to consolidated VIEs is presented in the following table:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2024		2023		2024		2023
Nonoperating net gain (loss) on consolidated VIEs	$	66	$	80	$	137	$	139

Net income (loss) attributable to NCI on consolidated VIEs	$	46	$	61	$	85	$	73