BlackRock Senior Executives Get Carry Pay for Private Assets (1)

BlackRock Inc. will award some of its most senior executives new pay perks tied to its expansion in private markets, signaling again its intent to compete head-on with the largest alternative asset managers.

The firm will give some of its “selected” leaders carried interest tied to the performance of a basket of the firm’s flagship private funds, BlackRock said in a regulatory filing on Friday.

The compensation “recognizes the growth and increasing strategic importance of BlackRock’s private markets platform,” BlackRock said in the filing. The company said the pay plan strengthens its ability to “attract, retain and motivate key senior ...