Key Takeaways BLK will acquire ElmTree to enhance its private markets and net-lease real estate capabilities. The deal supports BLK's $400B private markets goal and follows acquisitions of HPS, Preqin and GIP. ElmTree will join BLK's PFS platform, combining credit and real estate for long-term income solutions.As part of its goal to raise$400 billion for private markets by 2030, BlackRock (BLK) has signed a definitive agreement to acquire ElmTree Funds, a St. Louis–based real estate investment firm speci ...