In the second quarter, BlackRock Inc. attracted a staggering $51 billion in client cash to its long-term investment funds, bringing its total assets to a record-breaking $10.6 trillion. The New York-based firm saw significant growth in ETFs and fixed-income, with CEO Larry Fink attributing organic growth to private markets and retail active fixed income. Despite missing analyst estimates for net flows to long-term investment funds, BlackRock reported $82 billion in total net flows. The company faced challenges, such as a $20 billion redemption from a large insurance client, but also saw successes, including a $2 billion increase in its illiquid alternatives business and a rise in performance fees. BlackRock's strategic acquisitions, such as Global Infrastructure Partners and Preqin, further solidify its position as a leader in the asset management industry. With a 12% increase in adjusted net income per share, BlackRock continues to demonstrate strong financial performance amidst market volatility.