BlackRock's Larry Fink said in his annual letter that 2025 is potentially a "pivotal moment" in investing, as he laid out his private markets playbook.

BlackRock Inc. Chief Executive Officer Larry Fink pledged to open up private markets to millions of everyday investors, not just the wealthy few, contending individuals should share more of the gains from economic growth.

BlackRock CEO Larry Fink believes that blending public and private markets can be a great investment for retirement plans. Private assets, such as credit and equity in private firms, make up less than 1% of assets in defined contribution plans currently.