The potential for capital markets to expand prosperity is the theme of 72-year-old Fink’s latest annual letter to shareholders, which touches on topics ranging from retirement policy to building out the electrical grid. He details two approaches to broadening access: helping current investors reach parts of the market previously restricted to them, and enabling more people to become investors in the first place.

“The country focuses heavily on preventing people from hitting the floor, as we should. But the U.S. needs to put just as much effort into helping people climb to the ceiling—through investing,” Fink wrote….“Assets that will define the future—data centers, ports, power grids, the world’s fastest-growing private companies—aren’t available to most investors,” he wrote. “They’re in private markets, locked behind high walls, with gates that open only for the wealthiest or largest market participants.”

Excerpt from Jack Pitcher, Larry Fink Says Regular Americans Need Private Assets Too, WSJ, Mar. 31, 2025