# BlackRock **Domain:** Asset Management / Financial Infrastructure / Institutional Capital **Doc Type:** Institution Node **Maturity:** Developed ## Definition **BlackRock is a global investment manager and fiduciary operating investment, advisory, risk-management, and financial-technology businesses.** Assets managed through BlackRock generally belong economically to clients or funds; the manager's position must not be collapsed into beneficial ownership of every portfolio company or asset. ## Texas Stock Exchange Role [[wiki/Texas Stock Exchange|TXSE]] named BlackRock and Citadel Securities among the institutions participating in its June 2024 initial capital raise. TXSE later identified BlackRock among its institutional investors, and its current governance page lists a BlackRock managing director on the TXSE Group board. This is a documented capital-and-governance relationship. It establishes participation in the exchange's financing and group board, not unilateral ownership or control of the exchange. ## War With Empire Context [[articles/war with empire/Imperial Financial Influence Operations — Cutting the Head off the Snake|Imperial Financial Influence Operations]] uses BlackRock's participation to sharpen [[wiki/Market Repatriation|market repatriation]]. The operation does not require expelling globally mobile capital. It changes the legal and institutional environment beneath that capital by requiring it to participate in a market stack assembled in the destination jurisdiction. The same distinction applies elsewhere in the corpus: a material shareholding can create influence, incentives, or exposure without proving operational direction of every company in a manager's portfolio. ## Key Insight **Capital can remain globally mobile while the jurisdiction and infrastructure through which it must operate are strategically relocated.** ## El Paso and Army Data-Center Relationships In July 2026 Meta announced an 80/20 BlackRock–Meta strategic venture for the [[wiki/Meta El Paso Data Center|one-gigawatt El Paso AI campus]], with approximately $14 billion in total development costs. [[wiki/Global Infrastructure Partners|Global Infrastructure Partners]] and [[wiki/HPS Investment Partners|HPS Investment Partners]] participated through the BlackRock side of the transaction. This is a direct financing and ownership relationship with the civilian Meta campus. A separate connection runs through [[wiki/CyrusOne|CyrusOne]], owned by funds managed by KKR and BlackRock and conditionally selected for the Army's [[wiki/Dugway Proving Ground|Dugway]] hyperscale project. These connections establish BlackRock's presence in two distinct infrastructure-capital structures; they do not establish operational control of Army intelligence or a technical link between the facilities. ## See Also [[wiki/Financial Intermediation|Financial Intermediation]] · [[wiki/Beneficial Ownership|Beneficial Ownership]] · [[wiki/Gatekeeping Without Ownership|Gatekeeping Without Ownership]] · [[wiki/Power Ecology|Power Ecology]] · [[wiki/Texas Corporate Sovereignty Stack|Texas Corporate Sovereignty Stack]] ## Relationships - **80 percent venture interest:** [[wiki/Meta El Paso Data Center|Meta El Paso Data Center]]. - **infrastructure businesses:** [[wiki/Global Infrastructure Partners|GIP]] and [[wiki/HPS Investment Partners|HPS]]. - **fund ownership relationship:** [[wiki/CyrusOne|CyrusOne]], alongside [[wiki/KKR|KKR]]. - **regional research:** [[research/El Paso AI-Compute Military Modernization and All-Threats Intelligence Cluster|El Paso AI-Compute cluster dossier]]. ## Primary Sources [BlackRock — About BlackRock](https://www.blackrock.com/corporate/about-us/who-we-are/about-blackrock) · [TXSE — June 2024 initial backing](https://www.txse.com/press/txse-group-inc-announces-plans-to-create-the-texas-stock-exchange) · [TXSE — governance](https://www.txse.com/governance) [Meta — strategic venture with BlackRock, July 28, 2026](https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Announces-New-Strategic-Venture-with-BlackRock-to-Develop-Data-Center-in-El-Paso/default.aspx) · [U.S. Army — conditional hyperscale data-center agreements, March 26, 2026](https://www.army.mil/article/291360/army_reaches_conditional_agreement_with_private_industry_for_hyperscaled_data_centers)