BlackRock Eyes Calpers' Buyout Business

The video discusses CalPERS' reliance on private equity for returns and the challenges it faces from ratepayers. It explores BlackRock's potential role in managing CalPERS' private equity funds to achieve better returns at lower fees. The video also highlights BlackRock's strategy to diversify its revenue by increasing its involvement in alternative investments, which typically have higher fees than ETFs.

In what way is BlackRock planning to manage private equity for CalPERS?

What are the differences in fees between alternative investments and ETFs as mentioned in the text?