07:33 AM EDT, 07/07/2025 (MT Newswires) -- BlackRock's ( BLK ) joint venture with Jio Financial Services, Jio BlackRock Asset Management, has raised more than $2.1 billion in three cash or debt mutual fund schemes in its maiden offering, Reuters reported Monday.

According to the report, the joint venture launched the three-day offering after securing regulatory approval in May. The funds drew interest from more than 90 institutional investors and over 67,000 retail participants.

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