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BlackRock (BLK) - Get Report, the world's biggest asset management company, said it will buy Aperio Group, an investment management services provider, from private-equity firm Golden Gate Capital and Aperio employees for $1.05 billion in cash. The deal will be funded by existing corporate liquidity and is anticipated to close in the first quarter of 2021. The combination with Aperio will boost BlackRock’s SMA assets by roughly 30% to more than $160 billion. Sausalito, California-based Aperio oversaw about $36 billion in assets as of Sept. 30.