POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS that the undersigned
hereby constitutes, designates and appoints Janey Ahn, Benjamin Archibald,
Eugene Drozdetski, Laura Ingle, Gladys Chang, Charles Park, Tricia Meyer and
Howard Surloff of BlackRock, Inc., and Kenneth Burdon, Kiersten Zaza, and Tom
DeCapo of Skadden, Arps, Slate, Meagher & Flom LLP as such person's true and
lawful attorneys-in-fact and agents, each with full power of substitution and
resubstitution and full power to act alone and without the other, for the
undersigned and in the undersigned's name, place and stead, in any and all
capacities, to execute, acknowledge, deliver and file any and all statements on
Form ID (including, but not limited to, obtaining the Central Index Key ("CIK")
and the CIK confirmation code ("CCC") from the Securities and Exchange
Commission), Form 3, Form 4 and Form 5 and any successor forms adopted by the
Securities and Exchange Commission, as may be required by the Securities Act of
1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940
and the rules thereunder, and requisite documents in connection with such
statements, respecting BlackRock Preferred Partners LLC. This power
of attorney supersedes any previous versions of same, and shall be valid from
the date hereof until revoked by the undersigned, and shall be automatically
revoked with respect to any attorney in the event that such attorney is no
longer affiliated with Skadden, Arps, Slate, Meagher & Flom LLP or
BlackRock, Inc. or its affiliates (as the case may be).
IN WITNESS WHEREOF, the undersigned has executed this
instrument as of July 26, 2016.
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By: /s/ Cynthia L.
Egan
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Print: Cynthia L. Egan |