BlackRock targets private credit growth with $12 billion HPS acquisition
BlackRock will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world's largest asset manager seeks to expand in a red-hot market.
BlackRock buying credit investment manager HPS Investment Partners in approximately $12 billion deal
BlackRock is buying credit investment manager HPS Investment Partners in a stock deal valued at about $12 billion, giving it more ways to service its insurance clients
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space. The transaction also creates "an integrated private credit franchise" with about $220 billion in assets,
BlackRock Acquires Private Credit Manager HPS for $12 Billion
Key Takeaways BlackRock is acquiring HPS Investment Partners in a deal valued at roughly $12 billion.The move to buy HPS is the asset management giant's latest push into the growing world of private credit.
BlackRock’s $12 billion purchase of HPS gives firm a bigger chunk of red-hot private credit market
BlackRock has clinched its third big acquisition this year. The world’s largest asset manager is buying HPS Investment Partners in a $12 billion all stock bid to create a leading global credit manager.
BlackRock Scoops Up HPS Investment Partners In $12 Billion Deal
BlackRock has agreed to acquire HPS Investment Partners for nearly $12 billion but the deal has not yet been approved by government agencies.
BlackRock to Acquire HPS Investment Partners for $12 Billion in Equity Deal
In a $12 billion all-equity deal, BlackRock (BLK, Financials) is going to buy HPS Investment Partners, a worldwide credit investment manager. BlackRock's purchase seeks to enhance its private credit products and link them with its $3 trillion public fixed-income platform,
BlackRock set to acquire HPS, a global credit investment manager
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BlackRock acquires HPS Investment Partners for $12bn
HPS is a global credit investment manager with approximately $148bn in client assets; BlackRock expects the private debt market to more than double to $4.5tn by 2030.
BlackRock’s HPS deal seals Netflix-like strategy
BlackRock , oddly enough, is looking a lot more like a streaming service. The index-fund goliath agreed to buy private lender HPS for $12 billion, to get its hands on the hottest new content to push through its formidable pipes.
BlackRock Buys Credit Firm HPS in $12 Billion All-Stock Deal
BlackRock Inc. agreed to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world’s largest asset manager into the highest ranks of private credit.
BlackRock seals $12bn deal to buy HPS Investment Partners
BlackRock, the world's largest asset manager, has entered an all-stock transaction valued at approximately $12bn to acquire ...
BlackRock is on the verge of making a bigger bet on Wall Street's hottest trade
BlackRock is close to making a $12 billion acquisition that would take it deeper into the world of private credit.