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BlackRock near deal to buy private credit manager HPS

BlackRock’s $12 billion purchase of HPS gives firm a bigger chunk of red-hot private credit market

HPS co-founders Scott Kapnick, Scot French, and Michael Patterson are joining BlackRock’s global executive committee while Kapnick will also be an observer on BlackRock’s boar

CNBC on MSN · 20h

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,

Reuters · 12h

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.

15h

BlackRock is buying HPS for $12 billion. Here's what's behind Larry Fink's year of blockbuster deals.

BlackRock is set to buy HPS Investment Partners, a private credit behemoth managing $145 billion, according to a report.

14h

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 ...

20h

BlackRock to Acquire HPS Investment Partners to Deliver Integrated Solutions Across Public and Private Markets

BlackRock (NYSE: BLK) and HPS Investment Partners ("HPS"), a leading global credit investment manager with approximately $148 billion in client assets, have entered into a definitive agreement for ...

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BlackRock near deal to buy private credit manager HPS

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