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BlackRock Strikes $12 Billion Deal for 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
BlackRock Strikes $12 Billion Deal for HPS, Doubling Down on Wall Street’s Hottest Market
BlackRock has agreed to buy private credit manager HPS Investment Partners in a roughly $12 billion all-stock deal that would substantially add to its coveted private asset pile. The deal would give Chief Executive Larry Fink a significant foothold in what is now one of the hottest markets on Wall Street.
Here’s how investors will be affected by BlackRock’s $12 billion purchase of private-credit provider HPS
In a widely anticipated announcement, BlackRock said it had reached an agreement to buy HPS Investment Partners for $12 billion in stock.
4h
Larry Fink’s billionaire factory
Plus, global macro hedge funds make a killing on US presidential election bets and another scandal hits Nomura ...
1d
Wall Street Breakfast Podcast: Tavares Exits As Stellantis Sales Slump
Stellantis CEO Carlos Tavares resigns amid sales slump. Fidelity marks up value of its stake in Elon Musk's X by 32%: report.
Sydney Morning Herald
21h
The Republicans declare war on multibillion-dollar Wall Street giants
Larry Fink’s
BlackRock
argues that the suggestion it invested in companies ... In 2021, Texas banned a number of the major ...
Think Advisor
6d
BlackRock, Vanguard and State Street Sued by 11 States
Texas and other states allege the asset managers broke antitrust laws by boosting electricity prices through their investments.
1d
The Republicans declare war on ‘woke’ Wall Street billionaires
Even before Donald Trump has returned to the White House and the Republicans take control of Congress, things are heating up.
6d
BlackRock, Vanguard Accused of Antitrust Violations by Texas (4)
BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking ...
newsbytesapp.com
1d
IIT-Madras student bags ₹4.3cr job offer from Wall Street firm
Madras student has bagged a pre-placement offer (PPO) worth over ₹4.3 crore from Jane Street, a top Wall Street trading firm.
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