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 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 to acquire credit investment manager HPS Investment
BlackRock (BLK) to acquire HPS Investment Partners for $12B in equity, expanding private credit franchise and increasing private markets fee-paying AUM and management fees.
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 is near deal to buy private credit manager HPS
BlackRock is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit as it seeks to become a major force in alternative assets. An agreement could be announced as early as this week and value HPS at $12 billion or more,
BlackRock agrees to snap up HPS in $12B all-stock deal
The agreement, set for completion in mid-2025, will see the private credit firm's founders lead a new unit to advance BlackRock's alternatives agenda.
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
BlackRock said Tuesday it will acquire HPS Investment Partners for $12 billion in stock, as the world's largest asset manager looks to grow its presence in the highly popular private credit space.
BlackRock to acquire HPS and create private credit franchise
BlackRock and HPS Investment Partners have agreed for BlackRock to acquire HPS for approximately $12bn, with 100% of the consideration paid in BlackRock equity.
BlackRock acquires HPS for $12 billion, taking it deeper into private credit
BlackRock agrees to make a $12 billion acquisition that will take it deeper into the hottest trade on Wall Street.
BlackRock Elbows Into Private Credit Arena With HPS Deal
BlackRock Inc., once seen as punching below its weight in private markets, is shedding that stigma as its purchase of HPS Investment Partners makes it a force in the credit industry, Bloomberg's Sridhar Natarajan says on "Bloomberg .
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 $148 billion, the firms announced Tuesday ...
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.
Blackrock stock price analysis amid the HPS, Prequin, GIP buyouts
What is the outlook of the Blackrock stock price after acquiring GIP and Prequin. It may acquire HPS, a leading private ...