BlackRock to Buy HPS for $12 Billion. It's Going Big on Private Markets.
The all-stock deal adds New York-based HPS, which manages approximately $148 billion in client assets, bolsters BlackRock's position in the private credit market.
Predicting doubling of private-credit market, BlackRock strikes $12 billion deal for HPS
In a widely anticipated announcement, BlackRock said it had reached an agreement to fully-acquire HPS Investment Partners in an all share transaction worth $12 billion
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 assets, per BlackRock.
BlackRock strikes $12 bln deal for private credit firm HPS Investment
BlackRock has agreed to buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday.
Behind BlackRock's ambitions to push into private markets
BlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager.
BlackRock Strikes $12 Billion Deal for HPS, Doubling Down on Wall Street's Hottest Market
The roughly $12 billion all-stock deal would substantially add to BlackRock's coveted private asset pile.
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BlackRock near deal to buy private credit manager HPS: report
BlackRock, the world's largest asset manager, is reportedly on the cusp of a deal to acquire HPS Investment Partners for more than $12 billion
