BlackRock, Inc. (BLK)
BlackRock pens $12bn deal to buy investment firm HPS
BlackRock Inc (NYSE:BLK) has unveiled a $12 billion deal to buy New York-based investment manager HPS. HPS has $148 billion in client assets and is among those to dominate the private credit sector.
Why is BlackRock spending billions to expand in private credit
BlackRock Inc (NYSE: BLK) announced plans of spending $12 billion on buying HPS Investment Partners to expand its footprint in private credit on Tuesday. The HPS acquisition will push alternative assets under its management to over $600 billion.
BlackRock Acquires Private Credit Manager HPS for $12 Billion
BlackRock (BLK) has agreed to acquire private credit firm HPS Investment Partners in a deal valuing the company at about $12 billion, as BlackRock continues its push into the growing sector.
BlackRock to acquire HPS Investment Partners for more than $12 billion in stock
CNBC's Leslie Picker joins 'Squawk Box' with the latest news.
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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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