BlackRock seals $12bn deal to buy HPS Investment Partners
BlackRock, the world's largest asset manager, has entered an all-stock transaction valued at approximately $12bn to acquire private credit manager HPS Investment Partners. This move is set to create an integrated private credit franchise with $220bn in client assets.
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’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 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 to buy private credit manager HPS for $12 billion
BlackRock Inc. said Tuesday it’s buying private credit manager HPS Investment Partners, which has $148 billion in client assets, in an all-stock deal for $12 billion. New York City-based BlackRock (NYSE: BLK) said the combination will create a private credit entity with more than $220 billion in client assets.
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.
BlackRock’s New Deals Task Fink With Hanging Onto Key Talent
Larry Fink is shelling out about $25 billion in the space of a year to turn BlackRock Inc. into a top-five player in infrastructure and private credit. Now he’s focused on enticing the firm’s newest rainmakers to stay on board.
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 to buy HPS Investment for $12 billion in major private credit push
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 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 .
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Morgan Stanley says HPS deal adds fuel to BlackRock private markets growth engine
Morgan Stanley notes that BlackRock (BLK) has announced the acquisition of HPS Investment Partners for $12B in an all-stock transaction, ...