Reported about 21 hours ago
BlackRock has announced its acquisition of private credit firm HPS Investment Partners for approximately $12 billion in an all-stock transaction, aiming to enhance its position in the growing private credit market. This sector has seen rapid growth due to increasing regulations on traditional bank lending, with expectations to rise to $2.6 trillion by 2029. BlackRock, which currently manages $11.5 trillion in assets, already operates an $85 billion private credit platform and views this deal as a significant step in expanding its alternatives segment.
Source: YAHOO