Reported 3 days ago
BlackRock Inc. is close to finalizing a deal to acquire HPS Investment Partners for over $12 billion, a move that will significantly enhance its standing in the private credit market. The acquisition, expected to be announced soon, positions BlackRock as a major player in alternative assets, following its recent acquisition of Global Infrastructure Partners. HPS manages $123 billion in private credit, and this transaction would solidify BlackRock's expansion into the lucrative private markets.
Source: YAHOO