Reported 1 day ago
BlackRock is set to invest $12 billion in HPS Investment Partners, amplifying its presence in the booming private credit market, which has surged due to higher interest rates and reduced bank lending. This acquisition, expected to be announced soon, follows BlackRock's previous notable purchases in 2024 aimed at expanding its alternative asset holdings. JPMorgan CEO Jamie Dimon has raised concerns over the increasing risks associated with private credit investments.
Source: YAHOO