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BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion

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Summary
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81% Informative

BlackRock said Tuesday it will acquire HPS Investment Partners for $12 billion in stock.

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.

HPS manages about $148 billion in assets.

VR Score

86

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87

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55

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formal

Language

English

Language complexity

39

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not offensive

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not hateful

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short-lived

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1

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