BlackRock Acquires HPS Investment Partners
This is a news story, published by CNBC, that relates primarily to BlackRock news.
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integrated private credit franchiseCNBC
•BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
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.
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