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BlackRock strikes $12 billion deal for HPS

The Associated Press on MSN · 1d

BlackRock buying credit investment manager HPS Investment Partners in approximately $12 billion deal

BlackRock is buying credit investment manager HPS Investment Partners in a stock deal valued at about $12 billion, giving it more ways to service its insurance clients.

GlobalData on MSN · 7h

BlackRock seals $12bn deal to buy HPS Investment Partners

BlackRock, the world's largest asset manager, has entered an all-stock transaction valued at approximately $12bn to acquire private credit manager HPS Investment Partners. This move is set to create an integrated private credit franchise with $220bn in client assets.

CNBC on MSN · 1d

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

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 in assets,

1h

HPS Offers Incentives to Retain Staff After Sale to BlackRock

HPS Investment Partners is offering employees grants that vest over five years to encourage them to stay on after being ...

2d

BlackRock is on the verge of making a bigger bet on Wall Street's hottest trade

BlackRock is close to making a $12 billion acquisition that would take it deeper into the world of private credit.

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