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BlackRock near deal to buy private credit manager HPS
BlackRock’s $12 billion purchase of HPS gives firm a bigger chunk of red-hot private credit market
HPS co-founders Scott Kapnick, Scot French, and Michael Patterson are joining BlackRock’s global executive committee while Kapnick will also be an observer on BlackRock’s boar
BlackRock acquires HPS for $12 billion, taking it deeper into private credit
BlackRock agreed to make a $12 billion acquisition that will take it deeper into the hottest trade on Wall Street.
Here’s how investors will be affected by BlackRock’s $12 billion purchase of private-credit provider HPS
In a widely anticipated announcement, BlackRock said it had reached an agreement to buy HPS Investment Partners for $12 billion in stock.
8h
on MSN
BlackRock’s $12 Billion Acquisition Bulks Up Private Markets Business
The all-stock deal adds New York-based HPS, which manages approximately $148 billion in client assets, bolsters BlackRock's ...
6h
BlackRock Jumps Deeper Into the Private Markets
But this year, BlackRock has been aggressively claiming a major foothold in the private markets. On Tuesday, it made its ...
Opinion
13h
Opinion
BlackRock Pays $12 Billion to Catch Up in Private Credit
Boss Larry Fink is at it again, splashing out on an alternative asset manager. It’s risky, but he can afford it.
18h
BlackRock Strikes $12 Billion Deal for HPS, Betting Big on Wall Street’s Hottest Market
As a public company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) provides quarterly updates about its performance. In the ...
17h
UK Competition Watchdog Looks Into $3.32 Billion Blackrock-Preqin Deal
(Reuters) - Britain's competition regulator said on Tuesday it was considering whether asset management firm BlackRock's 2.55 ...
Opinion
9h
Opinion
Even BlackRock Is Fleeing Public Markets
The $11.5 trillion money manager’s recent acquisitions reflect investors’ boredom with stocks and bonds and a desire for ...
11h
UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal
Britain's competition regulator said on Tuesday it was considering whether asset management firm BlackRock's 2.55 billion ...
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