BlackRock is the sole bidder to acquire HPS Investment Partners for expansion in private credit.
BlackRock, the largest global investment firm, is reportedly the sole bidder to acquire HPS Investment Partners, a significant player in the private credit market. This acquisition aims to enhance BlackRock's footprint in private credit, which is projected to grow substantially. HPS manages over $100 billion and serves various institutional clients. The deal's terms are undisclosed and subject to regulatory approval, with discussions still ongoing.
October 30, 2024
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