BlackRock Buys Credit Firm HPS in $12 Billion All-Stock Deal
Dec 3, 2024 · The deal gives BlackRock, which manages $11.5 trillion, almost $600 billion of alternative assets.
BlackRock buys HPS for $12 bln in private credit expansion
Dec 3, 2024 · HPS, once part of JPMorgan, is a massive player in the private credit space, with about $148 billion in assets under management. BlackRock manages $11.5 trillion in assets, with an...
BlackRock's Private Markets Push May Not Be Over After 2024
20 hours ago · BlackRock's alternative assets under management — including private debt and equity — totaled approximately $320 billion as of the end of September, less than 3% of its $11.5 trillion in assets.
BlackRock acquires HPS for $12 billion, taking it deeper into …
Dec 3, 2024 · BlackRock agreed to make a $12 billion acquisition that will take it deeper into the hottest trade on Wall Street.
Inside BlackRock’s Latest $12B Private Assets Deal
6 days ago · BlackRock manages some $11.5 trillion in assets overall, and the deal would boost its private-assets war chest to a reported $600 billion — on par with goliaths like Apollo Global and KKR. It is also expected to increase private markets fee-paying AUM and management fees by 40% and 35%, respectively .
BlackRock expanding in private credit, buys HPS ... - NBC New York
Dec 3, 2024 · HPS manages about $148 billion in assets. BlackRock oversees $11.5 trillion as of the third quarter.
BlackRock agrees to snap up HPS in $12B all-stock deal
Dec 3, 2024 · BlackRock Inc. agreed to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world’s largest asset manager into the highest ranks of ...
BlackRock CFO Martin Small outlines the asset management …
11 hours ago · BlackRock, which oversees $11.5 trillion, is not new to transforming itself through deals. In 2009, it pushed into passive investing when it bought Barclays' asset-management business.
BlackRock near deal to buy private credit manager HPS: report
Dec 2, 2024 · BlackRock (BLK), the world's largest asset manager, would see another $148 billion in assets added to its $11.5 trillion assets under management (AUM) on completion of the deal that would...
BlackRock Targets Private Credit Growth With $12 Billion HPS …
Dec 3, 2024 · BlackRock, which manages $11.5 trillion in assets, has an existing $85 billion private credit platform as of Sept. 30.
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