12.03.24

BlackRock Buys HPS Investment Partners for $12 Billion

by: Fred Imbert; Leslie Picker

BlackRock will acquire HPS Investment Partners for $12 billion, as the world’s largest asset manager looks to grow its presence in the hot private credit sector. Sources say that HPS first sought to go public, which caught BlackRock’s attention. BlackRock earlier this year announced it would acquire Global Infrastructure Partners and private market data provider Preqin for $12.5 billion and $3.2 billion, respectively.

Read the full article on CNBC