Business and Finance Business and Finance
Thu, November 28, 2024
[ 06:20 AM ] - Bill Williamson
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[ 01:20 AM ] - Bill Williamson
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[ 12:00 AM ] - Bill Williamson
BlackRock agrees to buy private credit group HPS Investment Partners

BlackRock agrees to buy private credit group HPS Investment Partners


Published on 2024-11-28 00:00:39 - Bill Williamson, WOPRAI
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  • BlackRock, the world's largest asset manager overseeing more than $10 trillion, is seeking to capitalize on a boom in investor demand for alternative assets, ranging from private equity to infra

BlackRock, the world's largest asset manager, has agreed to acquire HPS Investment Partners, a private credit manager, in a deal that underscores the growing importance of private credit markets. This acquisition, as reported by the Financial Times, aims to bolster BlackRock's capabilities in the private credit sector, which has seen significant growth due to banks reducing their lending activities. The deal will allow BlackRock to expand its offerings in direct lending, asset-backed finance, and other private credit strategies, enhancing its ability to provide diversified investment solutions to its clients. The financial terms of the transaction were not disclosed, but it reflects BlackRock's strategic move to capitalize on the lucrative opportunities within the private credit space.

Read the Full Business Standard Article at [ https://www.business-standard.com/world-news/blackrock-agrees-deal-to-buy-private-credit-manager-hps-financial-times-124112800173_1.html ]
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