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Market
How will BlackRock's stock price react within six months post-HPS acquisition?
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Stock market data from major financial news outlets or stock exchanges
Story
BlackRock Nears $12B Deal for Private Credit Manager HPS
Dec 2, 2024, 08:00 AM
BlackRock Inc., the world's largest asset manager, is reportedly close to finalizing a deal to acquire HPS Investment Partners, a private credit manager specializing in lending directly to businesses, in a transaction that could value HPS at $12 billion or more. This move signifies BlackRock's strategic expansion into the private credit market, which has been growing as businesses increasingly seek direct lending outside traditional banking channels.
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