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Will BlackRock acquire HPS Investment Partners by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from BlackRock or HPS Investment Partners
Story
BlackRock Explores $10 Billion Purchase of HPS, Eyes Top Spot in Private Credit
Oct 9, 2024, 06:12 PM
BlackRock Inc., the world's largest asset manager overseeing $10.6 trillion in assets, is among firms exploring the purchase of HPS Investment Partners, a private credit lender valued at approximately $10 billion. The potential acquisition would propel BlackRock into the top ranks of the private credit market and reflects its strategic move to expand its presence in alternative investments. HPS Investment Partners is also considering an initial public offering (IPO), which some investors view as a way to test its valuation for a potential sale. This move also raises discussions about the concentration of power within the asset management industry, considering BlackRock owns stock in 95% of Fortune 500 companies.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Approved • 33%
Rejected • 33%
Pending • 34%
Acquisition • 25%
Partnership • 25%
New Product Launch • 25%
No Major Response • 25%
Focus on new sectors • 25%
Expansion into new geographies • 25%
Increase in direct lending • 25%
No major changes • 25%
Increase by over 10% • 25%
Increase by 0-10% • 25%
Decrease by 0-10% • 25%
Decrease by over 10% • 25%