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Market
Will BlackRock successfully integrate HPS by end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official BlackRock press releases or financial reports
Story
BlackRock Acquires HPS in $12 Billion Deal, Boosting Private Credit Market with $148 Billion Assets
Dec 3, 2024, 11:51 AM
BlackRock, the world's largest asset manager, has agreed to acquire HPS Investment Partners, a leading global credit investment manager, in an all-stock deal valued at approximately $12 billion. HPS specializes in private credit, a rapidly growing segment of the financial market that involves lending directly to businesses, bypassing traditional banks. The acquisition will add HPS's $148 billion in client assets to BlackRock's portfolio and strengthen its position in private credit markets, which is considered one of Wall Street's hottest markets. BlackRock aims to integrate public and private market solutions through this deal, with CEO Larry Fink stating that the combined entity will rank among the top five in private credit globally. The move reflects BlackRock's confidence in the doubling of the private-credit market.
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No • 50%
Yes • 50%
No • 50%
Yes • 50%
Focus on new sectors • 25%
No major changes • 25%
Increase in direct lending • 25%
Expansion into new geographies • 25%
Increase market share • 25%
Expand client base • 25%
Other strategic purposes • 25%
Enhance product offerings • 25%
Yes • 50%
No • 50%
Increase by over 10% • 25%
Decrease by over 10% • 25%
Decrease by 0-10% • 25%
Increase by 0-10% • 25%
Approved • 33%
Pending • 34%
Rejected • 33%
No change • 25%
Decrease • 25%
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Increase by more than 10% • 25%
Decrease • 25%
Change by less than 5% • 25%
Increase by 5-10% • 25%