Loading...
Market
Will BlackRock's acquisition of HPS face regulatory challenges by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
News reports from financial news outlets or regulatory announcements
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.
View original story
Similar markets
No • 50%
Yes • 50%
Pending • 34%
Rejected • 33%
Approved • 33%
No • 50%
Yes • 50%
Focus on new sectors • 25%
No major changes • 25%
Increase in direct lending • 25%
Expansion into new geographies • 25%
No • 50%
Yes • 50%
Increase by over 10% • 25%
Decrease by over 10% • 25%
Decrease by 0-10% • 25%
Increase by 0-10% • 25%
Enhance product offerings • 25%
Expand client base • 25%
Other strategic purposes • 25%
Increase market share • 25%
Change by less than 5% • 25%
Increase by more than 10% • 25%
Increase by 5-10% • 25%
Decrease • 25%
Increase by up to 10% • 25%
Increase by more than 10% • 25%
No change • 25%
Decrease • 25%