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Market
Will BlackRock's AUM increase by more than 5% due to HPS acquisition by end of 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
BlackRock's annual financial report or major financial news outlets
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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