Amid a surge in GP consolidation, BlackRock strengthens its private credit business with the $12 billion acquisition of HPS Investment Partners.
BlackRock is to acquire private credit specialist firm HPS Investment Partners for $12bn, with 100% of consideration paid in BlackRock equity. The deal, which bring some $148bn in client assets to the table, will create a combined private credit franchise with approximately $220bn in client as...
In line with our January guidance, which excludes the impact of HPS and related transaction costs, at present, we continue to expect a mid to high single digit percentage increase in 2025 core G and A expense. Our capital management strategy remains consistent. We invest first in our business...
HPS, Preqin, and why private markets don’t have to be opaque markets At the same time we were finalizing the GIP deal, BlackRock was also busy with two other significant acquisitions. We began the summer of 2024 by announcing our planned purchase of Preqin, one of the world's leading ...
The HPS deal comes after BlackRock in October finalized its $12.5 billion acquisition of infrastructure investment firm Global Infrastructure Partners, while it anticipates completing the $3.2 billion purchase of private markets data provider Preqin by year-end. ...
BlackRock is now truly in a category of one. We’ve built a unique asset management and fintech platform that’s integrated across public and private markets. With the close of the GIP transaction this past October and our planned acquisition of HPS, BlackRock’s private markets and alternati...
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With the close of the GIP transaction this past October and our planned acquisition of HPS, BlackRock's private markets and alternative platform is expected to be 600 billion in client assets, a top five provider and over 3 billion in revenues or about 15% of 2024 revenues. BlackRock houses...
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BlackRock is acquiring HPS Investment Partners in a deal valued at roughly $12 billion. The move to buy HPS is the asset management giant's latest push into the growing world of private credit. The nearly $150 billion managed by HPS will bring BlackRock's managed "alternative assets" to abo...