BlackRock to buy private lender HPS in $12-billion deal
Financial Express Mumbai|December 04, 2024
BLACKROCK AGREED to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world's largest asset manager into the highest ranks of private credit.
SILLA BRUSH
BlackRock to buy private lender HPS in $12-billion deal

HPS founders Scott Kapnick, Scot French and Michael Patterson will lead a new private financing solutions business unit with BlackRock as the company seeks to offer the full range of public fixed-income and alternative credit funds to clients, the asset manager said Tuesday in a statement.

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