U.S. stocks could open on a weak note on Thursday after the averages closed at a record high on Wednesday. Futures of all three major indices were marginally down on Thursday, pointing to cautious sentiment on Wall Street.The tentativeness in U.S. futures comes after Federal Reserve chair Jerome Powell tried to downplay expectations of swift rate cuts, citing a strong economy and uncertainty about inflation."The labor market is better, and the downside risks appear to be less in the labor market. Growth is ...

BlackRock Inc. (BLK) has announced a definitive agreement to acquire HPS Investment Partners for $12 billion in an all-equity transaction. The move signals the company’s deeper foray into the private credit market, which is rapidly emerging as one of the most lucrative sectors in global finance.Private credit, or non-bank lending to businesses, has grown exponentially in recent years as stricter banking regulations limit traditional lenders’ ability to finance riskier loans. Institutions like HPS Investment ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Key TakeawaysBlackRock 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 about $600 billion, the Wall Street Journal reported. BlackRock (BLK) has agreed to acquire private credit firm HPS Investment Partners in a deal valuing the company at about $12 billion, as BlackRock continues it ...

Core Viewpoint - BlackRock is acquiring HPS Investment Partners for $12 billion in stock to enhance its presence in the private credit market, which is currently experiencing significant growth [1][3]. Group 1: Acquisition Details - The acquisition is expected to close in mid-2025 and will create an integrated private credit franchise with approximately $220 billion in assets [3]. - HPS manages about $148 billion in assets, while BlackRock oversees $11.5 trillion as of the third quarter [3]. Group 2: Market Context - The private credit space is booming, with comparable publicly traded companies like Blue Owl Capital and Ares seeing stock price increases of 54.6% and 46% respectively for 2024, outpacing BlackRock's year-to-date gain of 25.7% [3]. - The deal is part of BlackRock's strategy to grow its alternative assets business, following previous acquisitions of Global Infrastructure Partners and Preqin for $12.5 billion and $3.2 billion respectively [4]. Group 3: Financial Impact - The transaction is expected to increase BlackRock's private market assets under management (AUM) by 40% and management fees by approximately 35% [4].

Advertisement BlackRock is nearing a deal to buy private credit firm HPS Investment Partners.HPS would be another major private markets deal for the $11.5 trillion money manager.BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth.Larry Fink is looking to close 2024 as he started it — by announcing a big acquisition that brings BlackRock closer to dominating private market investing.BlackRock, the $11.5 trillion asset manager, is reportedly nearing a deal to buy HPS Investm ...

BlackRock Finance (BLK) closed at $1,020.11 in the latest trading session, marking a -0.26% move from the prior day. This change lagged the S&P 500's daily gain of 0.25%. Elsewhere, the Dow saw a downswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.97%.The the stock of investment firm has risen by 3.83% in the past month, lagging the Finance sector's gain of 4.93% and overreaching the S&P 500's gain of 3.51%.Investors will be eagerly watching for the performance of BlackRock Finance in its upcom ...

I would encourage you to read that article first because it's a goodIn late November 2012, or almost 12 years ago to the day, I wrote an article titled:Thank you for reading my article. My goal is to give you observations and actionable ideas in Closed-End funds while educating you on how these unique and opportunistic funds work.CEFs can be one of the most exhilarating and yet most frustrating security classes to invest in, and it's important that you have someone who can be a level head during up and down ...

Company Valuation - Blackrock has reduced the value of its stake in Automattic by 10%, valuing its investment at $37.5 per share, down from $41.7 per share earlier this year [1] - The valuation reduction follows Automattic's publicized legal battle with WP Engine [1] Legal Dispute - Automattic and WP Engine are engaged in a legal battle after Automattic's CEO blocked WP Engine from accessing WordPress org [2] - WP Engine is seeking a preliminary injunction to regain access to WordPress org [2] Ownership Details - Blackrock owns only 0 6% of Automattic and holds no voting rights in the company [2]

For Immediate ReleasesChicago, IL – November 29, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including Abbott Laboratories (ABT) , BlackRock, Inc. (BLK) and ConocoPhillips (COP) , NetSol Technologies, Inc. (NTWK) and Optex Systems Holdings, Inc (OPXS) .Here are highlights from Friday’s Analyst Blog:Top Res ...