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 ...

Blackrock has cut the worth of its stake in web hosting provider Automattic by 10%, the asset manager said in its latest quarterly disclosure report. Blackrock, which invested in Automattic during its Series E round in 2021, valued its investment in the WordPress hosting company at $37.5 per share, down from $41.7 per share earlier this year. The valuation reduction comes in the wake of Automattic launching a much-publicized fight with rival WordPress hosting provider WP Engine. The two companies have been ...

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 ...

BlackRock Inc. (BLK) , State Street Corp. (STT) and Vanguard have been accused of violation of antitrust law via climate activism, which reduced coal output and hiked energy prices. The allegations have been brought in by Texas and 10 other states.The lawsuit was filed this Wednesday in the Federal Court in Tyler, TX, and is one of the top-profile lawsuits aimed at efforts promoting environmental, social, and governance (ESG) goals.The 10 other states are Alabama, Arkansas, Indiana, Iowa, Kansas, Missouri, ...

BlackRock (BLK) is on the cusp of acquiring HPS Investment Partners for a reported $12 billion. This was stated by the Financial Times citing persons familiar with the matter.The move underscores BlackRock's commitment to strengthening its foothold in the fast-growing alternatives market, particularly private credit—a sector witnessing robust demand amid shifting banking dynamics and investor preferences.HPS Investment, a private credit powerhouse managing $150 billion as of Sept. 30, 2024, stands out for i ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

In the latest trading session, BlackRock Finance (BLK) closed at $1,031.49, marking a -0.48% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.27%.The investment firm's shares have seen an increase of 6.41% over the last month, surpassing the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.Market participants will be closely following the finan ...

NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Pyramid Analytics, a market-leading, AI-driven analytics and decision intelligence company, announced it has raised $50M in new financing from funds and accounts managed by BlackRock Capital Investment Advisors, LLC (“BlackRock”).  The fresh investment comes on the heels of Pyramid being named a Visionary in the 2024 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms, and being awarded the highest rank in all four use cases of the 2024 Gart ...