BLK Expands Footprint in Private Credit, Nears HPS Investment Buyout

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 ...