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BLK's Buyout of HPS Investment: A Leap Into the Private Credit Market
BLKBlackRock(BLK) ZACKS·2024-12-04 15:21

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 ...