BLK Acquires HPS Investment: Is it Riding on Private Credit Growth?

Key Takeaways BlackRock completed its acquisition of HPS Investment Partners to expand its private credit business. The deal is projected to lift private markets AUM and fees by 40% and 35%, respectively. HPS is expected to contribute $850M in fees and $360M in post-tax FRE at a 50% margin in 2025.BlackRock Inc. (BLK) has announced the completion of the acquisition of HPS Investment Partners (HPS). The move signals the company’s deeper foray into the private credit market, which is rapidly emerging as one ...