Core Insights - BlackRock Inc. has completed the acquisition of HPS Investment Partners, marking a significant move into the private credit market, which is becoming increasingly lucrative in global finance [1][12]. Private Credit Market - The private credit sector is reshaping financial markets and facilitating the convergence of public and private markets, with capital markets becoming the primary financing avenue for asset managers [2]. Strategic Initiatives - To leverage opportunities in private credit, BlackRock is launching Private Financing Solutions (PFS), which will integrate its private credit, GP, LP solutions, and both private and liquid CLO businesses [3]. Financial Projections - The acquisition of HPS is projected to increase BlackRock's private markets fee-paying assets under management (AUM) by 40% and management fees by 35%. In 2025, HPS is expected to contribute approximately $850 million in base fees and nearly $360 million in post-tax fee-related earnings (FRE) at a 50% margin [4][12]. Growth Targets - BlackRock aims to raise $400 billion in private markets fundraising by 2030 as part of its strategy to enhance private credit capabilities [5]. Recent Acquisitions - In March 2025, BlackRock acquired Preqin to improve its private markets data offerings and previously acquired Global Infrastructure Partners to enhance its infrastructure capabilities [6]. AUM and Revenue Growth - BlackRock's AUM has shown a five-year compound annual growth rate (CAGR) of 9.2%, reaching a record $11.58 trillion as of March 31, 2025, with net inflows of $83 billion [7]. Product Diversification - The company is diversifying its product suite, which is expected to bolster revenue mix and reduce revenue concentration risk, aiding AUM growth [9]. Dividend and Share Repurchase - BlackRock announced a 2% increase in its quarterly dividend to $5.21 per share and has a share repurchase plan aiming to buy back $1.5 billion worth of shares in 2025 [14][18]. Analyst Sentiment - Analysts have revised the earnings per share estimates for 2025 and 2026 upward to $44.92 and $50.71, indicating positive growth expectations [19]. Valuation Metrics - BlackRock's price-to-book ratio of 3.39X is lower than the industry average of 3.73X, suggesting the stock is trading at a discount relative to expected earnings growth [25][27].

We're speaking with the SEC chairman Paul Atkins and we're thrilled to have him at the table. I have a question because about insider trading, an issue that the SEC has always sort of oversaw, but there hasn't been a huge number of insider trading cases uh in recent years. I mean, not not big famous ones, but there's this whole crypto industry that is not really regulated.And I'm curious what you think of that, which is to say that there's lots of people doing things. And I the reason I mentioned this is th ...

The tie-up between private-credit specialist HPS and BlackRock, the world’s largest asset-management company, points to the shifting power dynamics on Wall Street https://t.co/0fCtMW1fac ...

Is this the golden age of private credit in your mind. Uh right now you work with a lot of middle market companies. What are you seeing when it comes to this the landscape and what's your outlook for the the back half of the year.Yeah, I think it's a great question because what we're really seeing actually is an evolving private credit market. And so in the comments that you made and even the kind of firms that you're referring to, they tend to focus on what we would know as the upper end of the private cre ...

Sixth Street’s Alan Waxman says his publicly traded rivals are turning private credit into a commoditized, lower-returning business https://t.co/P3uPp5a1YV ...

Sixth Street’s Alan Waxman says his publicly traded rivals are turning private credit into a commoditized, lower-returning business https://t.co/a7MWe5M7WZ ...

Global life insurance companies are facing competitive pressure to keep boosting their allocations to private credit to generate higher profit, even as risk in the debt shows signs of rising https://t.co/YSlyt19ubg ...

BlackRock and Mubadala Investment have mutually agreed to unwind their Asian private credit partnership that focuses on investments in China and Indonesia due to challenges in sourcing deals, sources say https://t.co/TFkpV48fur ...

WELCOME TO "BLOOMBERG ETF IQ." KATIE: WE HAVE THURSDAY RECORDING BECAUSE OF DISRUPTIONS. THE BIGGEST STORIES IN THE MOBILE ETF INDUSTRY, DONALD TRUMP CHEERING THE NEEDLE PLEDGE TO SPEND 5% OF GDP ON DEFENSE. IN JUST MOMENTS WE WILL SPEAK TO CYNTHIA MURPHY ON WHY THE CENTER HAS ONE OF THE BEST PERFORMING ETF'S THIS YEAR.TIM: THEN A DEEPER DIVE INTO THE SECTOR WITH TONY BANCROFT AT CAVALLI. KATIE: J. P.MORGAN IS FURTHER CEMENTING ITSELF AS THE BEST GROWING ACTIVE FUND MANAGER WITH A NEWLY LAUNCHED ETF, FOCUSE ...

Granger for the ones who get it done. >> Welcome back. A big change could be coming to your 401 K after a push from Washington to Wall Street to bring private assets to the masses.Our Leslie Picker has the story for us. Morning, Leslie. >> Hey, good morning Sarah.Obviously, this is very much in focus in the alternative asset world. Blackrock just this morning making a push out with a paper describing their plans for putting more private assets into 401 S. The firm intends to offer a target date fund with as ...