BlackRock Acquires HPS Investment Partners for ~$12 Billion

BlackRock has reached a definitive agreement to acquire HPS Investment Partners, a global credit investment manager with ~$148 billion in client assets. The deal is valued at around $12 billion, paid entirely in BlackRock equity via a subsidiary, with a one-for-one exchange into BlackRock common stock. HPS’s leadership (including its key executives) will continue to […]

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