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BlackRock Talks to Buy Private-Credit Firm HPS Advance.
- Source :
- Bloomberg.com; 10/30/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- BlackRock Inc. is in advanced talks to acquire HPS Investment Partners, aiming to expand its presence in the private credit industry. The potential deal could leave BlackRock with over $500 billion in alternative assets, with HPS seeking a post-IPO valuation of $11 billion. BlackRock's CEO, Larry Fink, has been actively pursuing acquisitions in private markets to cater to the growing demand from various institutional and retail investors. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 180633899