BlackRock Boosts Global Credit Business With Kreos Capital Buyout
Portfolio Pulse from Lekha Gupta
BlackRock Inc (NYSE:BLK) is set to acquire Kreos Capital, a growth and venture debt financing provider for technology and healthcare companies. The acquisition will complement BlackRock's Global Credit business and offer its customers a wider range of private market investment products and solutions.
June 08, 2023 | 10:29 am
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BlackRock's acquisition of Kreos Capital will strengthen its Global Credit business and expand its private market investment offerings.
The acquisition of Kreos Capital will enhance BlackRock's position as a global credit asset manager and provide its customers with a broader range of private market investment products and solutions. This is expected to attract more investors and increase the company's assets under management, positively impacting its stock price in the short term.
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