Reported Earlier, 'BlackRock Is Among Suitors Exploring Purchase of Credit Firm HPS' - Bloomberg
Portfolio Pulse from Benzinga Newsdesk
BlackRock Inc. is reportedly exploring the purchase of HPS Investment Partners, which would enhance its position in the private-credit market.
October 09, 2024 | 7:27 pm
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BlackRock Inc. is considering acquiring HPS Investment Partners, which could significantly enhance its standing in the private-credit market.
The potential acquisition of HPS Investment Partners by BlackRock would likely enhance its capabilities and market share in the private-credit sector, which is a growing area of interest for asset managers. This move could be seen positively by investors, potentially leading to a short-term increase in BlackRock's stock price.
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