Reported October 29, 2024, 'BlackRock Talks to Buy Private-Credit Firm HPS Advance' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
BlackRock Inc. is in advanced talks to acquire HPS Investment Partners, aiming to strengthen its position in the private credit industry.
October 30, 2024 | 5:49 pm
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BlackRock Inc. is in advanced discussions to acquire HPS Investment Partners, which would bolster its capabilities in the private credit market.
The acquisition of HPS Investment Partners would allow BlackRock to expand its footprint in the private credit industry, a fast-growing sector. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term increase in BlackRock's stock price.
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