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BlackRock near deal to buy private credit manager HPS
BlackRock’s $12 billion purchase of HPS gives firm a bigger chunk of red-hot private credit market
HPS co-founders Scott Kapnick, Scot French, and Michael Patterson are joining BlackRock’s global executive committee while Kapnick will also be an observer on BlackRock’s boar
BlackRock Acquires Private Credit Manager HPS for $12 Billion
Key Takeaways BlackRock is acquiring HPS Investment Partners in a deal valued at roughly $12 billion.The move to buy HPS is the asset management giant's latest push into the growing world of private credit.
BlackRock Strikes $12 Billion Deal for HPS, Pushing Into Hot Market
BlackRock agreed to buy private credit manager HPS Investment Partners in a roughly $12 billion all-stock deal that will substantially add to its private asset pile. Learn more:
5h
Larry Fink’s billionaire factory
Plus, global macro hedge funds make a killing on US presidential election bets and another scandal hits Nomura ...
Sydney Morning Herald
22h
The Republicans declare war on multibillion-dollar Wall Street giants
Larry Fink’s
BlackRock
argues that the suggestion it invested in companies ... In 2021, Texas banned a number of the major ...
2d
Wall Street Breakfast Podcast: Tavares Exits As Stellantis Sales Slump
Stellantis CEO Carlos Tavares resigns amid sales slump. Fidelity marks up value of its stake in Elon Musk's X by 32%: report.
1d
The Republicans declare war on ‘woke’ Wall Street billionaires
Even before Donald Trump has returned to the White House and the Republicans take control of Congress, things are heating up.
6d
BlackRock, Vanguard Accused of Antitrust Violations by Texas (4)
BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking ...
newsbytesapp.com
1d
IIT-Madras student bags ₹4.3cr job offer from Wall Street firm
Madras student has bagged a pre-placement offer (PPO) worth over ₹4.3 crore from Jane Street, a top Wall Street trading firm.
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