Wealth and Asset Management
BlackRock targets private credit growth with $12 bln HPS acquisition
BlackRock, opens new tab will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world's largest asset manager seeks to expand in a red-hot market. Private credit, or lending to companies by institutions other than banks, has…
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Click here to read the full story: Reuters