HPS Offers Incentives to Retain Staff After Sale to BlackRock
HPS Investment Partners is offering employees grants that vest over five years to encourage them to stay on after being ...
BlackRock’s $12 billion purchase of HPS gives firm a bigger chunk of red-hot private credit market
BlackRock has clinched its third big acquisition this year. The world’s largest asset manager is buying HPS Investment ...
FinanceAsia23h
BlackRock acquires HPS Investment Partners for $12bn
HPS is a global credit investment manager with approximately $148bn in client assets; BlackRock expects the private debt ...
Pensions&Investments10h
BlackRock has $1.3 billion pay pot to retain new rainmakers after acquisition spree
Across the purchases of private credit firm HPS Investment Partners and Global Infrastructure Partners this year, BlackRock ...
WealthManagement.com10h
Even BlackRock Is Fleeing Public Markets
The $11.5 trillion money manager’s recent acquisitions reflect investors’ boredom with stocks and bonds and a desire for ...
Opalesque10h
BlackRock to acquire HPS and create private credit franchise
BlackRock and HPS Investment Partners have agreed for BlackRock to acquire HPS for approximately $12bn, with 100% of the consideration paid in BlackRock equity.
BlackRock’s New Deals Task Fink With Hanging Onto Key Talent
Larry Fink is shelling out about $25 billion in the space of a year to turn BlackRock Inc. into a top-five player in ...
wealthprofessional.ca12h
BlackRock plans US$12bn acquisition to expand private credit
HPS currently manages about US$148bn in assets, while BlackRock oversees US$11.5tn as of the third quarter. The transaction ...
corporate-adviser.com10h
BlackRock expands into private markets with $12bn HPS acquisition
BlackRock has expanded its footprint in private credit with the purchase of HPS Investment Partners for $12bn. Both firms ...
Larry Fink’s billionaire factory
Plus, global macro hedge funds make a killing on US presidential election bets and another scandal hits Nomura ...
BlackRock price target raised to $1,200 from $1,090 at Wells Fargo
Wells Fargo raised the firm’s price target on BlackRock (BLK) to $1,200 from $1,090 and keeps an Overweight rating on the shares following HPS ...
Investor Daily6h
BlackRock expands alts footprint with $18bn acquisition
The wealth giant has announced an $18 billion deal to acquire a leading US-based private credit manager, marking its third ...