Tue, Jul 21, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

BlackRock to acquire HPS and create private credit franchise
Thursday, December 05, 2024

B. G., Opalesque Geneva:

BlackRock and HPS Investment Partners have agreed for BlackRock to acquire HPS for approximately $12bn, with 100% of the consideration paid in BlackRock equity.

This purchase was widely anticipated. HPS was considering an IPO earlier this year but instead opted to sell to the giant asset manager, reports Fortune, adding that BlackRock's stock on Tuesday closed at $1039, up nearly 2%.

Headquartered in New York and founded in 1988, BlackRock is the world's largest asset manager, with $11.5tln in AuM at the end of 2023. Founded in 2007 and with offices in New York and Chicago, HPS is a global credit investment manager with $148bn in client assets as of September 2024.

The future of fixed income

The future of fixed income is building public and private portfolios to optimize liquidity, yield, and diversification, according to the announcement. This transaction will bring together BlackRock's strong corporate and asset owner relationships with HPS's diversified origination and capital flexibility. The combined private credit franchise will work side-by-side with BlackRock's $3tln public fixed-income business to provide both public and private income solutions for clien......................

To view our full article Click here
Article link
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

    Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

  2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

    Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

  3. And, finally: Time to share it with the people[more]

    From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

  4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

    Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m

Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. TOMS
  2. CIFC
  3. Orion Commodities
  4. Zimmer Partners
  5. Banor
  1. mortgage fund
  2. fund manager
  3. outsource
  4. new fund launch
  5. separately managed accounts