BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion

Published On Dec 3, 2024, 6:51 AM

BlackRock is acquiring HPS Investment Partners for $12 billion as it expands into the private credit market. This acquisition is part of a broader trend in private credit investment, where firms like BlackRock want to strengthen their position in this growing sector. The deal is set to close in mid-2025 and will increase BlackRock's assets in private credit to around $220 billion. BlackRock seeks to merge public and private markets, enhancing its offerings with the addition of HPS's capabilities, which manage about $148 billion in assets.

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Stock Forecasts

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Positive

The acquisition is expected to enhance BlackRock's growth in the private credit sector, especially during a time when companies in this field are seeing significant gains. Given the overall positive sentiment towards private credit investment, and comparable firms' strong performance, BlackRock's stock is likely to benefit from this strategic expansion.

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