US EditionBlackRock Stakes Its Future on Private Markets
4 Articles
4 Articles
BlackRock Stakes its Future on Private Markets
Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at BlackRock wrapping up its acquisition of HPS and bumper deals boosting global dealmaking. Plus, buyout firms struggle to reconcile the high cost of debt with rising value targets — Silas Brown, Kat Hidalgo.There will be no issue of Going Private on Friday, due to Independence Day. Normal se…
BlackRock, the world's largest private investment fund, announced the creation of a private credit service after purchasing HPS Investment.
BlackRock Creates Private Financing Solutions After HPS Buy - Markets Media
BlackRock, Inc. and HPS Investment Partners (HPS) announced the successful completion of BlackRock’s acquisition of HPS. Private credit is reshaping financial markets and the structural trends supporting its growth have accelerated the convergence of public and private markets. Financing activity is being shifted toward the capital markets, positioning asset managers to match long-dated capital with long-term investors, including insurance compa…
Following the transaction, the management company created a platform called Private Financing Solutions (PFS).
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