CosmicTaco

BlackRock's $12bn HPS Acquisition Boosts Alternative Assets

CosmicTaco · 2024-12-03T18:44:45.143044+05:30

- BlackRock agrees to acquire HPS Investment Partners for $12bn, aiming to expand in the alternative assets market. - The deal includes $9.3bn in stock and 2.9mn shares, contingent on HPS meeting financial targets. - HPS's $148bn in assets will boost BlackRock's alternatives to nearly $600bn, intensifying competition with KKR, Blackstone, and Apollo. Source: [Financial Times](https://www.ft.com/content/70a053d4-5294-4797-ba84-0ffef6bd8b4c)

BlackRock agrees to acquire HPS Investment Partners for $12bn, aiming to expand in the alternative assets market.
The deal includes $9.3bn in stock and 2.9mn shares, contingent on HPS meeting financial targets.
HPS's $148bn in assets will boost BlackRock's alternatives to nearly $600bn, intensifying competition with KKR, Blackstone, and Apollo.

Source: Financial Times