BlackRock Completes Acquisition of HPS Investment Partners

▤ Summary

BlackRock completed its acquisition of HPS Investment Partners and combined the firm into a new Private Financing Solutions platform. The new unit brings together private credit, GP/LP solutions, and private and liquid CLO businesses. BlackRock says the combination will help it serve growing demand for integrated public and private credit solutions. The announcement also names the leaders of the combined platform and highlights the scale of the resulting asset base.

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