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BlackRock Makes $12 Billion Power Move - Agrees To Acquire HPS To Bolster Private Credit Offerings

By Yahoo! Finance   |   1 year ago
BlackRock Makes $12 Billion Power Move - Agrees To Acquire HPS To Bolster Private Credit Offerings

BlackRock will acquire HPS, using BlackRock equity. The deal includes deferred payments and financial performance milestones. The acquisition enhances BlackRock's offerings for insurance clients, strengthening its position as a full-service asset management provider.

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