AdvertisementBlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager. BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth. BlackRock, the $11.5 trillion asset manager, is reportedly nearing a deal to buy HPS Investment Partners, a private credit behemoth managing $145 billion. AdvertisementFink, BlackRock's chief executive and cofounder, who built the world's largest asset manager by packaging public markets into cheap funds for the masses, has been very vocal about the firm's push into the profitable private markets.

---

Persons: HPS, Larry Fink, Fink, Izzy Englander's, HPS didn't, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Financial Times, Bloomberg, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock