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Search resuls for: "Scott Kapnick"


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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
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 is set to buy HPS Investment Partners, a private credit behemoth managing $150 billion, in an all-stock deal worth around $12 billion, the Wall Street Journal reported Tuesday morning. The three will now join BlackRock's global executive committee and lead a new unit combining HPS and BlackRock's existing private credit business, according to the WSJ report.
Persons: HPS, Larry Fink, Fink, Izzy Englander's, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Wall Street, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Bloomberg, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock
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