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BlackRock Is Near Deal to Buy Private Credit Manager HPS
News December 02, 2024 at 11:41 AM
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What You Need To Know
- The deal would leave BlackRock, which manages $11.5 trillion, with more than $500 billion of alternative assets.
- An agreement could be announced this week and value HPS at $12 billion or more.
- HPS would turbocharge BlackRock’s ability to compete in one of finance’s hottest and most lucrative areas.
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