BlackRock is reportedly close to finalizing a deal to acquire HPS Investment Partners, a move that would significantly bolster its position in the private credit sector. Sources indicate that the agreement could be announced soon, valuing HPS at $12 billion or more. The acquisition will involve a combination of cash and stock.
Negotiations have been progressing since October, with both parties aiming to finalize the deal by the end of the year. This acquisition would enhance BlackRock's alternative assets portfolio, pushing it over $500 billion, while the firm currently manages $11.5 trillion in total assets.
Despite being in the final stages, the deal could still face delays. Representatives from BlackRock and HPS have not provided comments on the ongoing discussions.
