Finance
BlackRock Is Among Suitors Exploring Purchase of Credit Firm HPS
- Firms have held talks as HPS also pursues a potential IPO
- Fink’s firm has made two deals this year in alternative assets
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BlackRock Inc. is among firms exploring a purchase of HPS Investment Partners, according to people with knowledge of the matter, in a deal that would push the world’s biggest asset manager into the top ranks of the private-credit market.
The two firms have held talks as HPS also pursues a potential initial public offering, said the people, who requested anonymity to discuss confidential information. Such an IPO may value HPS at $10 billion or more, Bloomberg News has reported. An acquisition would likely require a premium to that valuation, some of the people said.