BlackRock’s HPS Makes Its First Asia Investment After Merger

HPS Investment Partners has invested $50 million in Malaysian logistics firm Teleport, marking the global private credit firm’s first deal in Asia after being acquired by BlackRock Inc.

HPS funds will subscribe to redeemable convertible perpetual securities issued by Teleport, according to a press release. The deal values the company — a unit of Capital A Bhd. — at $500 million.