The world’s largest asset manager said Monday it is acquiring ElmTree Funds, a firm that manages $7.3 billion of assets, for ...

The acquisition is expected to close in the third quarter, pending regulatory approval. Founded in 2011, ElmTree manages a portfolio of 122 commercial properties across 31 US states.

The public markets giant now owns HPS. Its previous deal for Tennenbaum Capital Management has a troubled history ...

BlackRock, Inc. (NYSE: BLK) and HPS Investment Partners (HPS) today announced the successful completion of BlackRock’s acquisition of HPS. Private credit is reshaping financial markets and ...

HPS's core strategies—SIP, SLF, CSL, and HLEND—will retain their branding under the new name HPS, a part of BlackRock. BLK currently trades at $1,054.27 or 0.48% higher on the NYSE.

ElmTree Funds will be acquired by BlackRock in a stock trade that's expected to close in the third quarter, giving the firm ...