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.

HPS, which manages nearly $150bn in assets, is a major player in the private credit industry since its inception as a JPMorgan Chase unit in 2007. Neither HPS nor BlackRock has made an official ...

Participation notification by BlackRock Inc. Brussels, Belgium – July 09, 2025 - 8:30 CESTAccording to Belgian transparency ...

BlackRock will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday, as the world's largest asset manager seeks to expand in a ...

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 ...

BlackRock deepens its private credit push with HPS acquisition, targeting $400B in private markets fundraising by 2030.

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.

As we noted late last week, breaking news about BlackRock BLK closing in on its acquisition of HPS didn’t surprise us. HPS, an alternative asset manager focused on private credit, had $107 ...