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BlackRock in Advanced Talks to Buy Private-Credit Firm HPS
By
Janet Levaux
News October 30, 2024 at 03:11 PM
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What You Need To Know
- The deal would leave BlackRock, which managed $11.5 trillion as of Sept. 30, with more than $500 billion in alternative assets.
- BlackRock wants to replicate its dominant scale in stock and bond markets in private assets, which are increasingly sought by wealthy retail clients.
- The company recently completed a $12.5 billion acquisition of Global Infrastructure Partners.
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