贝莱德的代表拒绝置评。HPS也没有回应置评请求。BLK.US (BLK.US), the world's largest asset management giant, is trying to compete in the rapidly growing alternative investment sector, and is currently close to reaching an agreement to acquire private credit group HPS Investment Partners.
Zhitong Finance App learned that according to foreign media reports, the world's largest asset management giant BlackRock (BLK.US) is trying to compete in the rapidly growing alternative investment sector and is currently close to reaching an agreement to acquire private credit group HPS Investment Partners. Foreign media quoted people familiar with the matter as reporting that the two sides have agreed on the general framework of the deal, with the goal of announcing the general terms after the Thanksgiving holiday.
HPS has been committed to an initial public offering (IPO) earlier this year, which is valued at around $10 billion. Two of the people familiar with the matter said the final price would be close to 12 billion US dollars.
BlackRock's representatives declined to comment. HPS also did not respond to requests for comment.
Earlier in October, it was reported that BlackRock's negotiations to acquire HPS have entered an advanced stage. If the parties fail to agree on a valuation, HPS may still opt for an IPO or sale of minority shares.
As of the end of the third quarter, BlackRock managed $11.5 trillion in assets. If the deal is reached, BlackRock will have over $500 billion in alternative assets. HPS manages more than $100 billion of capital and is one of the largest independent managers in the booming private credit market.
