BLK Expands Footprint in Private Credit, Nears HPS Investment Buyout

1. BlackRock plans to acquire HPS Investment for $12 billion. 2. The acquisition strengthens BlackRock's position in the growing private credit market. 3. HPS Investment manages $150 billion, enhancing BlackRock's alternatives portfolio. 4. This move aligns with BlackRock's strategy to diversify revenue sources from ETFs. 5. The deal could push BlackRock's alternatives assets over $500 billion.