US-based asset manager BlackRock is set to acquire private credit manager HPS Investment Partners, one of the largest US private credit firms.
According to unconfirmed reports in the Financial Times, both firms have agreed on the outline of a deal with details expected to be released next week.
If it goes ahead the deal will add to a spate of recent acquisitions by the world’s largest asset manager, including its $12.5bn acquisition of Global Infrastructure Partners and its £2.6bn purchase of data provider Preqin.
Neither HPS nor BlackRock have commented.
