BlackRock to acquire HPS Investment Partners for $12bn.

BlackRock, an American global investment management corporation, agreed to acquire HPS Investment Partners, a global, credit-focused alternative investment firm, for $12bn. “I am excited by what HPS and BlackRock can do together for our clients and look forward to welcoming Scott Kapnick, Scot French, and Michael Patterson, along with the entire HPS team, to BlackRock. We have always sought to position ourselves ahead of our clients’ needs. Together with the scale, capabilities, and expertise of the HPS team, BlackRock will deliver clients solutions that seamlessly blend public and private,” Laurence D. Fink, BlackRock Chairman and CEO.