Blackrock completed the acquisition of HPS Investment Partners for $12bn.

Blackrock, a private equity firm, completed the acquisition of HPS Investment Partners, an investment firm that offers portfolio management and advisory services, for $12bn. “BlackRock has always looked at the full breadth of our clients’ needs in everything we do. Through this combination, we are more strongly positioned to serve our clients, globally and locally, through our One BlackRock culture, with solutions that seamlessly blend public and private. The creation of PFS means that we can answer far more client needs with far fewer calls, creating a comprehensive solutions provider for clients and borrowers alike. We are excited to realize the potential of this platform and thrilled to have Scott, Scot, Mike and the talented HPS team join us on this journey,” Laurence D. Fink, BlackRock Chairman and CEO.