BlackRock Acquires HPS Investment Partners

BlackRock Acquires HPS Investment Partners

July 1, 2025

Financial Services

BlackRock has completed its acquisition of HPS Investment Partners and is creating a combined Private Financing Solutions (PFS) platform that integrates BlackRock’s public fixed income capabilities with HPS’s private credit, GP/LP, and CLO businesses. The combined PFS franchise will manage approximately $190 billion in client assets for private credit and maintain HPS branding as “HPS, a part of BlackRock,” with HPS CEO Scott Kapnick joining as an observer to the BlackRock board.

HPS Investment Partners Acquires Majority Stake in SGS & Co

May 1, 2023

Marketing & Advertising

HPS Investment Partners has completed a transaction to acquire a majority equity stake in SGS & Co, a global provider of technology-enabled brand design, digital marketing, and packaging artwork services. The deal restructures SGS's capital structure with substantial debt reduction and positions the company to accelerate investments in technology, automation, and service expansion.

HLM Leads $16M Growth Investment in HPS/PayMedix; $33M Financing Raised

January 13, 2026

Healthcare Services

HPS/PayMedix closed $33 million of equity and debt financing to accelerate national growth of its healthcare financing and payments platform. The round was led by HLM Investment Partners ($16M growth equity) and included Escalate Capital Partners (providing a $17M term debt facility), RVM Enterprises, and existing investor SV Health Investors.

Blackstone Acquires PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate completed the acquisition of all outstanding shares of PS Business Parks, Inc. for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion. The deal brings PSB's portfolio—93 properties serving ~4,800 tenants across ~27 million square feet (plus ~800 residential units)—into Blackstone's real estate platform (operated via Link Logistics), expanding its industrial/industrial-flex and suburban office footprint.

HPS, Atlantic Park and Morgan Stanley Recapitalize OneTeam Partners as RedBird Exits

September 15, 2022

Media & Entertainment

OneTeam Partners has completed a recapitalization that brings HPS Investment Partners, Atlantic Park Strategic Capital Fund and Morgan Stanley Tactical Value into the company, replacing founding investor RedBird Capital Partners. The new investor group will support OneTeam's next phase of growth as the sports licensing, marketing and media company looks to diversify its business and expand into new areas.

Funds Managed by HPS Acquire Marlin Business Services Corp.

January 20, 2022

Financial Services

Funds managed by affiliates of HPS Investment Partners LLC completed the acquisition of Marlin Business Services Corp. on January 20, 2022 for $23.50 per share in an all-cash transaction. Marlin becomes a wholly owned subsidiary and will be integrated into HPS's Global Leasing Platforms (including PEAC UK and PEAC Europe) to expand equipment financing capabilities and market reach for small-business customers and dealer partners.