BlackRock Acquires HPS Investment Partners

July 1, 2025

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.

Buyers
BlackRock, Inc.
Targets
HPS Investment Partners
Location
New York, United States
Transaction Type
Buyout

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