BlackRock is among firms exploring a possible purchase of HPS Investment Partners, people with knowledge of the matter told Bloomberg’s Gillian Tan, Dinesh Nair, Davide Scigliuzzo and Ryan Gould. Private equity firm CVC Capital Partners has also been interested in a potential combination with HPS and has held on-and-off talks, but no formal negotiations are currently underway, according to the report. HPS, which is among the largest independent managers in the $1.7 trillion private-credit market, is still pursuing a potential initial public offering that may value it at $10B or more, Bloomberg’s sources said. An acquisition would likely require a premium to that valuation, some of the people added, according to the report.
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