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Why BlackRock is shelling out $12bn for private credit shop HPS
贝莱德为何斥资120亿美元收购私人信贷机构HPS

World’s biggest fund manager seeks to elbow its way into industry dominated by the likes of Apollo and Blackstone
manbetx app苹果 最大基金管理公司试图挤入由阿波罗和黑石集团等公司主导的行业。

HPS Investment Partners could hardly be more different than its suitor, BlackRock. Whereas BlackRock, an $11.5tn powerhouse, is best known for investing clients’ funds across huge swaths of public markets, HPS has earned a windfall on targeted bets in the private lending sector.

HPS投资合伙公司(HPS Investment Partners)与其追求者贝莱德(BlackRock)几乎截然不同。贝莱德是一家管理11.5万亿美元资产的巨头,以在公共市场的大范围投资客户资金而闻名,而HPS则通过在私人借贷领域的精准投资赚取了丰厚的收益。

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