BlackRock completes HPS acquisition, creating $190B private credit platform

BlackRock TCP Capital Corp.

BlackRock completed acquisition of 100% of HPS Investment Partners on July 1, 2025.
Combined private credit platform totals $190B in client assets; new Private Financing Solutions (PFS) unit created.
HPS strategies (SIP, SLF, CSL, HLEND) to retain branding; PFS led by Scott Kapnick, Scot French, Michael Patterson.
For TCPC, Advisor's investment committee now includes 7 voting members: Tseng, Mehring, Worrell, DiPaolo, Keswani, Fenstermacher, Parekh.

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