{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-269350","form_type":"8-K","ticker":"BLK","cik":"0002012383","company_name":"BlackRock, Inc.","filed_at":"2024-12-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.565384+00:00","generated_at":"2026-05-29T10:25:55.638398+00:00","sec_items":["3.02","8.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BlackRock to acquire HPS Investment Partners for ~$12B in equity, expanding private credit to ~$220B","bullets":["Total consideration of ~12.1M SubCo Units (exchangeable 1:1 for BLK common); up to 13.7M shares possible with deferred/earn-out.","HPS manages ~$148B in client assets; combined private credit franchise ~$220B.","Deal expected to increase private markets fee-paying AUM by 40% and management fees by ~35%; modestly accretive to as-adjusted EPS in first full year.","HPS leadership (Kapnick, French, Patterson) to lead new unit; Kapnick joins BlackRock board as observer.","Closing expected mid-2025 subject to regulatory approvals; BlackRock to retire/refinance ~$400M of HPS debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-269350","json":"https://secwatch.observer/filing/0001193125-24-269350.json","markdown":"https://secwatch.observer/filing/0001193125-24-269350.md","text":"https://secwatch.observer/filing/0001193125-24-269350.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2012383/000119312524269350/0001193125-24-269350-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2012383/000119312524269350/d853951d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T10:25:55.638398+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}