m_and_a
confidence high
sentiment neutral
materiality 0.50
BlackRock completes HPS acquisition; fund enters identical advisory, dealer, admin agreements
HPS Corporate Capital Solutions Fund
- BlackRock (BLK) closed acquisition of 100% of HPS business and assets effective July 1, 2025.
- HPS Corporate Capital Solutions Fund entered a new investment advisory agreement substantively identical to the prior one.
- Fund also entered new managing dealer and administration agreements, all substantively identical to prior agreements.
- Prior investment advisory, managing dealer, and administration agreements were terminated upon closing.
- Combined private credit platform Private Financing Solutions formed with $190B in client assets; led by Kapnick, French, Patterson.
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