HPS, a private global credit investment manager with around $148bn in client assets, will combine with BlackRock’s existing $3trn public fixed income business to provide both public and private income solutions to clients.
Founded in 2007 by former Goldman Sachs global investment banking co-head Scott Kapnick, HPS was originally formed as a division of Highbridge Capital Management within JP Morgan Asset Management.
The firm now oversees $123bn in private credit and $22bn of public credit, making it one of the largest private credit owners on Wall Street.
BlackRock UK chair cal…
Read the full article here
