BlackRock rockets up after HPS buyout
After its acquisition of HPS, BlackRock has risen from 18th place to seventh in the US BSL AUM table. The highest-profile faller is UBS, which dropped out of the top 10. It was top in 2024

Private credit incentivized to seek more protection than BSL
With the First Brands fallout still in the headlines, private credit managers sought to differentiate themselves from the banks that underwrote the troubled auto lender

HPS and Permira price Euro resets
HPS and Permira both returned to the market Friday with European resets, with deals that had not been repriced since 2021

HPS resets, upsizes private credit CLO
The debt tranches in the deal were upsized by USD 255m, to a total of USD 578m, in an issue arranged by Bank of America

HPS partners with Vistina on investment grade ABF
The new collaboration will give HPS parent company BlackRock greater access to the growing ABF market for its investors

New Euro issuance returns with a flourish as HPS, Brigade and Palmer Square price deals
European managers are well and truly back from summer holidays, with three new CLOs printing on Wednesday – the first new European issues to price in four weeks

HPS markets new issue as European deal activity ramps up
The manager is marketing its newest European CLO, one of a brace of new issues and resets set to price this month

BlackRock plans private markets LifePath retirement fund for 2026
The asset manager, which closed its HPS acquisition earlier this month, looks to launch its own proprietary private-public market target date fund

Virginia, New Mexico among pension systems making new private credit commitments
Virginia Retirement System allocates USD 500m under credit strategies portfolio, while New Mexico State Investment Council allocates USD 250m to Fortress Investment Group and Indiana Public Retirement System commits USD 200m to HPS

Two-year-old HPS reset cuts AAA spread by 87bps
The reset of HPS Loan Management 2023-18 lowered the overall cost of capital by more than 113bps

HPS prints new private credit CLO with triple As at 165
The deal is the second mid-market issue for HPS so far this year

HPS issues third new US BSL CLO for 2025
The manager priced the half-billion-dollar transaction on Friday with triple As at SOFR plus 143bps

European new issues re-start as HPS prices EUR 407m CLO
The deal – the first new European deal in almost four weeks – priced its triple As at Euribor plus 140bps

HPS prepping to issue a European CLO, the first for the market in three weeks
EXCLUSIVE: The manager is looking to price a new European CLO via Jefferies next week, with expectations of wider spreads than before the April volatility 

HPS undertakes second reset and renaming of 2017-vintage Euro CLO
The deal takes the manager’s total European issuance for the year to over EUR 1.2bn

Private credit managers consider smaller fund targets
ANALYSIS: Some private credit managers are considering a smaller fundraise, bucking the convention of always aiming for bigger funds 

HPS, Capital Four print 2019-vintage Euro resets
Both deals widened spreads on their triple As and increased their overall cost of funding as part of the repricings  

HPS issues new BSL CLO with AAAs at SOFR plus 115bps
The second deal from the manager so far this month printed with triple-A coupons 3bps tighter than the first  

HPS achieves sub-120 AAA spread deals with new US CLO
Having already printed new European and private credit CLOs in 2025, HPS priced its first new US BSL deal of the year  

HPS's massive deal sets new low for private credit CLO spreads
HPS has priced its first new private credit CLO since its purchase by BlackRock, clearing a massive USD 1.25bn deal 

HPS and Palmer Square CLO AAAs hit 125 in Europe
The two new-issue deals that priced last week were among the tightest to price since the start of the year

HPS upsizes latest European new issue
HPS Investment Partners has increased post-pricing its latest new-issue European CLO – Aqueduct European CLO 10 -- by EUR 153.4m to EUR 610.8m

HPS fundraises to invest in CLOs
HPS Investment Partners has been fundraising for CLO investments and has made two registrations for CLO funds in Luxembourg

HPS prints new vanilla deal as European market maintains momentum
A new EUR 457.4m BSL CLO from HPS continued the unusually strong bout of December issuance momentum

HPS deal is expensive but catapults BlackRock into private credit top five
BlackRock is poised to become one of the largest private credit managers in the world after agreeing to buy private credit manager HPS Investment Partners at a rich 30x multiple