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

BlackRock acquires HPS in USD 12bn deal
BlackRock has acquired HPS Investment Partners for USD 12bn in an all-stock transaction, creating a private credit franchise with a combined USD 220bn in client assets

BlackRock returns to European issuance with first CLO in 19 months
BlackRock has priced its first European CLO since April of last year arranged via Goldman Sachs  

New US CLOs price from Ares, Benefit Street Partners, Fortress, BlackRock, Trinitas and Voya
Most of the triple-A spreads confirmed the tightening of the senior portion of the primary market, including prints at 129bps, 130bps and 131bps, all tighter than the benchmark just a week ago

BlackRock prices US CLO at new 131 AAA benchmark
US BSL CLO triple As reached their tightest levels since early 2022 after the pricing of Magnetite CLO XLII yesterday

BlackRock prices two CLOs in a day, including big new issue
As well as pricing a US reset BlackRock has also printed one of the largest, and tightest, new US deals of the year with triple-As at 133bps

BlackRock returns to CLO new issue market with bumper USD 610m pricing
BlackRock has priced a mammoth new US BSL CLO issuance sized at USD 609.5m via Nomura

US spreads stay tight as BlackRock resets CLO at 135bps
Investor demand for senior CLO paper appears to be as strong as ever with the latest BlackRock reset pricing at 135bps for the triple-As

Three becomes five as BlackRock resets 2021 vintage CLO
BlackRock printed a reset of its US BSL CLO Magnetite XXIX today, a 2021 vintage deal noteworthy for its short timeline.

BlackRock prices short-dated CLO reset at 125bps
BlackRock Financial has printed a short-dated reset of its Magnetite XXII CLO, pricing the triple-A notes at SOFR plus 125bps

ORIX USA realigns private credit business with addition of BlackRock exec to team
ORIX Corporation USA has hired a BlackRock alumni as group head of direct lending, as the asset manager revamps its private credit business

BlackRock hires from Jefferies to lead private credit push in Southeast Asia
BlackRock continues to build out its private credit teams outside of North America with the addition of a new senior-level hire in Asia

BlackRock hires Goldman Sachs alumni for senior private debt role
BlackRock has hired a former Goldman Sachs veteran as co-head of private debt origination in France and head of origination in Spain

BlackRock expands investment grade private credit team
BlackRock has hired a senior executive from Pacific Life to lead the firm’s investment grade private placement platform

BlackRock confirms 145bps as the new benchmark for US AAAs
BlackRock, working with Citi as arranger, priced a new CLO last week with triple-A spreads that tied for the tightest in a non-short-dated US BSL

BlackRock keeps up issuance with new middle market CLO
In a flurry of activity, BlackRock followed its Magnetite XVII reset last Tuesday with a new middle market CLO deal the following Wednesday, just outside the tightest such deal recorded so far this year

BlackRock reshuffles European fixed income group leadership
BlackRock is rearranging its European fundamental fixed income group with a new senior-level promotion, as veteran Michael Krautzberger plans his departure

Another European CLO single B gets drawn by Blackstone
Blackstone priced its second delayed draw issue in three weeks via BNP Paribas, this week targeting Glenbrook Park CLO 

BlackRock names new head of private credit for India
BlackRock's Maheshwar Nataraj gets a promotion as Dhruva Agarwal departs. 

BlackRock CLO PM lands at Carlyle
BlackRock’s lead US CLO portfolio manager is moving to Carlyle, according to market sources

Indonesian sovereign wealth fund hires former BlackRock credit exec
Former BlackRock executive Christopher Ganis has been hired by the Indonesia Investment Authority, or INA, as managing director of investments, overseeing the hybrid capital solutions division

BlackRock launches securitised asset fund
BlackRock has launched a new securitised asset fund dubbed the BlackRock Senior Securitised Fund with at least 65% exposure to ABS and no more than 35% to CLOs

BlackRock raises EUR 1.25bn for venture debt fund
BlackRock-owned Kreos Capital held the final close on the Kreos Capital VII fund with commitments of EUR 1.25 billion

BlackRock matches recent tights for the latest 2022 vintage CLO reset
The steady stream of 2022 vintage CLOs resetting continued today, with BlackRock resetting Magnetite XXXV

BlackRock creates ESG-focused credit fund
BlackRock launches new strategy as interest in private credit and sustainable investments continues to grow