Deal Roundup: BlackRock emerges as bidder to acquire HPS, KKR announces $50bn strategic deal

Asset management giant BlackRock has emerged as the sole bidder in talks to acquire private credit firm HPS Investment Partners, Bloomberg News reported on Tuesday, citing people with knowledge of the discussions, according to Reuters. BlackRock, which manages more than $10 trillion, is seeking to capitalize on a boom in investor demand for alternative assets, …