BlackRock, the world’s largest asset manager, is poised to acquire HPS Investment Partners, a leading private credit firm, for an estimated $12 billion. This strategic move signifies BlackRock’s aggressive expansion into alternative assets and its dominance in the burgeoning private credit market.
BlackRock, the world’s largest asset manager, is reportedly planning to establish a private credit venture with Indian billionaire Mukesh Ambani’s Jio Financial Services. This move signifies a growing interest in the Indian market, particularly in direct lending. This partnership will mark BlackRock’s third collaboration with Ambani, expanding their presence in India’s financial sector.
Indian family offices are set to experience significant growth in their assets under management (AUM) over the next three years, reaching $45 billion by 2026. This represents a 50% increase from the current $30 billion managed by approximately 300 family offices. The shift in investment strategy is driven by a move away from traditional assets like mutual funds towards alternative investments like private credit, venture debt, and asset allocation strategies.
