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Why BlackRock is shelling out $12bn for private credit shop HPS
貝萊德爲何斥資120億美元收購私人信貸機構HPS

World’s biggest fund manager seeks to elbow its way into industry dominated by the likes of Apollo and Blackstone
全球最大基金管理公司試圖擠入由阿波羅和黑石集團等公司主導的行業。

HPS Investment Partners could hardly be more different than its suitor, BlackRock. Whereas BlackRock, an $11.5tn powerhouse, is best known for investing clients’ funds across huge swaths of public markets, HPS has earned a windfall on targeted bets in the private lending sector.

HPS投資合夥公司(HPS Investment Partners)與其追求者貝萊德(BlackRock)幾乎截然不同。貝萊德是一家管理11.5兆美元資產的巨擘,以在公共市場的大範圍投資客戶資金而聞名,而HPS則通過在私人借貸領域的精準投資賺取了豐厚的收益。

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