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A dealmaking splurge by BlackRock in 2024 may continue as the world's largest asset manager is expected to opportunistically look to further expand in private credit, real estate, infrastructure ...
BlackRock’s buy of HPS, a leading global credit investment manager with $148 billion in client assets, was widely anticipated. ... private credit and real estate, the Wall Street Journal ...
The firm focuses on investments in private credit, public credit, private equity and real assets. In 2022, HPS was ranked by Private Debt Investor as the third largest private debt investment company based on total fundraising over the most recent five-year period. [2] As of December 2024, HPS has $148 billion in assets under management. [3]
That same year, BlackRock's $5.4 billion purchase of Stuyvesant Town–Peter Cooper Village, a Manhattan housing complex, became the largest residential-real-estate deal in U.S. history. When the project ended in default, BlackRock clients lost their money, including the California Pension and Retirement System, which lost about $500 million. [3]
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here's how even ordinary investors can become the landlord of Walmart, Whole Foods or Kroger
BlackRock, Inc. is an American multinational investment company.Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$11.5 trillion in assets under management as of December 31, 2023. [1]
Broadly, financial professionals and real estate investors, such as Sam Zell, were skeptical that they could function as portfolios, even as some firms began to purchase homes en-masse. [1] This push was "led" [ 5 ] [ 6 ] by private equity and alternative investment firm Blackstone , which founded Invitation Homes to purchase individual homes ...
Chief Investment Officer Matt Birenbaum of AvalonBay Communities (AVB), a real-estate investment trust, explained, “We think we’re really in the early stages of what could be a pretty ...