BlackRock’s HPS Plots New ‘H Series’ Private Funds for Retail
PositiveFinancial Markets
- BlackRock Inc. is set to introduce a new series of private markets funds, known as the 'H Series,' aimed at retail investors, following its significant $12 billion acquisition of HPS Investment Partners, a credit specialist.
- This initiative reflects BlackRock's strategy to expand its offerings to retail clients, potentially enhancing its market position and diversifying its investment products, which may attract a broader investor base seeking private market opportunities.
- The move comes amid scrutiny of BlackRock's recent acquisitions in the public utility sector, where Democratic US senators have raised concerns about transparency and the implications of rising energy demands on consumers, highlighting the complex landscape in which BlackRock operates.
— via World Pulse Now AI Editorial System
