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Hps Investment Partners

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finance2 months ago•5 min saved

BlackRock Faces $500 Million Loss Amid Fraud Allegations

BlackRock's recent acquisition of HPS Investment Partners revealed a $150 million loss due to a fraudulent telecom loan backed by fake collateral, involving lawsuits against businessman Bankim Brahmbhatt, highlighting risks in asset-based finance amid broader credit market concerns.

via Bloomberg.com|

#bankruptcy #blackrock #credit-fraud

business1 year ago•0 min saved

HPS Introduces Retention Incentives Post-BlackRock Acquisition

HPS Investment Partners is offering five-year vesting grants to its employees as an incentive to retain staff following its acquisition by BlackRock. The grants are designed to reward employees for their contributions and encourage long-term retention, as detailed in a letter to investors.

via Bloomberg|

#acquisition #blackrock #business