Market Chatter: HPS Investment Partners Seeks to Retain Employees Following Deal With BlackRock-March 2024-www.financetom.com

Market Chatter: HPS Investment Partners Seeks to Retain Employees Following Deal With BlackRock

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Market Chatter: HPS Investment Partners Seeks to Retain Employees Following Deal With BlackRock

Dec 4, 2024 9:54 AM

12:16 PM EST, 12/04/2024 (MT Newswires) -- HPS Investment Partners, which recently entered a $12 billion equity deal to be acquired by BlackRock ( BLK ) , is offering incentive grants to lure employees to stay within the group following the acquisition, Bloomberg reported Wednesday citing an investor letter.

The letter that was sent to investors Tuesday stated that the grants vest over five years and are intended to "encourage long-term retention," according to the report.

BlackRock ( BLK ) and HPS Investment Partners did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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