HPS has since written off its roughly $150 million exposure to zero, according to one of the people. The two main entities listed as defendants in the cases, Broadband Telecom and Bridgevoice, have ...
To help address some of the misconceptions about BlackRock, here's a look at some of the companies it actually owns and a ...
The asset management giant BlackRock says it has lost hundreds of millions of dollars to two little-known telecom companies that allegedly falsified collateral to obtain massive loans.
BlackRock (BLK) and other private-credit lenders are facing steep losses after uncovering what they allege was a ...
BlackRock Chase $500 Mn in Alleged Fraud Case; Porsche, Tesla, Audi Seen at Bankim Brahmbhatt’s Home
According to filings and investigative findings cited in The Wall Street Journal, lenders allege Brahmbhatt created a polished illusion of financial strength that masked forged contracts and fake ...
Larry Fink's BlackRock has bet big on private markets and tech services as the firm's next growth engines. The asset manager closed the final of its three major acquisitions, private credit firm HPS, ...
BlackRock Inc. is revamping its fixed-income division around new investment strategies and artificial intelligence. The firm's leveraged finance business will move under an executive team from HPS ...
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