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BlackRock acquires Kreos Capital to boost private debt capabilities

World's largest asset manager looks to strengthen its toehold in private credit

BlackRock headquarters in New York

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By
Kristen McGachey

BlackRock has acquired Kreos Capital as it looks to strengthen its toehold in the private debt market.

The $9.1tn asset manager, the world's largest, said the deal, complements its existing global credit business, while also unlocking additional private debt capabilities for its clients.

Kreos' 45 employees will join BlackRock as part of the...