BlackRock to acquire credit manager Kreos Capital

The deal will see the Kreos investment team join BlackRock and will expand the asset manager’s risk/return offering in private credit.

Global asset manager BlackRock has announced plans to acquire specialist private debt manager Kreos Capital.

The firms have reached an agreement for BlackRock to acquire full control of Kreos, which provides growth and venture debt funding for the technology and healthcare sectors.

BlackRock said the deal will enhance its position as a credit asset manager and provide its clients with a broader range of private markets investment products.

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