On August 4, 2023, BlackRock announced the acquisition of Kreos Capital.
Pursuant to the terms of the transaction, BlackRock, Inc. (“BlackRock”) acquired Kreos Capital (“Kreos”), with the Kreos investment team joining BlackRock’s European Private Debt Platform. Financial terms were not disclosed.
BlackRock (NYSE: BLK), based in New York, is an investment management firm. As of December 31, 2022, BlackRock managed approximately $8.6 trillion in assets.
Kreos, based in London, is a private debt manager specializing in growth and venture debt financing for tech and healthcare companies. Since 1998, Kreos has made investments worth over €5.2 billion.
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