Citi, BlackRock's HPS Sign €15 Billion Private Credit Agreement The signing of a €15 billion private credit agreement between Citigroup (Citi) and BlackRock's High Yield Products (HPS) has sent shockwaves through the global finance market.
This massive deal reflects the evolving landscape of financial markets and is a significant investment vehicle pooling funds from institutional investors for high yield debt issuers.
Citi, one of the world's leading banks, has been involved in private credit for several years. Its private banking arm structures deals catering to high net worth clients' needs.