{"id":265310,"date":"2025-11-01T17:05:10","date_gmt":"2025-11-01T17:05:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/265310\/"},"modified":"2025-11-01T17:05:10","modified_gmt":"2025-11-01T17:05:10","slug":"credit-fraud-fears-loom-after-blackrocks-hps-zeros-out-bad-loan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/265310\/","title":{"rendered":"Credit Fraud Fears Loom After BlackRock\u2019s HPS Zeros Out Bad Loan"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The ink was barely dry on <a href=\"https:\/\/www.bloomberg.com\/quote\/BLK:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">BlackRock Inc.<\/a>\u2019s $12 billion acquisition of <a href=\"https:\/\/www.bloomberg.com\/quote\/3511538Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">HPS Investment Partners<\/a> when executives at the private credit giant realized one of their investments had gone horribly wrong.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">HPS had teamed up with <a href=\"https:\/\/www.bloomberg.com\/quote\/BNP:FP\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">BNP Paribas SA<\/a> to provide hundreds of millions of dollars to a group of companies run by little-known businessman Bankim Brahmbhatt, according to people with knowledge of the matter. HPS had taken the riskiest portion of the financing \u2014 which was purportedly backed by receivables from some of the world\u2019s biggest telecommunications providers \u2014 eyeing double-digit returns, said the people, who asked not to be identified citing private information.<\/p>\n","protected":false},"excerpt":{"rendered":"The ink was barely dry on BlackRock Inc.\u2019s $12 billion acquisition of HPS Investment Partners when executives at&hellip;\n","protected":false},"author":2,"featured_media":265311,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[142580,2919,13496,46588,28,2831,9135,2344,30351,112,2005,28212,1432],"class_list":{"0":"post-265310","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bankruptcy-protection","9":"tag-blackrock-inc","10":"tag-blue-owl-capital-inc","11":"tag-bnp-paribas","12":"tag-business","13":"tag-delaware","14":"tag-executives","15":"tag-india","16":"tag-july-sarl-caen","17":"tag-markets","18":"tag-new-york","19":"tag-private-credit","20":"tag-wealth"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/265310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=265310"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/265310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/265311"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=265310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=265310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=265310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}