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BlackRock closes acquisition of private debt manager Kreos Capital

BlackRock has completed its acquisition of private debt manager Kreos Capital, a provider of growth and venture debt financing to companies operating in the technology and healthcare industries.

BlackRock has completed its acquisition of private debt manager Kreos Capital, a provider of growth and venture debt financing to companies operating in the technology and healthcare industries.

The acquisition of Kreos adds to BlackRock’s credit asset management offering and provides clients with an additional range of private market investment products and solutions.

Kreos’ London-based 45-person team will integrate into BlackRock’s European Private Debt platform as of 7 August, and the firm’s current leadership team will continue to be responsible for executing on existing investment strategies.

Moelis & Company acted as exclusive financial adviser and Goodwin Procter London provided legal advice to Kreos Capital. Skadden, Arps, Slate, Meagher & Flom provided legal advice to BlackRock.

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