- Kreos’ investment team will integrate into BlackRock’s European Private Debt platform
- The transaction is expected to close in Q3 2023
- BlackRock is a global investment manager based in New York
BlackRock has signed a definitive agreement to acquire full control of Kreos Capital, a provider of growth and venture debt financing to companies in the technology and healthcare industries.
No financial details of the transaction were disclosed.
Kreos Capital is based in London.
“Coupled with our expectation that growth and venture lending will figure prominently in the expansion of the global direct lending opportunity set going forward, we believe this is an opportune time to welcome the Kreos team to BlackRock,” said James Keenan, CIO, and global head of BlackRock Private Credit.
Kreos’ 45-person team will join BlackRock as part of the transaction.
Kreos’ investment team will integrate into BlackRock’s European Private Debt platform.
Kreos’ current leadership will continue to be responsible for executing on the firm’s proven investment strategies, according to a release.
The transaction, subject to regulatory approval, is expected to close in Q3 2023.
BlackRock is a global investment manager based in New York.
Skadden, Arps, Slate, Meagher & Flom provided legal advice to BlackRock.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
