blackrock inc blk announced a deal to acquire kreos capital for undisclosed terms kreos offers growth and venture debt financing to companies in the technology and healthcare industries kreos is headquartered in london and its 45person team will join blackrock as part of the transaction the acquisition will complement blackrocks global credit business and enhance its position as a global credit asset manager the buyout will offer blackrocks customers a vast range of private market investment products and solutions blackrocks recent global private market survey found that more than half of respondents plan to increase their private credit holdings in 2023 current market dynamics have made private credit an attractive asset class as investors focus on its income generation low volatility portfolio diversification and its low defaults versus public markets the addition of this highquality team with an excellent track record across multiple market cycles creates an opportunity for blackrock to offer a larger proportion of the riskreturn spectrum to investors globally said stephan caron head of emea private debt the transaction is expected to close in q3 2023 subject to customary regulatory and closing conditions with no material impact expected on blackrock earnings also read blackrock asks employees to resume fulltime office four days a week price action blk shares closed lower by 025 at 67823 on wednesday