Interlace Secures $10Mn Series B1, Expands Leadership for Global Growth

Interlace, a global card issuance and digital asset management platform based in Singapore, announced today that it has raised $10 million in its Series B1 funding round. The round was led by Bitrock Capital, with participation from prominent individual investors in the fintech industry, including early employees and senior managers from leading companies such as Klarna and Robinhood. To date, Interlace has issued over 4.5 million cards, partnered with 100+ integrated partners, and processes over 60 million transactions annually. The new funding will support Interlace’s...

BlackRock to Acquire HPS Investment Partners

HPS Investment Partners is a leading global credit investment manager that provides creative capital solutions across $148 billion in client assets This combination creates an integrated private credit franchise with ~$220 billion in client assets Expected to increase private markets fee-paying AUM and management fees by 40% and ~35%, respectively Transaction structured for leadership continuity and alignment with BlackRock’s shareholders, with proceeds paid in BlackRock equity HPS leadership team will lead a new, combined business unit...

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