Federal officials have opened a criminal investigation into Bankim Brahmbhatt, who was sued by HPS and other lenders earlier ...

Federal authorities are investigating the telecommunications executive facing fraud allegations from BlackRock’s HPS ...

Brahmbhatt and several companies linked to him, including Carriox Telecap, Carriox Towercap, and Bridgevoice Inc., filed for bankruptcy in August, a move that halted the HPS funds' Delaware case ...

Federal prosecutors are looking into a group of telecommunications companies that were accused of fraud in a lawsuit by their lenders, which included BlackRock Inc.’s private credit arm.

The asset management giant BlackRock says it has lost hundreds of millions of dollars to two little-known telecom companies that allegedly falsified collateral to obtain massive loans.

According to filings and investigative findings cited in The Wall Street Journal, lenders allege Brahmbhatt created a polished illusion of financial strength that masked forged contracts and fake ...

The ink was barely dry on BlackRock Inc.’s $12 billion acquisition of HPS Investment Partners when executives at the private credit giant realized one of their investments had gone horribly wrong. HPS ...

Larry Fink's BlackRock has bet big on private markets and tech services as the firm's next growth engines. The asset manager closed the final of its three major acquisitions, private credit firm HPS, ...