BlackRock’s HPS commits up to S$555m to TBS waste platform

The multi-tranche investment will support the Jakarta-based energy company’s organic expansion and acquisitions across Singapore, Indonesia and other Asian markets.
October 27, 2026

Funds and accounts managed by HPS Investment Partners (HPS), part of BlackRock, have agreed to invest up to S$555 million ($433.3 million) in the Asian waste management platform of Indonesia-listed TBS Energi Utama (TBS).

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