HPS Investment Partners
HPS Investment Partners is a leading global credit investment manager with over $120 billion in assets under management, providing institutional investors with access to a comprehensive range of private credit, leveraged finance, and alternative credit strategies. Founded in 2007 and headquartered in New York with offices in major financial centers, HPS has grown into one of the most significant and respected credit-focused alternative investment managers in the world, with investment strategies spanning direct lending, asset-based lending, mezzanine and subordinated debt, special situations credit, structured credit, and liquid credit including leveraged loans and high yield bonds. According to its website at hpsim.com, HPS manages capital for a global institutional client base including pension funds, sovereign wealth funds, insurance companies, endowments, and family offices, providing them with institutional-quality credit investment solutions across the full spectrum of private and public credit markets.
HPS's private credit platform, described at hpsim.com, encompasses direct lending to large and upper middle market companies — where HPS is one of the most active and well-capitalized lenders in the global private credit market, with the ability to lead or anchor very large financing transactions that require substantial balance sheet capacity; mezzanine and subordinated debt investing; asset-based lending secured by diversified pools of financial assets; and special situations credit targeting companies requiring complex, bespoke capital solutions. HPS's scale — with over $120 billion in credit assets — provides the firm with the firepower to lead multi-billion dollar private credit transactions, providing a meaningful competitive advantage over smaller direct lenders whose capital constraints limit their ability to serve the largest private equity sponsors and corporate borrowers seeking significant private credit financing.
HPS Investment Partners announced in late 2024 that it would be acquired by BlackRock — the world's largest asset manager — in a landmark transaction that would combine HPS's leading private credit platform with BlackRock's global investment management infrastructure, distribution capabilities, and institutional client relationships. According to hpsim.com, this combination with BlackRock is expected to significantly extend HPS's market reach, investor access, and origination capabilities while preserving the investment culture, team, and credit investment processes that have driven HPS's success. HPS's combination of $120 billion in credit assets, comprehensive private and public credit strategy platform, large transaction capacity, global institutional client base, and transformative BlackRock partnership positions it as one of the most significant participants in the global alternative credit investment landscape.