NEW
YORK, June 24, 2024 /PRNewswire/ -- HPS
Investment Partners, LLC ("HPS"), a leading global credit
investment firm with approximately $114
billion of assets under management, today announced the
final close of Specialty Loan Fund VI (together with parallel funds
and accounts, "SLF VI" or the "Fund"), with $21.1 billion in investable capital. This
includes $14.3 billion in equity
commitments from a range of large, sophisticated global
institutions including new and repeat HPS investors as well as
available borrowings. Of the equity commitments, approximately
$10.4 billion were raised in the
commingled fund, exceeding its original target of $7.5 billion, and the remainder was raised in
funds-of-one, separately managed accounts, and co-investment
vehicles.
To date, SLF VI has invested more than $2.5 billion of its investable capital across 29
investments. The Fund will continue to pursue unique opportunities
to deploy its capital while seeking differentiated, attractive
returns for its investors by utilizing HPS's scale, relationships,
and analytical and structuring capabilities to originate and invest
in a range of capital solutions for borrowers across sectors and
geographies.
"As one of the largest and longest-tenured direct lending
platforms, we are well positioned to capitalize on the rapidly
growing demand for bespoke capital solutions from companies as they
execute on their business strategies through evolving market
cycles," said Michael Patterson, a
Governing Partner of HPS and the Portfolio Manager for HPS's direct
lending funds. "Our analytical rigor and ability to navigate
complexity quickly, combined with our scale and relationships,
enable us to see a variety of transactions with leading
sponsor-backed, non-sponsor backed, and public companies, and
selectively execute on those that we believe offer the most
attractive risk-adjusted returns for our clients."
"This latest milestone, which follows two record fund closes in
2023, demonstrates the strong momentum across our business and our
position as a partner of choice to the world's largest and most
sophisticated institutions, as they initiate and grow private
credit exposure to achieve their investment objectives. We are
honored by our investors' support and will continue to diligently
invest and protect their capital," added Scott Kapnick, Chief Executive Officer of HPS.
"Private credit plays an increasingly vital role in the development
of Western capital markets and is rapidly expanding into investment
grade and asset-backed financings. We look forward to applying the
same experience and discipline that made us successful with our
flagship funds and continuing to provide our investors with a
comprehensive set of solutions across the risk/return
continuum."
Specialty Direct Lending, one of the two HPS flagship senior
direct lending strategies, employs an opportunistic investment
approach that leans on its structuring expertise to source and
execute investment opportunities that can command a premium due to
perceived business or transactional complexity. Together with its
Core Senior Lending Platform, HPS's other senior direct lending
strategy focused on senior lending to stable and established middle
market and large-scale companies, HPS's senior direct lending
platform has invested approximately $100
billion in over 639 investments since 2010.
About HPS Investment Partners
HPS Investment Partners, LLC is a leading global,
credit-focused alternative investment firm that seeks to provide
creative capital solutions and generate attractive risk-adjusted
returns for our clients. We manage various strategies across the
capital structure, including privately negotiated senior debt;
privately negotiated junior capital solutions in debt, preferred
and equity formats; liquid credit including syndicated leveraged
loans, collateralized loan obligations and high yield bonds;
asset-based finance and real estate. The scale and breadth of our
platform offers the flexibility to invest in companies large and
small, through standard or customized solutions. At our core, we
share a common thread of intellectual rigor and discipline that
enables us to create value for our clients, who have entrusted us
with approximately $114 billion of
assets under management as of April
2024. For more information, please visit
www.hpspartners.com.
Media Contacts
Prosek Partners
Mike Geller / Josh Clarkson
646-818-9018 / 646-818-9259
mgeller@prosek.com / jclarkson@prosek.com
View original
content:https://www.prnewswire.com/news-releases/hps-investment-partners-raises-over-21-billion-for-specialty-loan-fund-vi-302180278.html
SOURCE HPS Investment Partners