NEW YORK, Oct. 12, 2017 /PRNewswire/ -- HPS Investment
Partners ("HPS"), a leading global investment firm with a focus on
non-investment grade credit, today announced that it has completed
fundraising for HPS Specialty Loan Fund 2016 (the "Fund"). The Fund
raised over $4.5 billion of Limited
Partner capital with $6.5 billion of
purchasing power, exceeding the initial target of $5 billion. HPS Specialty Loan Fund 2016 will
invest primarily in newly issued, secured debt in refinancings,
acquisitions, and restructurings by middle-market companies, as
well as companies in special situations.
As one of the largest direct lending funds globally, HPS's
specialty loan platform has invested nearly $13 billion in approximately 175 portfolio
companies over the past eight years. The Firm's experienced global
team comprised of broad sector and geographic expertise continues
to provide the platform with a strong foundation and a consistent
flow of investment opportunities.
"Investor response to our fourth HPS Specialty Loan Fund has
been positive and we are appreciative of the trust and confidence
our investors continue to place in our platform and investment
team," said Mike Patterson, Partner
of HPS and Head of HPS's Specialty Loan Fund. "As the breadth and
depth of the private debt markets expand, large borrowers are
expressing increased demand for creative and flexible solutions to
help them meet their financing needs. This has created a unique
opportunity set for firms like ours. We look forward to delivering
on our core objectives of generating attractive risk-adjusted
returns while focusing on preservation of capital."
Scott Kapnick, Chief Executive
Officer of HPS, said, "We believe investors have an appetite to be
more active in this space, and our Specialty Loan Fund offers an
opportunity to do so with a firm that offers global reach,
world-class investment talent and outstanding risk management
capabilities."
About HPS Investment Partners
HPS Investment Partners, LLC ("HPS") is a leading global
investment firm with a focus on non-investment grade credit.
Established in 2007, HPS has approximately 100 investment
professionals and over 200 total employees, and is headquartered
in New York with ten additional offices globally. As
of September 2017, HPS had approximately $40
billion of assets under management.
Media Contact
Mike
Geller
Edelman
mike.geller@edelman.com
212-729-2163
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SOURCE HPS Investment Partners, LLC