HPS Investment Partners has recently raised a staggering $12 billion for a new junior credit fund, propelling the private credit firm's assets under management to nearly unprecedented heights. This accomplishment further solidifies HPS Investment Partners' position as a powerhouse in the world of finance and highlights the remarkable ascent of direct lending, which poses a threat to traditional Wall Street banks.
In a recent interview on 'Squawk on the Street,' Purnima Puri, head of liquid credit at HPS Investment Partners, shared her insights on the Federal Reserve and discussed her expectations for the future. With their expanding assets, HPS Investment Partners is positioned to navigate the changing financial landscape with confidence and expertise.
The closing of the HPS Strategic Investment Partners V fund at a staggering $17 billion in investible capital demonstrates the strong demand for private lending. Over the years, non-bank credit providers like HPS Investment Partners have surpassed traditional Wall Street banks, reshaping the lending industry and challenging the status quo.
HPS Investment Partners, a credit manager managing over $100 billion in assets, has recently concluded the final closing of its latest direct investment fund. This closing marks another milestone for the giant credit manager, showcasing their ability to attract substantial capital from investors.
SGS & Co, a prominent financial institution, expressed its enthusiasm about partnering with HPS Investment Partners on an acquisition. Piyush Chaudhari, Chief Executive Officer of SGS & Co, emphasized the excitement surrounding the collaboration and the potential benefits it will bring to both organizations.
Braya Renewable Fuels, a Newfoundland and Labrador-based producer of low-carbon intensity renewable fuels, has made significant strides in the industry. A new Supply and Offtake Agreement with Macquarie Energy Canada will provide Braya Renewable Fuels with inventory monetization opportunities, leveraging renewable feedstocks and products.
In conclusion, HPS Investment Partners' successful fundraising for their new junior credit fund exemplifies the growing dominance of direct lending in the financial landscape. As a non-bank credit provider managing over $100 billion in assets, HPS Investment Partners continues to challenge traditional Wall Street banks and reshape the lending industry. Their recent closing of the HPS Strategic Investment Partners V fund at $17 billion further showcases their ability to attract substantial capital. Additionally, their acquisition partnership with SGS & Co and the Supply and Offtake Agreement with Macquarie Energy Canada highlight their expansion into other sectors, such as renewable fuels. These developments position HPS Investment Partners as a leading player in the financial industry, with significant potential for future growth and success.
