HPS Investment Partners, LLC ('HPS'), a leading global credit investment firm with $101 billion in assets under management, today announced that it has successfully raised $12 billion for a new junior credit fund. This significant achievement pushes the private credit firm's assets under management to nearly $113 billion. The new fund aims to expand HPS Investment Partners' credit investment capabilities and capitalize on attractive investment opportunities in the market.
HPS Investment Partners closed HPS Strategic Investment Partners V at $17 billion in investible capital, which includes $12 billion raised for the new junior credit fund. The remaining funds will be allocated towards strategic investments in various sectors, including brand design, digital marketing, and packaging artwork. This move further solidifies HPS Investment Partners' position as a global leader in credit investment management.
SGS & Co ('SGS'), a leading global provider of technology-enabled brand design, digital marketing, and packaging artwork, has partnered with HPS Investment Partners to enhance its market presence. The collaboration will leverage SGS's expertise in brand design and digital marketing with HPS Investment Partners' extensive network and financial resources. This strategic partnership aims to drive innovation and deliver exceptional value to clients in the rapidly evolving digital landscape.
In a recent development, HPS Investment Partners announced the final closing of its latest direct lending fund. The giant credit manager, known for managing over $100 billion in assets, successfully raised an undisclosed amount of capital for the fund. The direct lending fund will enable HPS Investment Partners to provide customized financing solutions to middle-market companies, fostering their growth and expansion.
Continuing its strong fundraising momentum in 2023, HPS Investment Partners has raised approximately $10 billion for a new core senior lending fund. This fund will focus on providing senior secured loans to companies across various industries. The successful fundraising reinforces HPS Investment Partners' ability to attract capital and deliver competitive returns to its investors.
Private equity firms are increasingly turning to unconventional funding methods to facilitate their buyouts. HPS Investment Partners, with its extensive experience and expertise, is well-positioned to cater to this growing demand. By offering less-conventional funding options, HPS Investment Partners aims to support private equity firms in completing their acquisitions and unlocking value in their investments.
In a strategic move, HPS Investment Partners has acquired the Midtown East office building located at 850 Third Avenue from the Chetrit Organization. This acquisition strengthens HPS Investment Partners' real estate portfolio and aligns with its investment strategy. The prime location of the office building in a bustling business district presents potential for long-term growth and attractive returns.
In conclusion, HPS Investment Partners has consistently demonstrated its prowess in the credit investment space by raising substantial capital for various funds. The recent successful fundraising efforts for the new junior credit fund and core senior lending fund underscore HPS Investment Partners' ability to attract institutional investors and deliver value. With its strategic partnerships and acquisitions, HPS Investment Partners positions itself as a leading player in the global credit investment landscape.
