HPS amasses $21bn private credit fund as it plots expansion

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Financial Times 1w ago

HPS amasses $21bn private credit fund as it plots expansion - Financial Times

Quick Summary:

The firm could also merge with a rival private investment group looking to bolster its private credit bona fides.

Note: Fundraising figures include reported equity commitments and not bank loans or other sources of leverage that boost fund sizes.

Their ascension has been driven by strong performance and a fundraising prowess that has helped the industry accumulate hundreds of billions of dollars in recent years, boosting managers such as Ares, Apollo, KKR, Blackstone and Sixth Street.