Thu, Jun 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Highbridge Principal Strategies closes HPS Mezzanine Partners Fund II with $5bn

Monday, March 18, 2013
Opalesque Industry Update - Highbridge Principal Strategies (“HPS”), a global credit and private investment firm, today announced the final closing of HPS Mezzanine Partners Fund II (the “Fund”) with total capital of over $5 billion. As one of the largest dedicated mezzanine funds globally, the Fund will invest primarily in subordinated debt securities across a broad set of industries with a focus on North America and Western Europe, consistent with its 2008 predecessor fund.

Over the past six years, the HPS mezzanine platform has established itself as a leading, scaled investor with long-term capital and a proven track record of delivering creative capital solutions to both corporations and private equity firms. HPS’ focus on building a global team with deep and broad sector and geographic expertise continues to support a consistent flow of investment opportunities for the Fund, many of which have been proprietary. Since its initial closing in the first half of 2012, the Fund has invested or committed to invest over $1 billion in 9 companies in North America and Western Europe.

“We are appreciative and fortunate to have enthusiastic support from our existing and new investors,” said Scot French, Partner of HPS and Head of HPS Mezzanine. “The strength of both our track record and global relationships positions us favorably to continue providing creative capital solutions to our corporate and private equity partners while delivering attractive returns to our investors.”

Scott Kapnick, Chief Executive Officer of HPS and Managing Partner of Highbridge Capital Management, said: “We have continued to see tremendous interest from investors around the world for non-investment grade corporate credit platforms, like HPS, that have scale, a deep bench of investment talent and world-class risk management capabilities. Our Mezzanine Fund exemplifies this dynamic as we use this sizeable, flexible capital base to seek attractive absolute and relative returns for our investors.”

press release

Highbridge Principal Strategies is a global credit and private investment firm with approximately $16 billion of assets under management. HPS invests across the capital structure in the public and private capital markets. HPS’ diversified investment platform includes privately negotiated mezzanine debt investments, specialty direct lending, public credit securities, growth equity and leveraged loans. HPS is a subsidiary of Highbridge Capital Management and J.P. Morgan Asset Management. Source

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.