Thu, Apr 24, 2014
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   |   
Banner
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. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance