Tue, Oct 21, 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: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of