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Laxman Pai, Opalesque Asia:

The global credit investment firm HPS Investment Partners announced the closing of its second European Asset Value Fund (EAVF II) with more than $1.5 billion of capital.

The New York-based investment firm with over $60 billion in assets under management stated in a press release that the Fund will seek to take advantage of continued strategic shifts in the specialty finance sector and will focus on expanding the footprint it created through its first fund, which closed in 2017 with aggregate capital commitments of approximately $900 million.

HPS Investment Partners, formerly known as Highbridge Principal Strategies, said that over the past three years, its European asset value platform has acquired and invested in leasing and lending platforms spanning twelve countries with over $2.2 billion of assets.

"Our experienced team specializes in originating leases and loans backed by assets and receivables, including equipment, information technology and a variety of transportation assets to small and medium-sized enterprises (SMEs) and consumers," it said.

EAVF II will continue to invest in these types of opportunities as well as acquire new platforms-both traditional and digital-and expects to expand its asset capabilities beyond Europe.

Jonathan Ashley and Justin Staadecker, Co-Portfolio Managers of HPS's European Asset Value Fund. "We believe that the current market conditions will allow us to acquire a highly di......................

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