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Laxman Pai, Opalesque Asia: The global credit investment firm HPS Investment Partners closed, a new junior credit fund, HPS Strategic Investment Partners V at $17 billion in investible capital, which includes $12 billion in equity commitments.
According to a media release from the credit-focused alternative investment firm, the total well exceeds the original equity fundraising target of $9.5 billion. Fund X pushed the private credit firm's assets under management to nearly $100bn.
According to the credit manager, the Fund is the fifth vintage of HPS's flagship junior capital solutions strategy which has invested over $36 billion since its inception in 2008. As one of the largest dedicated providers of junior capital globally, the Fund will continue to focus on providing customized financing solutions for large, established businesses in North America and Western Europe.
The Fund seeks to leverage HPS's global credit platform and relationships to source investments directly from private and public companies as well as private equity-backed businesses across a broad array of industries, the release said.
"We believe the current market environment presents a rich set of opportunities for us to pursue as companies continue to seek strategic partners and scaled platforms that can develop and execute bespoke financing solutions with speed and certainty," said Scot French, Governing Partner of HPS and Portfolio Manager of the Fund. "We are incredibly than...................... To view our full article Click here
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