|
Laxman Pai, Opalesque Asia: Global credit investment firm HPS Investment Partners held the final close of its Specialty Loan Fund VI (SLF VI) with $21.1 billion in investable capital.
The HPS fund close makes it among the largest in the booming private credit space. SLF VI fundraising includes $14.3 billion in equity commitments from investors of which approximately $10.4 billion was raised in a commingled fund, exceeding its original target of $7.5 billion, according to a news release from the American investment firm headquartered in New York City.
To date, SLF VI has invested more than $2.5 billion of its investable capital across 29 investments, the release stated.
"The Fund will continue to pursue unique opportunities to deploy its capital while seeking differentiated, attractive returns for its investors by utilizing HPS's scale, relationships, and analytical and structuring capabilities to originate and invest in a range of capital solutions for borrowers across sectors and geographies," said the firm with approximately $114 billion of assets under management.
"As one of the largest and longest-tenured direct lending platforms, we are well positioned to capitalize on the rapidly growing demand for bespoke capital solutions from companies as they execute their business strategies through evolving market cycles," said Michael Patterson, a Governing Partner of HPS and the Portfolio Manager for HPS's direct lending funds.
"Our analytical rigor an...................... To view our full article Click here
|
RSS
