HPS INVESTMENT PARTNERS, LLC
HPS INVESTMENT PARTNERS, LLC is a Series C+, buyout, debt and other fund in the US, Europe, Middle East, Asia-Pacific and Global writing up to $1B checks into AI, Fintech, Security, credit, debt, private-equity, real-estate and ecommerce.
- Stages
- Series C+, buyout, debt, other
- Sectors
- AI, Fintech, Security, credit, debt, private-equity, real-estate, ecommerce
- Check size
- up to $1B
- Invests in
- US-wide, Europe, Middle East, Asia-Pacific, Global
- Actively investing
- Yes
- Founded
- 2007
- Assets under management
- $185B
- Website
- hpspartners.com
Thesis
HPS Investment Partners, LLC (HPS) is a global investment firm founded in 2007, specializing in alternative credit strategies and operating in private and public credit markets. As of July 1, 2025, it is a subsidiary of BlackRock. HPS focuses on investments across the capital structure, particularly non-investment grade credit, offering solutions like senior debt, junior capital (debt, preferred, equity), liquid credit (leveraged loans, CLOs, high-yield bonds), asset-based finance, and real estate. They target companies of all sizes globally (North America, Europe, Middle East, Asia-Pacific) with standard and customized financing. Their approach emphasizes intellectual rigor, analytical discipline, risk-adjusted returns, a differentiated origination platform (non-sponsor and sponsor channels), creative structuring, and risk management. As of December 2025, AUM was $185 billion, with other reports showing figures around $148-$165 billion. Following the BlackRock acquisition, the combined private credit franchise is expected to manage approximately $220 billion. HPS has raised significant capital, including $21.1 billion for its Specialty Loan Fund VI in June 2024. Their direct lending platform can originate and hold loans up to $1 billion. The firm's headquarters are located at 40 West 57th Street, 33rd Floor, New York, NY 10019, United States. They were formerly known as Highbridge Principal Strategies and Highbridge Liquid Loan Opportunities Trust.
Common questions
Does HPS INVESTMENT PARTNERS, LLC invest at the Series C+ stage?
Yes. HPS INVESTMENT PARTNERS, LLC lists Series C+, buyout, debt and other among the stages it invests in.
What check size does HPS INVESTMENT PARTNERS, LLC write?
HPS INVESTMENT PARTNERS, LLC writes up to $1B checks.
Where does HPS INVESTMENT PARTNERS, LLC invest?
HPS INVESTMENT PARTNERS, LLC invests in the US, Europe, Middle East, Asia-Pacific and Global.