HPS Investment Partners Raises $250M for Latest Direct Lending Fund

HPS Investment Partners has so far secured $250M in capital commitments for its latest direct lending fund, T Direct Lending Holdings.

The open-end fund made its first sale on January 21 and has secured pledges from 14 investors, according to a January 31 filing with the SEC. Under its direct lending strategy, the New York-based credit investment firm provides privately negotiated senior debt capital to middle-market companies and borrowers in special situations worldwide.

In addition to direct lending, HPS Investment also gains exposure to private credit through its strategic investment partners, real estate, asset value, and energy and power strategies. Across all these strategies, the firm manages a combined $123B of assets and $22B in public credit, according to its website.

HPS is in the process of merging with asset management giant BlackRock after the parties put paid to long-running rumors, announcing a $12B all-stock deal late last year.

Written By: Dakota

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HPS Investment Partners Raises $250M for Latest Direct Lending Fund

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