HPS Raises $11.7 Billion for Its Largest Direct Lending Fund
- Credit vehicle has about $15.4 billion of investable capital
- Firm has deployed about $9.1 billion across 58 investments
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HPS Investment Partners has closed its largest direct lending fund as investors continue to pour money into the booming private credit market.
The firm’s fifth Specialty Loan Fund, together with parallel investment funds and accounts, raised about $11.7 billion in equity commitments translating to about $15.4 billion of investable capital including leverage, according to a statement viewed by Bloomberg.