HPS Garners $7.3 Billion for Latest Senior Direct-Lending Fund
- Firms targets refinancing needs as banks lenders retreat
- HPS has already committed 57% of the fund’s total capital
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HPS Investment Partners raised $7.3 billion in equity commitments from institutional investors for its second private credit fund dedicated to senior corporate loans.
The Core Senior Lending Fund II will have around $10 billion of available capital, including leverage, and will primarily originate floating rate, senior secured loans to private and public companies, according to a statement seen by Bloomberg.