Deals
UAE’s Lunate Explores $1 Billion Stake in Credit Firm HPS
- HPS is currently considering initial public offering or sale
- BlackRock is among suitors exploring a purchase of HPS
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Lunate, the Abu Dhabi-based asset manager, is considering buying a minority stake in HPS Investment Partners as the private credit firm weighs an initial public offering or sale, according to people familiar with the matter.
Lunate is evaluating an investment of $1 billion or more into HPS, the people said, asking not to be identified as the information is private. HPS could also seek additional capital to manage as part of any transaction.