BlackRock to Buy $148 Billion Private Credit Asset Manager HPS Investment Partners Founded in 2007 at $12 Billion, Originally Formed as a Division of Highbridge Capital Management Within JP Morgan Asset Management
5th December 2024 | Hong Kong
The world’s largest asset manager BlackRock ($11.5 trillion AUM) has been reported to be buying private credit asset manager HPS Investment Partners ($148 billion AUM) founded in 2007 at $12 billion valuation. In 2024 October, HPS Investment Partners ($117 billion AUM) was reported to be planning for an IPO at $10 billion valuation. Asset managers BlackRock, Lunate & CVC Capital Partners have been reported to be considering an investment or direct acquisition. HPS Investment Partners 3 founders combined fortune are estimated at $7.3 billion. HPS was founded in 2007, to focus on credit and longer-dated less liquid investment opportunities. It was originally formed as a division of Highbridge Capital Management within J.P. Morgan Asset Management and known as Highbridge Principal Strategies. The firm is led by seven principals: Scott Kapnick, Scot French, Michael Patterson, Purnima Puri, Faith Rosenfeld, Paul Knollmeyer, and Kathy Choi. HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $148 billion of assets under management as of September 2024.
“ BlackRock to Buy $148 Billion Private Credit Asset Manager HPS Investment Partners Founded in 2007 at $12 Billion, Originally Formed as a Division of Highbridge Capital Management Within JP Morgan Asset Management “
$117 Billion Private Credit Asset Manager HPS Investment Partners Plans IPO at $10 Billion Valuation, Asset Managers BlackRock, Lunate & CVC Capital Partners Reported to be Considering Investment or Direct Acquisition, HPS Investment Partners 3 Founders Combined Fortune Estimated at $7.3 Billion, HPS Investment Partners Founded in 2007 & Acquired in 2016 by Principals & Employees Including ex-Goldman Sachs & Co-Founders Scott Kapnick, Scot French & Mike Patterson
19th October 2024 – Private credit asset manager HPS Investment Partners ($117 billion AUM) is planning for an IPO at $10 billion valuation. Asset managers BlackRock, Lunate & CVC Capital Partners have been reported to be considering an investment or direct acquisition. HPS Investment Partners 3 founders combined fortune are estimated at $7.3 billion. HPS Investment Partners was founded in 2007 and acquired in 2017 by principals & employees including ex-Goldman Sachs & Co-founders Scott Kapnick, Scot French & Mike Patterson. HPS was founded in 2007, to focus on credit and longer-dated less liquid investment opportunities. It was originally formed as a division of Highbridge Capital Management within J.P. Morgan Asset Management and known as Highbridge Principal Strategies. Thee firm is led by five principals: Scott Kapnick, Scot French, Michael Patterson, Purnima Puri and Faith Rosenfeld. HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $117 billion of assets under management as of June 2024.
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