HPS Investment Partners, a part of BlackRock, and Vistina, a subsidiary of Hoplon Capital, are initiating a collaborative effort to bring investment grade securitization solutions to new borrowers and industries, while expanding investors’ access to esoteric and non-traditional asset classes.
Vistina serves clients seeking differentiated advice relating to private, structured credit solutions involving esoteric or non-traditional assets and strategic transactions. The combination of these capabilities with HPS’ scale is aimed at creating a unique solution for clients, while enabling proprietary access to the growing asset-based finance asset class for BlackRock’s investors.
“We look forward to partnering with the Vistina team to bring innovative, investment-grade asset-based financing solutions to corporate borrowers,” Scott Kapnick, chairman of the Blackrock Private Financing Solutions (PFS) executive office and CEO of HPS, said. “This engagement reflects HPS’s focus on utilizing its ability to provide borrowers with bespoke financing solutions to continue delivering attractive opportunities for investors.”
Robert Arsov, founder and CEO of Hoplon Capital, added, “This is a truly unique time in the market, where the applicability of asset-backed financing is rapidly evolving and expanding the addressable universe of borrowers that can access the unique benefits of a securitization. The combined capabilities of Vistina, Hoplon and HPS create a leading player with a strong track record of innovation and execution for borrowers and investors alike.”
Sidley Austin is serving as legal counsel to HPS and Willkie Farr & Gallagher is serving as legal counsel to Hoplon and Vistina. This announcement is subject to definitive documentation.
