HPS Investment Partners Closes New Senior Lending Fund with $10B in Investable Capital

HPS Investment Partners, a global credit investment firm with $101 billion in assets under management, closed its second Core Senior Lending Fund (CSL II) and parallel investment funds and accounts with approximately $10 billion in investable capital.

June 8, 2023 HPS Investment Partners | Michael Patterson | Scott Kapnick Ian Koplin

SVPGlobal Aids in Recapitalization of SGS

SGS, investment funds managed by SVPGlobal and the largest existing holder of SGS’ outstanding funded indebtedness completed a recapitalization transaction to strengthen SGS’s balance sheet and position the business for growth. HPS Investment Partners led the financing for the investment.

November 18, 2021 Evercore | Fried Frank Harris Shriver & Jacobson | Gibson Dunn & Crutcher | HPS Investment Partners | Piyush Chaudhari | SGS | SVPGlobal | Victor Khosla Ian Koplin

IPC Systems Enters Agreement to Reduce Debt by More Than $400MM

IPC Systems entered into a transaction support agreement with its key stakeholders that will reduce the company’s debt by more than $400 million, extend its debt maturity schedule by five years and provide new capital of $125 million to deliver resources for investment in long-term growth strategies.

October 4, 2021 Bob Santella | Centerbridge Partners | Evercore | HPS Investment Partners | IPC Systems | Jared Hendricks | Kirkland & Ellis | Strategic Value Partners | SVPGlobal | Victor Khosla Ian Koplin

Owl Rock Capital Group and Dyal Capital Partners Execute Business Combination Agreement

Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group entered into a definitive business combination agreement with Altimar Acquisition Corporation to form Blue Owl Capital, an alternative asset management firm with more than $45 billion in assets under management.

December 28, 2020 Alan Kirshenbaum | alternative asset management | Altimar Acquisition Corporation | Ardea Partners | Blue Owl Capital | BofA Securities | CH Investment Partners | Citigroup | Craig Packer | Direct Lending | Doug Ostrover | Dyal Capital Partners | Evercore Group | Fried Frank Harris Shriver & Jacobson | George Walker | Goldman Sachs | HPS Investment Partners | ICONIQ Capital | J.P. Morgan Securities | Kirkland & Ellis | Koch Companies Defined Benefit Master Trust | Liberty Mutual Investments | Marc Lipschultz | Michael Rees | Neuberger Berman Group | Owl Rock Capital Group | Paul Weiss Rifkind Wharton & Garrison | Perella Weinberg Partners | Skadden Arps Slate Meagher & Flom | the Federated Hermes Kaufmann Funds | UBS Phil Neuffer

SPCM Provides Exit Financing for Centric Brands’ Chapter 11 Emergence

Centric Brands emerged from voluntary Chapter 11 proceedings. Sound Point Capital Management provided exit financing to the company, while Ropes & Gray, PJT Partners and Alvarez & Marsal served as legal, financial and restructuring advisors, respectively.

October 13, 2020 Alvarez & Marsal | Ares Management Corporation | Blackstone | Centric Brands | HPS Investment Partners | Jason Rabin | PJT Partners | Ropes & Gray | Sound Point Capital Management Ellie Delany

HPS Investment Partners Closes HPS Mezzanine Partners 2019 Fund

HPS Investment Partners closed its Mezzanine Partners 2019 Fund with total investable capital of more than $11 billion, including approximately $9 billion in equity commitments, which exceeded the fund’s target equity capitalization of $8 billion.

October 5, 2020 HPS Investment Partners | Scot French | Scott Kapnick Ellie Delany

HPS Investment Partners Agents $1B Bombardier Term Loan Facility

Bombardier closed a three-year $1 billion senior secured term loan facility with HPS Investment Partners, acting as administrative agent, collateral agent and the lead lender for a group including HPS Investment Partners, Apollo Capital Management and Ares Management.

August 20, 2020 Apollo Capital Management | Ares Management | Bombardier | HPS Investment Partners Rita Garwood

Ares Management Leads $2.34B Financing for The Ardonagh Group

Through its global direct lending platform, Ares Management is serving as the lead arranger for a £1.875 billion ($2.34 billion) financing commitment to The Ardonagh Group, an independent insurance broker.

June 23, 2020 Ares Management | Blair Jacobson | Caisse de dépôt et placement du Québec | David Ross | HPS Investment Partners | KKR | Luis Mayans | Madison Dearborn Partners | Mark Affolter | The Ardonagh Group Phil Neuffer

Blackstone, Ares, HPS to Provide $435 DIP to Centric Brands

Centric Brands entered into a restructuring support agreement, led by certain funds managed by Blackstone, Ares Management, and HPS Investment Partners, to recapitalize the company and provide $435 million in debtor-in-possession financing.

May 18, 2020 Alvarez & Marsal | Ares Management | Blackstone | Centric Brands | Dechert | HPS Investment Partners | Jason Rabin | PJT Partners | Ropes & Gray Phil Neuffer

HPS Investment Agents $100MM Exit Facility for Emerge Energy

Emerge Energy entered into a senior secured asset-based revolving credit and security agreement of up to $100 million with HPS Investment Partners as administrative agent and collateral agent.

January 2, 2020 Emerge Energy | HPS Investment Partners nadine