HPS Investment Partners LLC, a global credit investment firm with $101 billion in assets under management, has closed its second Core Senior Lending Fund (CSL II) and parallel investment funds and accounts, with approximately $10 billion in investable capital. This includes $7.3 billion in equity commitments.
CSL II will focus on pursuing attractive, risk-adjusted returns for investors by investing in privately originated, floating rate, senior secured loans to businesses primarily across North America, Western Europe and Australia/New Zealand including sponsored, non-sponsored and public borrowers. To date, the fund has committed approximately 57 percent of its capital across 54 investments.
“As markets continue to grapple with sustained volatility and the retreat of some traditional lenders, we are seeing a robust investment opportunity set and believe this will prove to be an especially attractive period for sophisticated, well-capitalized, and resourced private credit providers, such as HPS and our investors,” states Michael Patterson, a governing partner of HPS and the portfolio manager for HPS’s direct lending funds.