HPS Investment Partners

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Banks Reclaim $30B of Debt Deals From Private Credit

Almost $30 billion of private debt has been refinanced through broadly syndicated loans across more than 70 deals so far this year, data shows.

October 3, 2024

Investment Banking

Bonus-Starved Bankers are Jumping Ship for Private Credit Riches

Many banks were hobbled over the past couple of years after providing billions of dollars of debt for company buyouts that they couldn’t get rid of when interest rates spiraled.

September 26, 2024

BlackRock Shakes Up Private Credit to Chase Industry Leaders

The firm is setting up a new division, Global Direct Lending, appointing Stephan Caron, head of the European middle-market private debt business, to lead it.

September 17, 2024

Private Credit Fundraising’s Run Rolls on Amid Emerging Challenges

Private credit extended its fundraising record in the second quarter after first quarter figures fell to their lowest levels since 2017.

August 5, 2024

HPS Buys Aircraft Leasing Unit From Chorus with Brookfield’s Blessing

The deal is a U-turn for Chorus which plunged into owning and leasing regional aircrafts with the 2022 acquisition of Falko Regional Aircraft.

July 30, 2024

SK Capital Buys Division from Parker Hannifin

Parker Hannifin’s CFC division is a provider of engineered carbon fiber composite parts and fuel containment services.

July 30, 2024

Financial services

Ares, HPS Line Up $3B Debt for Baxter Unit Bid

Oaktree Capital Management is also providing some of the financing.

July 23, 2024

Bain Capital Buys PowerSchool for $5.6B

PowerSchool is an education technology company supporting over 55 million students and over 17,000 customers.

June 7, 2024