European CLO market expects to maintain deal momentum far into December
European CLO market is bracing for a unusally busy December with deals expected from HPS, Polus and PGIM

BlackRock acquires HPS in USD 12bn deal
BlackRock has acquired HPS Investment Partners for USD 12bn in an all-stock transaction, creating a private credit franchise with a combined USD 220bn in client assets

HPS prints fourth new US BSL CLO of 2024
HPS Investment Partners has printed its fourth new US BSL CLO of the year: a USD 403.75m deal dubbed HPS Loan Management 2024-22

Post-reinvestment 2015 US BSL CLO from HPS gets a partial refi
HPS has priced a partial refinancing of HPS Loan Management 5-2015, a CLO that was reset in October 2018, and has been out of reinvestment for a year

Guardian transfers USD 30bn of assets to HPS as partnership deepens
Insurance company Guardian will increase its minority equity stake in HPS and transfer USD 30bn of assets as part of expanded strategic partnership 

2023-vintage Euro CLO reset sees major tightening
HPS Investment Partners returned to the market yesterday with its seventh deal of 2024, a reset of an early 2023-vintage European CLO

CLO manager Boswell leaves Ninety One for HPS
Jeff Boswell has departed Ninety One to manage European CLOs at HPS

HPS adds a loan tranche in refi of 2021 triple-C flex CLO
HPS Investment Partners last week refinanced a triple-C flex US BSL CLO from 2021, restructuring the top of the stack to add a loan tranche.

HPS closes one of the largest direct lending funds ever
HPS held the final close of its Specialty Loan Fund VI, or SLF VI, together with parallel funds and accounts, having raised USD 21.1bn in investable capital

HPS refinances 2018 vintage CLO with 113bps spread for triple-As
HPS Investment Partners has priced a partial refi of HPS Loan Management 13-2018, a US BSL CLO from the pre-COVID period

HPS prices its second US BSL CLO of the year
HPS Investment Partners this week priced its second US BSL CLO of 2024, a USD 407.96m deal called HPS Loan Management 2024-20

European CLO triple As hit 146
European senior spreads hit a new tight last week in a new CLO with the tightest weighted average cost of capital of any European CLO so far this year

HPS returns to broadly syndicated market with a new US CLO
The end of last week saw HPS Investment Partners price its first broadly syndicated US CLO of the year 

HPS prices new private credit CLO
This week has seen increasing amounts of deal flow emerging in middle market CLOs, and HPS Investment Partners joined in on Wednesday, pricing its first deal of 2024

HPS teams up with Bank of America to print its second middle market CLO
HPS Investment Partners has teamed up with Bank of America to print a middle market CLO named HLEND CLO 2023-1, its second entry into the private credit CLO space

New Mexico State Investment Council plans to commit $600 million to private credit
New Mexico State Investment Council commits $600 million to two private credit managers during June meeting. 

HPS announces close for second core senior lending fund
HPS Investment Partners has closed its second Core Senior Lending Fund known as CSL II with around $10 billion of capital to invest

Mid market league tables: Golub and Natixis team up to lead in issuance as HPS debuts
Five mid market CLO managers priced in May for a combined $2 billion monthly issuance. This marked the fourth straight month when mid market volumes crossed $2 billion

HPS prints its fourth CLO of 2023
HPS Investment Partners' CLO issuance volumes globally for 2023 grew to $1.6 billion on Wednesday after the firm priced its fourth transaction named HPS Loan Management 2023-18

HPS moves into mid market CLO structures
HPS Investment Partners priced a new middle market CLO on Monday, the first transaction from the firm backed by private credit assets

LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit

HPS raises $12 billion for fifth junior capital fund
HPS Investment Partners has closed its fifth junior capital solutions fund, HPS Strategic Investment Partners V, at $12 billion. With leverage, the strategy has $17 billion investable capital

HPS prints its first new US CLO since 2021
HPS Investment Partners has priced its first new CLO since Novemer 2021

Euro CLO league tables: Three managers take advantage of tightening to kick off the year
The European CLO market started 2023 considerably tighter than where it left in 2022, with triple A spreads tightening by as much as 35 basis points

Euro CLO market re-opens as HPS breaks new issue duck with triple As at 205bp
HPS Investment Management has become the first European CLO issuer of the year, pricing Aqueduct European CLO 7-2022 and shaving off 10bp off triple A price guidance