The $65 billion debt and private equity shop HPS Investment Partners announced the final closing of its mezzanine debt product at $11 billion, making it one of the largest dedicated mezzanine funds in the world.
HPS Mezzanine Partners 2019 began investing capital in April 2019 and right now is about 50% invested. This year so far, HPS’ private credit platform has put over $12 billion to work across 54 portfolio companies.
The 2019 fund had $9 billion in equity commitments, which exceeded the firm’s target equity capitalization for the offering of $8 billion.
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