PE Firm · Capital Allocator

HPS Investment Partners

Medium
New York City, United States · Founded 2007 · AUM $197 billion · Website
Mezzanine CapitalDirect LendingGrowth CapitalBondsPrivate CreditSpecial SituationsPrivate CreditPublic CreditPrivate EquityReal AssetsMediaReal EstateUnited StatesEuropeMiddle EastAsia-Pacific
Last verified
10/7/2026

Firm Overview

0
Portfolio tracked
6
Sectors
4
Regions
10/7/2026
Last verified

HPS Investment Partners is an American credit investment firm that focuses on private and public credit, private equity, and real assets.

Founded in 2007 as Highbridge Principal Strategies, the firm was originally the private equity and credit division of Highbridge Capital Management within J.P. Morgan Asset Management. The firm grew significantly following the 2008 financial crisis and eventually underwent a management buyout in 2016 to become an independent entity rebranded as HPS Investment Partners. In 2025, the firm was acquired by BlackRock for $12 billion, becoming a subsidiary within its private credit unit.

HPS specializes in complex, non-investment grade credit opportunities and operates across a broad global platform. The firm is recognized as one of the largest private debt investment companies globally. Its history is marked by a transition from a bank-owned subsidiary to an independent powerhouse, and ultimately to a key component of BlackRock's alternative investment strategy.

Founded2007
HeadquartersNew York City, United States
AUM$197 billion
Employees760
StrategiesMezzanine Capital, Direct Lending, Growth Capital, Bonds, Private Credit, Special Situations
Sector focusPrivate Credit, Public Credit, Private Equity, Real Assets, Media, Real Estate
Geographic focusUnited States, Europe, Middle East, Asia-Pacific

Leadership

Scott Kapnick
CEO
CEO and co-founder who previously worked at Goldman Sachs and led the firm's spin-out from JPMorgan Chase.
Scot French
Co-founder
Co-founder of the firm who previously worked at Goldman Sachs.
Michael Patterson
Co-founder
Co-founder of the firm who previously worked at Goldman Sachs.

Notable Investments

Estrella Media850 Third AvenueRevlon (Lender)LBI MediaGávea Investimentos

Historical and current deals referenced in public sources.

Portfolio Companies

Portfolio not yet mapped for HPS Investment Partners.

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Portfolio Web Readiness

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Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with HPS Investment Partners and does not provide investment advice.

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