HPS and Lunate launch global equity and debt platform
Asset managers HPS and Lunate have partnered to launch a new platform focused on equity and debt investments in US and European corporate companies.
Lunate, global investment firm with over $110bn (£83.5bn) of assets, will provide initial capital to the platform with a long-term commitment of at least $1bn.
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The new platform will provide equity and debt financing to large corporates, both sponsor-backed and independent.
“Market dynamics continue to create attractive opportunities for customized, scaled capital solutions, as both sponsor and non-sponsor owned large companies seek flexible sources of financing,” said Scot French, founding partner and co-president of HPS. “Our relationship with Lunate will enhance our ability to capture these opportunities as we look to strategically scale our dedicated capital base across preferred and common equity strategies.”
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HPS, which is part of BlackRock, and Lunate stated that they will work together to give Middle East and North Africa investors access to the platform.
“We are excited to collaborate with HPS to launch this new platform, providing our clients access to differentiated strategies in the global private credit market,” said Khalifa Al Suwaidi, managing partner of Lunate. “Leveraging HPS’ successful track record in deploying investments across markets and cycles, our partnership is built on resilience and adaptability, positioning us for long-term success.”
The launch of the platform is subject to customary market and regulatory approvals.
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