HPS Investment Partners

HPS Investment Partners, originally known as Highbridge Principal Strategies, is a US based fund manager that invests across various asset classes, including private equity, private debt, real estate, infrastructure, natural resources, and hedge funds. The private debt firm employs a range of investment strategies, such as senior loans, preferred equity, mezzanine loans, special situations, asset-based financing, and junior debt, targeting both large and small companies in diversified sectors globally. The real estate arm of HPS focuses on debt and value-added opportunities in commercial, multifamily, hospitality, and industrial properties globally, with a specific focus on U.S. and Europe. The infrastructure and natural resources division invests in the energy and power sectors, globally. The private equity arm focuses on co-investment and early-stage investments in diversified industries, globally. HPS was originally a subsidiary of Highbridge Capital Management. In late 2004, J.P. Morgan Asset Management acquired a majority interest in Highbridge, completing the full acquisition in 2009. By October 2015, J.P. Morgan began exploring the sale of the private equity arm of Highbridge Principal Strategies to the management team. This management buyout was finalized in 2016, with J.P. Morgan retaining a minority stake. From March 2016, HPS operated as an independent entity, no longer a subsidiary of J.P. Morgan. In early Q3 2025, BlackRock acquired full control of HPS Investment Partners.Read more ⏷