HPS Investment Partners, LLC
Institutional investorInvestment thesis
HPS Partners specializes in alternative credit, leveraging deep expertise and long-term market experience to identify and capitalize on overlooked opportunities across the credit spectrum. The firm combines rigorous analysis with innovative problem-solving to deliver consistent, risk-adjusted returns across market cycles, serving as a trusted long-term partner to pension funds, insurance companies, sovereign wealth funds, and endowments.
Source: firm website, verified Aug 6, 2026.
Fund performance · per public LP disclosures · 6
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| HPS Specialty Loan Fund VI-L, L.P.LPs: Employees' Retirement System of Rhode Island, New York City Board of Education Retirement System | 2023 | — | 14.5% | 1.10x | 0.07x |
| HPS Strategic Investment Partners VLPs: Minnesota State Board of Investment | 2022 | — | 13.0% | 1.25x | 0.19x |
| HPS Specialty Loan Fund V, L.PLPs: Employees' Retirement System of Rhode Island | 2021 | — | 10.5% | 1.27x | 0.37x |
| HPS Mezzanine Partners 2019LPs: Minnesota State Board of Investment, Pennsylvania Public School Employees' Retirement System, Michigan Municipal Employees' Retirement System | 2019 | — | 10.4% | 1.36x | 0.65x |
| HPS Cardinal Fund LP Series BLPs: North Carolina Retirement Systems | 2017 | — | 5.9% | 1.35x | 0.10x |
| HPS Cardinal Fund LP Series ALPs: North Carolina Retirement Systems | 2016 | — | 6.7% | 1.32x | 0.09x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What sectors does HPS Investment Partners, LLC focus on?
- HPS Investment Partners, LLC focuses on Fintech.
- Does HPS Investment Partners, LLC lead rounds?
- HPS Investment Partners, LLC typically participates in rounds rather than leading them.
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