Industry News
The fund received commitments from a diverse base of new and longtime investors.
The inaugural fund has already made seven investments to date.
HPS Specialty Loan Fund VI, together with parallel funds and accounts, closed with $21.1 billion.
The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The fund has hired the managing director of research and investment strategy at a Midwestern hospital system as its next cio and they begin the role in the third quarter.
The firm cleared the initial hard cap for the fund.
He will lead investments across the Northeast and Southeast regions of the U.S.
The firm has appointed Christopher Wright as president effective immediately.
She joined the firm in 2020 to lead the firm’s sales and business development efforts and marketing and client services team.
The plan recently saw the retirement of its former deputy executive director.