HLEND benefits from the scale, sourcing breadth and execution capabilities of HPS Investment Partners (HPS), one of the world’s largest credit-focused alternative investment managers
Assets under management1
Investment Professionals worldwide2
Of private credit investments since inception3
HLEND leverages the core strengths of the HPS Direct Lending platform to seek to create an expansive pipeline of investment opportunities with attractive risk-adjusted return potential, enabling the fund to be highly selective in terms of the investments it pursues.
HPS Direct Lending's size and global footprint enable it to pursue investments that many firms cannot. It has the ability to originate and hold loans of up to $1bn, opening opportunities to invest in stronger companies in less competitive lending situations.
HPS Direct Lending’s diversified sourcing approach spans beyond private equity firms to management teams, investment banks, debt advisors, and others. A majority of deals4 have been sourced from non-private equity channels, which tend to offer more lender-friendly contractual protections and economic terms.
HPS Direct Lending recognizes that investments with complex business models, esoteric collateral, or timing pressures can sometimes offer premium risk-adjusted returns. It looks to capitalize on unique situations with creative structuring and risk management expertise, capturing opportunities that are mispriced by the market.
HLEND is supported by HPS's Direct Lending team, a group of approx. 160 investment professionals2 with significant experience investing in private credit across market cycles. The team includes industry specialists, regional coverage professionals, restructuring experts, and individuals that specialize in value enhancement – ensuring the requisite skills and expertise are in place for any portfolio company eventuality.
private credit investment professionals2
Years of average experience across senior team members5
Of senior team members have experience dating to the Great Recession6
Governing Partner and Lead Portfolio Manager of HLEND
Governing Partner and Lead Portfolio Manager of HLEND
Mr. Patterson is a Governing Partner of HPS Investment Partners, LLC where he leads the Direct Lending platform. He serves on HPS’s Investment Committee and is the Portfolio Manager for the Specialty Loan Funds and the Core Senior Lending Funds and the CEO and Chairman of the HPS Corporate Lending Fund. Mr. Patterson joined HPS at its inception in 2007, establishing the European business before returning to the United States in 2009. Before joining HPS, Mr. Patterson was with Silver Point Capital in the U.S. and Europe and the Goldman Sachs Principal Investing Area in New York.
Prior to his investing career, Mr. Patterson served as an officer in the United States Navy. He serves on the Dean’s Advisory Council for the Radcliffe Institute of Advanced Studies at Harvard. Mr. Patterson holds an AB in Applied Mathematics from Harvard College and an MBA from Stanford University’s Graduate School of Business, where he was an Arjay Miller Scholar.
Mr. Patterson joined the Board of the Fund in August 2021 and also serves as an Interested Trustee on the Board of HPS Corporate Capital Solutions Fund.
Managing Director
Managing Director
Mr. Cannon is a Managing Director at HPS Investment Partners. Prior to joining HPS in 2017, Mr. Cannon was a Partner and Director of Research at Wingspan Investment Management, a distressed credit investment firm launched in 2013. Prior to Wingspan, Mr. Cannon was a Managing Director at Glenview Capital, where he led the Credit Investment effort from 2009 to 2012. Prior to joining Glenview, Mr. Cannon was a Principal at Audax Group, a Boston-based Private Equity firm.
Mr. Cannon began his career in Mergers and Acquisitions Investment Banking at Goldman Sachs and holds an A.B. in Social Studies from Harvard College. He also serves as an Interested Trustee on the Board of HPS Corporate Capital Solutions Fund.
Managing Director
Managing Director
Mr. Fenstermacher is a Managing Director at HPS Investment Partners and Co-Head of North American Core Senior Lending. Prior to joining HPS in 2008, Mr. Fenstermacher was an Associate at JPMorgan’s Leveraged Finance Group, where he originated, underwrote, and distributed high yield bonds and leveraged loans. During his four years with JPMorgan, Mr. Fenstermacher specialized in financial sponsor transactions. Prior to joining JPMorgan, Mr. Fenstermacher spent two years at Bank One as a Credit Analyst in the Automotive and Financial Institutions groups.
Mr. Fenstermacher holds a B.S. from Indiana University with a concentration in Finance.
Managing Director
Managing Director
Mr. Fitts is a Managing Director at HPS Investment Partners. Prior to joining HPS in 2014, Mr. Fitts spent six years as a Managing Director at Alvarez and Marsal, where he was responsible for the workout, management and ultimate liquidation of Lehman Brothers’ real estate portfolio following Lehman’s Chapter 11 filing. Prior to that, Mr. Fitts worked at G.E. Capital from 2000 to 2008, where he led workout, portfolio and distressed debt investing groups. From 1988 to 2000, Mr. Fitts worked at Citicorp focusing on real estate and corporate workouts and real estate asset management.
Mr. Fitts holds a B.S. in Finance from the University of Delaware.
Managing Director
Managing Director
Mr. Keswani is a Managing Director at HPS Investment Partners and Head of North American Specialty Lending. Prior to joining HPS in 2010, Mr. Keswani spent a majority of his career at BlackRock, where he was a part of the initial team that established, structured and capitalized BlackRock Capital Investment Corporation (NASDAQ: BKCC), a publicly traded private investment vehicle.
Mr. Keswani is a CFA charter holder and holds a B.S.E. from The Wharton School at the University of Pennsylvania where he graduated magna cum laude.
President of HLEND
President of HLEND
Ms. Parekh is a Managing Director at HPS Investment Partners, LLC and Co-Head of North American Core Senior Lending. Prior to joining HPS in 2020, Ms. Parekh spent over twelve years as a Partner and Managing Director at The Carlyle Group. During her tenure at The Carlyle Group, Ms. Parekh was a founding member of the Direct Lending platform, served as Head of Origination for Illiquid Credit, and was a member of the Investment Committee for the Direct Lending business.
Prior to joining The Carlyle Group in 2007, Ms. Parekh was an Investment Banking Associate at JPMorgan where she was responsible for originating, structuring and executing high yield bond and leveraged loan transactions. Ms. Parekh holds a BS in Finance and Information Systems from the Stern School of Business at New York University.
Ms. Parekh joined the Board of the Fund in August 2021 and also serves as an Interested Trustee on the Board of HPS Corporate Capital Solutions Fund.
Financial advisors can submit an inquiry using this form or engage with HPS at hlend@hpspartners.com. Individual investors should contact their financial advisor for more information.
This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where HPS Corporate Lending Fund (“HLEND”) is authorized for distribution.
Complete information about investing in shares of HLEND is available in the prospectus. An investment in HLEND involves risks.
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