HPS Investment Partners, LLC

In our latest podcast, Robert Steven Kaplan, former President of the Federal Reserve Bank of Dallas and Vice Chairman of Goldman Sachs, discusses his career spanning finance and public service, and the importance of private and public credit in growing the US economy. Listen to the HPScast with host Colbert Cannon here or wherever you get your podcasts. https://lnkd.in/e_3wNjes

How could tariffs affect real estate construction and financing? D. Michael Van Konynenburg, President of Eastdil Secured, shares his perspective in an interview with David Lehman, Head of Real Estate Strategies at HPS. Listen to the full podcast here or wherever you get your podcasts: https://lnkd.in/e-RuWGhi

In our latest podcast, we look at trends in the US real estate market. D. Michael Van Konynenburg, President of Eastdil Secured, oversees large, real estate transactions including financings, capital raises, sales, and investment banking transactions for institutional real estate owners and lenders. He joins David Lehman, Head of Real Estate Strategies at at HPS, as they discuss the property market, the impacts of current policy, and how data centers could fit into investors’ allocations. https://lnkd.in/e-RuWGhi

New issue spreads of sponsor-backed private credit transactions are widening. Comparing the spreads of direct lending deals for companies with $100 million or more of EBITDA to the spreads of single-B rated broadly syndicated loans, absolute direct lending spread levels are in excess of 500 basis points, and the pickup offered over broadly syndicated loan spreads is over 200 basis points.

This week's HPScast features Shawn Ury CFA, CPA, CAIA, Head of Alternatives at @USAA, discussing how his military background led him to USAA and his perspective on private credit. Listen to the podcast with host Colbert Cannon here or wherever you get your podcasts. https://lnkd.in/e38A4ZkN

The $6 trillion real estate market has undergone major changes since the pandemic, and the delta between debt and equity returns in US real estate is as small as it’s been in 15 years. At the SEO (Sponsors for Educational Opportunity) Annual Alternatives Investment Conference, David Lehman, Head of Real Estate Strategies at HPS, discussed investment opportunities he is seeing in first mortgage lending secured by apartments and other commercial property types.  

The launch of Season 12 of The HPScast features Sara Eisen, co-anchor of CNBC's “Squawk on the Street” & “Money Movers.” Learn about her journey into television and the most memorable market-moving stories she's covered in this interview with host Colbert Cannon. Listen here or wherever you get your podcasts: https://lnkd.in/eDdGi7n8

For the second year in a row, more capital was refinanced from the broadly syndicated loan market into the direct lending market than the reverse. In our view, companies seeking capital often turn to private credit managers because of their ability to offer tailored solutions, scaled capital and greater execution certainty.

Students at Howard University learned about credit investing, underwriting and risk analysis from Craig Jatlow, a Managing Director at HPS. The session was part of an Asset Management Conference hosted by the HPS Center for Financial Excellence at Howard University School of Business.

We were honored to join top advisors from around the country and be a title sponsor of the Forbes | SHOOK Research Top Teams Summit. HPS CEO Scott Kapnick joined Morgan Stanley’s Christopher Toomey for a conversation on the shifting landscape in private credit and opportunities ahead for the asset class.