HPS Investment Partners is building out its fund finance business, including net-asset-value lending. “It’s a huge opportunity,” Purnima Puri, head of liquid credit and a founding partner at the $150 billion firm, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Tolu Alamutu in the latest Credit Edge podcast. “Exits for private equity sponsors have been somewhat limited and it’s one way to get some capital back to their investor group, which I think is super important,” says Puri. They also discuss how HPS is positioning for stagflation, the private-debt deal pipeline, relative returns, slim recoveries and liability-management exercise “brain damage.”

<p>HPS Investment Partners is building out its fund finance business, including net-asset-value lending. &ldquo;It&rsquo;s a huge opportunity,&rdquo; Purnima Puri, head of liquid credit and a founding partner at the $150 billion firm, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Tolu Alamutu in the latest Credit Edge podcast. &ldquo;Exits for private equity sponsors have been somewhat limited and it&rsquo;s one way to get some capital back to their investor group, which I think is super important,&rdquo; says Puri. They also discuss how HPS is positioning for stagflation, the private-debt deal pipeline, relative returns, slim recoveries and liability-management exercise &ldquo;brain damage.&rdquo;</p>

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

<p>The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.</p>

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Private Credit Heavyweight HPS Sees ‘Huge Opportunity’ in Fund Finance

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/01bc3678-a569-4e96-aea2-b30f011cdb62/transcript

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