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HPS's Puri Eyes ‘Huge Opportunity' in Fund Financing

HPS's Puri Eyes ‘Huge Opportunity' in Fund Financing

Bloomberg03-07-2025
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.' Listen to this episode on Apple Podcasts and Spotify. Apple: https://podcasts.apple.com/gb/podcast/the-credit-edge-by-bloomberg-intelligence/id1674628050 Spotify: https://open.spotify.com/show/0WrBZujO7cbhbaqsNCEbTu?si=125120339f51424b
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