Reported about 1 month ago
HPS Investment Partners, a private credit manager spun off from JPMorgan Chase in 2016, is in talks about an initial public offering, potentially valuing the firm at $10 billion or more. As of June, HPS managed approximately $117 billion in assets and has filed confidential paperwork with the US Securities and Exchange Commission. The firm, founded in 2007, has seen significant growth in the private credit market.
Source: YAHOO