Todd Hooper & James Lumby - Co-Heads of GP-LP Financing Solutions at HPS Investment Partners

On this week’s episode of The HPScast, host Colbert Cannon sits down with James Lumby and Todd Hooper, leaders of HPS’s GP-LP Financing Solutions business, to explore the world of NAV financing and the range of private financing alternatives. Both former high-level rugby players who built parallel careers in London finance, James and Todd trace their paths to the Goldman Sachs desk where they spotted a business opportunity while working on a portfolio-financing transaction.

They offer a deep dive into the GP-LP financing landscape: how NAV financing grew from a nascent product into an institutional mainstay, why COVID proved a catalyst for the market, and the newer frontiers of management-company and limited partner level financing. James and Todd also discuss what helps a lender win in this space.