Liquid credit solutions

Capturing relative value opportunities across liquid credit markets

With approximately $24 billion of assets under management, our Liquid Credit platform includes a range of actively managed, fundamentally driven strategies investing in non-investment grade syndicated loans, corporate bonds, and securitized credit globally. These solutions are built on a common investment philosophy: an agile allocation approach, rigorous fundamental analysis, and relative value-driven portfolio construction. Above all, we aim to continually focus on downside protection and capital preservation for our investors.

Our liquid solutions benefit from the scale and reach of the wider HPS platform. Cross functional sharing of issuer, industry and market perspectives helps better inform decision making, while the investment opportunity set benefits from a broader sourcing funnel, potential time-to-market advantages in private / public crossover situations, and a competitive edge in transactions with prior private credit involvement.

  • $24B

    In assets under management

  • 700+

    Corporate credits covered

  • 40+

    Person liquid credit team

Liquid Credit Offerings

Broadly Syndicated Loans 

Our Broadly Syndicated Loan strategies invest in a diversified portfolio of primarily floating-rate, broadly syndicated, leveraged loans. Our approach is driven by fundamentals and focuses on relative value across sectors and among issuers in an effort to generate relative outperformance while minimizing credit losses across market cycles. We are an active issuer and manager of collateralized loan obligations in the US and Europe alongside the commingled fund and separately managed accounts we oversee.

Multi-Asset Credit 

Our Multi-Asset Credit strategies dynamically allocate across leveraged loans, secured and unsecured bonds, and securitized credit investments in an effort to capture relative value opportunities within liquid credit markets. Across our Multi-Asset Credit strategies, we focus on both performing, income-oriented credit investments and opportunistic credit investments, which can include less liquid, stressed, and special situations investments. We strive to select investments based on rigorous financial, operational, industry, and structure analysis with an emphasis on absolute returns and capital preservation.