Investments
102Portfolio Exits
34Funds
21Partners & Customers
2Service Providers
3About HPS Investment Partners
HPS Investment Partners originally formed as a division of Highbridge Capital Management within J.P. Morgan Asset Management and known as Highbridge Principal Strategies. The company develops a diversified investment platform and manages capital for many of the world's most prominent institutional investors, public and corporate pension funds, endowments, foundations, family offices and high net worth individuals. The Firm is based in New York with offices in Hong Kong, and London.

Want to inform investors similar to HPS Investment Partners about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Latest HPS Investment Partners News
Jan 31, 2023
Yesway Raises $190 Million January 30, 2023 BW Gas & Convenience Holdings, LLC d/b/a Yesway is pleased to announce that it has raised $190 million in new equity in the second half of 2022 to continue funding its successful new store construction program. The majority of the structured equity comes from HPS Investment Partners, a leading global investment firm with $95 billion of assets under management. “We are tremendously excited to announce our new partnership with HPS,” said Tom Trkla, Chairman and Chief Executive Officer of Yesway. “We are deeply appreciative of the collaborative and accommodating nature of our discussions with HPS that showed a keen understanding of our business and are impressed by the talent of their investment team.” In the past year, Yesway commenced an aggressive campaign to grow store count and financial performance through the completion of new stores and raze-and-rebuild projects across its portfolio and geographic footprint. Throughout 2022, Yesway completed the construction of 17 new stores and 21 raze-and-rebuild projects at an industry-leading annual return on invested capital. Given the success of the completed projects to-date, Yesway plans to construct 28 additional new stores in 2023, the majority of which will be funded using the proceeds of the new equity it has raised. Yesway was founded in 2015 by Brookwood Financial Partners (“Brookwood”), a real estate private equity firm that specializes in acquiring and managing value-add commercial real estate and real estate-related operating businesses. Since Yesway’s inception, Brookwood has raised approximately $825 million in equity to effect Yesway’s growth strategy. Yesway was advised on the transaction by Latham & Watkins and HPS was advised by Gibson, Dunn & Crutcher. About Yesway: Yesway is one of the fastest-growing convenience store operators in the United States. Established in 2015, Yesway is a multi-branded platform headquartered in Fort Worth, Texas, which operates 428 stores located in Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma, and Nebraska. Yesway operates its portfolio primarily under two successful brands, Yesway and Allsup’s, with sites that are differentiated through a leading foodservice offering, featuring Allsup’s famous deep-fried burrito, and a wide variety of high-quality grocery items and private-label products. Yesway’s geographic footprint consists of stores located in attractive rural and suburban markets across the Midwest and Southwest, where it is often the convenience retail destination of choice and effectively the local grocer. The Yesway team has a successful track record of growing through acquisitions and believes it is well positioned to continue to solidify its market position and grow its store count. Yesway has received numerous industry awards for its growth initiatives, management team, loyalty program, and employees’ contributions to the industry. yesway.com About Brookwood: Founded in 1993, Brookwood Financial Partners specializes in acquiring and managing value-add commercial real estate and real estate-related operating businesses. Since its inception. Brookwood has invested over $1.9 billion of equity to acquire and manage a portfolio of 202 commercial real estate properties, seven operating companies, and 428 gas stations with convenience stores, collectively representing a total capitalization of over $4.5 billion. Brookwood’s portfolio has spanned multiple asset classes, geographical markets, and industries throughout the United States. brookwoodfinancial.com About HPS: HPS is a leading global investment firm with $95 billion of assets under management, founded in 2007 to focus on credit and longer-dated, less-liquid investment opportunities. HPS manages various strategies across the capital structure that include syndicated leveraged loans, high yield bonds, privately negotiated senior secured debt, mezzanine investments, asset-based leasing, and private equity. The scale and breadth of HPS’s platform offers the flexibility to invest in companies large and small, through standard or customized solutions. HPS was originally formed as a division of Highbridge Capital Management within J.P. Morgan Asset Management, where it was known as Highbridge Principal Strategies. In March 2016, the principals and employees of HPS acquired the firm from Highbridge and J.P. Morgan Asset Management. hpspartners.com
HPS Investment Partners Investments
102 Investments
HPS Investment Partners has made 102 investments. Their latest investment was in OneTeam Partners as part of their Private Equity - II on September 9, 2022.

HPS Investment Partners Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/15/2022 | Private Equity - II | OneTeam Partners | Yes | 3 | ||
7/1/2022 | Private Equity - II | Yesway | $190M | Yes | 1 | |
5/6/2022 | Debt | SimpliSafe | $200M | Yes | 5 | |
3/8/2022 | Debt | |||||
12/15/2021 | Private Equity |
Date | 9/15/2022 | 7/1/2022 | 5/6/2022 | 3/8/2022 | 12/15/2021 |
---|---|---|---|---|---|
Round | Private Equity - II | Private Equity - II | Debt | Debt | Private Equity |
Company | OneTeam Partners | Yesway | SimpliSafe | ||
Amount | $190M | $200M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 1 | 5 |
HPS Investment Partners Portfolio Exits
34 Portfolio Exits
HPS Investment Partners has 34 portfolio exits. Their latest portfolio exit was Kobalt Music Group on September 07, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
9/7/2022 | Acq - Fin | 4 | |||
4/13/2022 | Acq - Fin | 1 | |||
12/1/2020 | Acq - Fin | 10 | |||
Date | 9/7/2022 | 4/13/2022 | 12/1/2020 | ||
---|---|---|---|---|---|
Exit | Acq - Fin | Acq - Fin | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 4 | 1 | 10 |
HPS Investment Partners Acquisitions
10 Acquisitions
HPS Investment Partners acquired 10 companies. Their latest acquisition was Spectrum Automotive Holdings on January 12, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
1/12/2023 | Acq - Fin | 1 | ||||
3/29/2022 | Acq - Fin | 2 | ||||
1/20/2022 | Take Private | 2 | ||||
1/12/2022 | ||||||
11/19/2018 | Debt |
Date | 1/12/2023 | 3/29/2022 | 1/20/2022 | 1/12/2022 | 11/19/2018 |
---|---|---|---|---|---|
Investment Stage | Debt | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin | Acq - Fin | Take Private | ||
Sources | 1 | 2 | 2 |
HPS Investment Partners Fund History
21 Fund Histories
HPS Investment Partners has 21 funds, including HPS Mezzanine Partners 2019 Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
10/5/2020 | HPS Mezzanine Partners 2019 Fund | $11,000M | 1 | ||
4/20/2020 | European Asset Value Fund II | $1,500M | 1 | ||
5/1/2019 | HPS Mezzanine Private Investors 2019 LLC | Mezzanine | Open | $844M | 1 |
4/10/2019 | Hinode Direct Lending 2017 Fund LP | ||||
12/28/2018 | Opportunistic CLO Fund II LP |
Closing Date | 10/5/2020 | 4/20/2020 | 5/1/2019 | 4/10/2019 | 12/28/2018 |
---|---|---|---|---|---|
Fund | HPS Mezzanine Partners 2019 Fund | European Asset Value Fund II | HPS Mezzanine Private Investors 2019 LLC | Hinode Direct Lending 2017 Fund LP | Opportunistic CLO Fund II LP |
Fund Type | Mezzanine | ||||
Status | Open | ||||
Amount | $11,000M | $1,500M | $844M | ||
Sources | 1 | 1 | 1 |
HPS Investment Partners Partners & Customers
2 Partners and customers
HPS Investment Partners has 2 strategic partners and customers. HPS Investment Partners recently partnered with Madison Dearborn Partners on December 12, 2016.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
12/5/2016 | Partner | United States | HPS Investment Partners to Invest in NFP NEW YORK , December 5 , 2016 -- NFP Corp. , a leading insurance broker and consultant that provides employee benefits , property & casualty , retirement and individual private client solutions , announced today that it has entered into a definitive agreement with HPS Investment Partners , LLC , a leading global investment firm , whereby HPS Investment Partners , LLC will make a substantial minority investment in NFP Corp. . | 4 | |
1/4/2012 | Partner |
Date | 12/5/2016 | 1/4/2012 |
---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | United States | |
News Snippet | HPS Investment Partners to Invest in NFP NEW YORK , December 5 , 2016 -- NFP Corp. , a leading insurance broker and consultant that provides employee benefits , property & casualty , retirement and individual private client solutions , announced today that it has entered into a definitive agreement with HPS Investment Partners , LLC , a leading global investment firm , whereby HPS Investment Partners , LLC will make a substantial minority investment in NFP Corp. . | |
Sources | 4 |
HPS Investment Partners Service Providers
3 Service Providers
HPS Investment Partners has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Take Private | Counsel | General Counsel | |
Service Provider | |||
---|---|---|---|
Associated Rounds | Take Private | ||
Provider Type | Counsel | ||
Service Type | General Counsel |
Partnership data by VentureSource
HPS Investment Partners Team
25 Team Members
HPS Investment Partners has 25 team members, including current Chief Executive Officer, Scott Kapnick.
Name | Work History | Title | Status |
---|---|---|---|
Scott Kapnick | Chief Executive Officer | Current | |
Name | Scott Kapnick | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.