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HPS Raises $11 7B for its Largest Direct Lending Fund

HPS Raises $11 7B for its Largest Direct Lending Fund
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HPS closes latest direct lending fund at $11 7 billion

HPS closes latest direct lending fund at $11 7 billion
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Indiana places $122 million in 2 alts strategies

Indiana places $122 million in 2 alts strategies Print Indiana Public Retirement System, Indianapolis, committed a total of $122 million to two alternative investment strategies run by existing managers in October from the system s $32 billion defined benefit plan. The largest commitment was an additional $100 million from the DB plan s $4 billion private markets portfolio to HPS Brickyard Direct Lending Fund, a separately managed account, said investment officers in a report for the system s Board of Trustees meeting conducted remotely Friday. INPRS initially invested $100 million on June 1, 2018, in the account, managed by HPS Investment Partners. The account targeted equal investment in the HPS Specialty Loan Fund 2016 and HPS Core Senior Lending Fund.

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