HPS Investment Partners raises $4.24bn

The New York-headquartered firm targets North America and Western Europe debt market.

HPS Investment Partners held a final close on $4.24 billion for its HPS Specialty Loan Fund 2016, surpassing the $3.5 billion target. The firm began fundraising back in June 2016.

The firm will use the capital to issue senior debt across a diverse number of sectors in North America and Western Europe.