Just Closed: HPS raises $4.6bn

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HPS has raised $4.6 billion for its Mezzanine Partners III, according to a SEC filing. The New York-headquartered firm began fundraising in 2015 with a $5.5 billion target.

Its previous fund raised $5 billion in 2013.

The fund will target subordinated/mezzanine debt opportunities in a diverse number of sectors in North America and Europe.