Clients
HPS Investment Partners serves 563 clients, 527 of them pooled investment vehicles. The average client has about $312 million with the firm.
- Pooled investment vehicles527 clients77%
- Insurance companies27 clients21%
- OtherBanking or thrift institutions, Pension and profit-sharing plans, State or municipal government entities, Corporations and other businesses, Other2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | 1 | $739,177,683 | 0.4% | $739.2M |
| Pooled investment vehicles | 527 | $135,963,658,046 | 77.4% | $258.0M |
| Pension and profit-sharing plans | 2 | $472,795,002 | 0.3% | $236.4M |
| State or municipal government entities | 1 | $337,054,586 | 0.2% | $337.1M |
| Insurance companies | 27 | $37,118,749,097 | 21.1% | $1.37B |
| Corporations and other businesses | 1 | $68,916,547 | 0.0% | $68.9M |
| Other | 4 | $1,023,763,995 | 0.6% | $255.9M |
| Total | 563 | $175,724,114,956 | 100% | $312.1M |
- Clients
- 1
- Regulatory AUM
- $739,177,683
- Share
- 0.4%
- Avg. per client
- $739.2M
- Clients
- 527
- Regulatory AUM
- $135,963,658,046
- Share
- 77.4%
- Avg. per client
- $258.0M
- Clients
- 2
- Regulatory AUM
- $472,795,002
- Share
- 0.3%
- Avg. per client
- $236.4M
- Clients
- 1
- Regulatory AUM
- $337,054,586
- Share
- 0.2%
- Avg. per client
- $337.1M
- Clients
- 27
- Regulatory AUM
- $37,118,749,097
- Share
- 21.1%
- Avg. per client
- $1.37B
- Clients
- 1
- Regulatory AUM
- $68,916,547
- Share
- 0.0%
- Avg. per client
- $68.9M
- Clients
- 4
- Regulatory AUM
- $1,023,763,995
- Share
- 0.6%
- Avg. per client
- $255.9M
Total
- Clients
- 563
- Regulatory AUM
- $175,724,114,956
- Share
- 100%
- Avg. per client
- $312.1M
What it does
HPS Investment Partners provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
HPS Investment Partners advises 253 private funds.
97.1% of assets ($170.65B across 277 accounts) are managed with discretion; $5.08B across 16 accounts are not. 56% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks4%
- Funds6%
- Bonds4%
- Investment grade corporate bonds3%
- High-yield corporate bonds1%
- Other86%
- Consists of bank loans, collateralized loan obligations, delayed draw bank loans, term loans, and revolvers85%
- Derivatives1%
Custodians
HPS Investment Partners’ client accounts are held mainly at Bank of New York Mellon, with 2% of managed assets, and J.P. Morgan, with 1%. HPS Investment Partners has custody of $120.98B for 210 clients.
- Bank of New York MellonBank of New York Mellon · New York, NY · $3.14B2%
- J.P. MorganJP Morgan Chase Bank, N.A. · Columbus, OH · $2.41B1%
- All other custodians$170.17B97%
Ownership and leadership
HPS Group Holdings II, LLC owns 75% or more of HPS Investment Partners, and Scott Kapnick is its CEO.
- Owns 75% or more of HPS Investment Partners, LLC
HPS Group Holdings II, LLC
Control person · since March 2016
- Owns 75% or more of HPS Group Holdings II, LLC
HPS Group Holdings I, L.P.
Control person · since December 2015
- Owns 75% or more of HPS Group Holdings I, L.P.
HPS Group Adviser Holdings, L.P.
Control person · since June 2018
- Owns 75% or more of HPS Group Adviser Holdings, L.P.
Blackrock Capital Investment Advisors, LLC
Control person · since July 2025
- Owns 75% or more of Blackrock Capital Investment Advisors, LLC
Blackrock Advisors, LLC
Control person · since September 2017
- Owns 75% or more of Blackrock Advisors, LLC
Blackrock Capital Holdings, Inc.
Control person · since September 2006
- Owns 75% or more of Blackrock Capital Holdings, Inc.
Blackrock Financial Management, Inc
Control person · since March 2015
- Owns 75% or more of Blackrock Financial Management, Inc
Blackrock Holdco 2, Inc.
Control person · since September 2006
- Owns 75% or more of Blackrock Holdco 2, Inc.
Blackrock Finance, Inc.
Control person · since September 2006
- Owns 75% or more of Blackrock Finance, Inc.
Blackrock Saturn Subco, LLC
Control person · since July 2025
- Owns 75% or more of Blackrock Saturn Subco, LLC
Blackrock, Inc.
Control person · since July 2025
Leadership
- Scott KapnickChief Executive Officer (HPS Investment Partners, LLC)
- Paul KnollmeyerChief Financial Officer and Chief Risk Officer (HPS Investment Partners, LLC)/Managing Director
- Joseph VirgilioChief Compliance Officer (HPS Investment Partners, LLC)/Managing Director
- Yoohyun Katherine ChoiGeneral Counsel (HPS Investment Partners, LLC)/Managing Director
- Faith RosenfeldChief Administrative Officer (HPS Investment Partners, LLC)/Managing Director
Staff
- 826 employees
- 402 in advisory functions
- 58 broker-dealer reps
- 4 soliciting firms
Fees
HPS Investment Partners is paid through a percentage of assets under management and performance-based fees.
HPS Investment Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, HPS Investment Partners has 19 offices, with 13 listed addresses across 10 states.
California · 2 listed addresses
- 10250 Constellation BLVD, Los Angeles
- 650 California Street, San Francisco
New York · 2 listed addresses
- 40 West 57th Street, 33rd Floor, New YorkHQ
- 50 Hudson Yards, New York
Texas · 2 listed addresses
- 2001 Ross Avenue, Dallas
- 500 W. 2nd ST, Austin
Connecticut · 1 listed address
- 750 Washington BLVD, Stamford
Florida · 1 listed address
- North Building, Palm Beach
Illinois · 1 listed address
- 110 North Wacker Drive, Chicago
Missouri · 1 listed address
- 8027 Forsyth BLVD, Clayton
South Carolina · 1 listed address
- 1320 Main ST, Columbia
Washington · 1 listed address
- 1455 NW Leary Way, Seattle
Wyoming · 1 listed address
- 680 S Cache Street, Suite 100, Jackson
Registration details
- Legal name
- HPS Investment Partners, LLC
- Headquarters
- 40 West 57th Street, 33rd Floor, New York, NY 10019
- Phone
- 212-287-6767
- Website
- Not reported
- SEC file
- 801-107234
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does HPS Investment Partners have?
HPS Investment Partners has 563 clients and manages $175.7 billion for them, as of May 2026. They include 527 pooled investment vehicles, 27 insurance companies and 4 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 May 2026
What services does HPS Investment Partners offer?
HPS Investment Partners provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does HPS Investment Partners use?
HPS Investment Partners’ separately managed account assets are held at Bank of New York Mellon (New York, NY), with $3,143,034,060 and JP Morgan Chase Bank, N.A. (Columbus, OH), with $2,406,539,421. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 May 2026
How many financial advisors does HPS Investment Partners have?
HPS Investment Partners has 0 investment adviser representatives registered with state securities authorities, out of 826 employees, and 402 perform investment advisory functions. 58 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does HPS Investment Partners invest in?
At the end of its last fiscal year, HPS Investment Partners’ separately managed accounts held 85% consists of bank loans, collateralized loan obligations, delayed draw bank loans, term loans, and revolvers, 6% pooled vehicles (private funds and similar), 4% non-exchange-traded equities, 3% investment grade corporate bonds, 1% high-yield corporate bonds and 1% derivatives. It advises 253 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns HPS Investment Partners?
HPS Investment Partners is owned through a chain of holding companies by Blackrock, Inc. Its direct owner is HPS Group Holdings II, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 May 2026
How does HPS Investment Partners get paid?
HPS Investment Partners is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file