Hps Investment Partners, Llc
- Regulatory AUM
- $176B
- Discretionary
- $171B
- Clients
- 563
- Avg AUM / client
- $312M
- Accounts
- 293
- Employees
- 826
AUM over time
Annual snapshots from Form ADV filings · as of May 20, 2026
Asset allocation (SMA assets by investment type)
as of May 20, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Banking or thrift institutions | 1 | $739M | 0.42% |
| Pooled investment vehicles (non-investment companies) | 527 | $136B | 77.4% |
| Pension and profit sharing plans | 2 | $473M | 0.27% |
| State or municipal government entities | 1 | $337M | 0.19% |
| Insurance companies | 27 | $37.1B | 21.1% |
| Corporations and other businesses | 1 | $68.9M | 0.04% |
| Other | 4 | $1.0B | 0.58% |
Private funds (230)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $131B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Hps Offshore Mezzanine Partners 2019, L.P. | Private Equity Fund | Cayman Islands | $5.9B | 93 |
| Hps Offshore Strategic Investment Partners V, L.P. | Private Equity Fund | Cayman Islands | $5.7B | 101 |
| Core Senior Lending Portfolio Ii, Scsp master | Private Equity Fund | Luxembourg | $4.8B | 48 |
| Hps Strategic Investment Partners V, L.P. | Private Equity Fund | Delaware | $4.4B | 122 |
| Offshore Mezzanine Partners Iii, L.P. master | Private Equity Fund | Cayman Islands | $4.3B | 62 |
| Hps Mezzanine Partners 2019, L.P. | Private Equity Fund | Delaware | $4.2B | 103 |
| Hps Specialty Loan International Fund Vi L, Scsp master | Hedge Fund | Luxembourg | $3.1B | 37 |
| Hps Specialty Loan International Fund V L, L.P. | Hedge Fund | Cayman Islands | $3.0B | 63 |
| Core Senior Lending Fund Ii, Scsp master | Private Equity Fund | Luxembourg | $2.7B | 13 |
| Hps Specialty Loan Fund V, L.P. | Private Equity Fund | Cayman Islands | $2.7B | 33 |
| Hps Specialty Loan Fund Vi, Scsp master | Private Equity Fund | Luxembourg | $2.6B | 17 |
| Hps Specialty Loan Fund V L, L.P. | Hedge Fund | Cayman Islands | $2.6B | 125 |
| Cactus Direct Lending Fund, L.P. | Hedge Fund | Delaware | $2.5B | 2 |
| Hps Core Senior Lending Portfolio (Pb) Ii, L.P. master | Hedge Fund | Delaware | $2.0B | 1,128 |
| Hps Offshore Strategic Investment Partners V Europe, Scsp | Private Equity Fund | Luxembourg | $2.0B | 40 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Intermountain Healthcare Pension Plan Intermountain Health Care, Inc. | 2024 |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rosenfeld, Faith | Chief Administrative Officer (Hps Investment Partners, Llc)/Managing Director | Apr 2007 (19y) | Less than 5% | |
| Kapnick, Scott, Bancroft | Chief Executive Officer (Hps Investment Partners, Llc) | Jul 2007 (19y) | ≈ 7.91% – 50% via Hps Group, L.P. | |
| Choi, Yoohyun Katherine | General Counsel (Hps Investment Partners, Llc)/Managing Director | Aug 2012 (14y) | Less than 5% | |
| Knollmeyer, Paul, Ryan | Chief Financial Officer And Chief Risk Officer (Hps Investment Partners, Llc)/Managing Director | Apr 2014 (12y) | Less than 5% | |
| French, Scot, Powell | Board Member | Mar 2016 (10y) | GP / trustee / elected manager of Hps Group, L.P. (indirect) | |
| Patterson, Michael, D. | Board Member | Mar 2016 (10y) | GP / trustee / elected manager of Hps Group, L.P. (indirect) | |
| Puri, Purnima | Board Member | Mar 2016 (10y) | GP / trustee / elected manager of Hps Group, L.P. (indirect) | |
| Virgilio, Joseph, James | Chief Compliance Officer (Hps Investment Partners, Llc)/Managing Director | Apr 2016 (10y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Hps Group Holdings Ii, Llc | Sole Member (Hps Investment Partners, Llc) | Mar 2016 | A | 75% or more |
| Hps Group Holdings I, L.P. | Sole Member | Dec 2015 | B | ≈ 56.25% – 100% via Hps Group Holdings Ii, Llc |
| Hps Group, L.P. | Limited Partner | Jun 2018 | B | ≈ 31.64% – 100% via Hps Group Adviser Holdings, L.P. |
| Hps Group Adviser Holdings, L.P. | Limited Partner | Jun 2018 | B | ≈ 42.19% – 100% via Hps Group Holdings I, L.P. |
| Hps Group Gp, Llc | General Partner | Mar 2016 | B | GP / trustee / elected manager of Hps Group Holdings I, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Kapnick, Scott, Bancroft: 25% – 50% of Hps Group, L.P. × 75% – 100% of Hps Group Adviser Holdings, L.P. × 75% – 100% of Hps Group Holdings I, L.P. × 75% – 100% of Hps Group Holdings Ii, Llc × 75% – 100% direct ≈ 7.91% – 50% of the firm
- Hps Group Holdings I, L.P.: 75% – 100% of Hps Group Holdings Ii, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Hps Group, L.P.: 75% – 100% of Hps Group Adviser Holdings, L.P. × 75% – 100% of Hps Group Holdings I, L.P. × 75% – 100% of Hps Group Holdings Ii, Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Hps Group Adviser Holdings, L.P.: 75% – 100% of Hps Group Holdings I, L.P. × 75% – 100% of Hps Group Holdings Ii, Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (230, $131B gross assets)
Top 25 of 230 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Intermountain Healthcare Pension Plan | Intermountain Health Care, Inc. | 25,307 | $3.4B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/20/2026 | 55.9 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $3.1B (2% of AUM) May 2026
- J.P. Morgan $2.4B (1% of AUM) May 2026
- Northern Trust $1.1B (1% of AUM) Feb 2025
- Credit Suisse Securities (Usa) Llc $390M (1% of AUM) Mar 2019
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 20, 2026.
View current Form ADV (SEC/IAPD) ↗