HPS European Corporate Lending Fund (HLEND-E) seeks to generate attractive risk-adjusted returns, predominantly in the form of current income, by curating a diversified portfolio of high-quality, senior secured, privately originated loans to established companies.
We aim to optimize risk-adjusted returns for our investors by seeking to emphasize first lien positions, robust contractual protections, a weighting towards non-cyclical industries, and a focus on middle and upper-middle market borrowers with established business franchises.
Because we generally invest in floating-rate loans with a relatively short average investment life, we believe our portfolio has the potential to be more resilient in an elevated interest rate or inflationary environment, relative to other fixed income investments.
Learn More About HPS Investment PartnersHLEND-E is supported by HPS's Direct Lending team, a group of over 250 investment professionals worldwide with significant experience investing in private credit across market cycles. The team includes industry specialists, regional coverage professionals, restructuring experts, and individuals that specialize in value enhancement – ensuring the requisite skills and expertise are in place for any portfolio company eventuality.
Private credit investment professionals, including 41 in Europe 3
Years of average experience across senior team members 4
Of senior team members have experience dating to the Great Financial Crisis 5
Mr. Boulanger is a Managing Director and Head of Europe for Private Financing Solutions at HPS Investment Partners. Before returning to HPS in 2024, Mr. Boulanger was a Partner at KKR & Co. where he was Global Co-Head and a Portfolio Manager for KKR’s Private Credit funds and portfolios. From 2008 to 2017, Mr. Boulanger was a Managing Director at HPS Investment Partners where he focused primarily on private credit strategies in the U.S. and in Europe. Prior to 2008, Mr. Boulanger worked at Citigroup, most recently in the Global Special Situations Group (a credit-focused, on-balance sheet proprietary investment fund, where he was responsible for leading the origination and execution of private equity and mezzanine investments), and before that, in the Infrastructure & Energy Finance Group and in the Banking division. Mr. Boulanger received a BA in Finance and Economics from the University of Paris IX (Dauphine) and an MSc in Economics from the London School of Economics and Political Science.
Ms. Conran is a Managing Director at HPS. Prior to joining HPS in 2016, Ms. Conran worked as an Investment professional across the Special Situations Group at BlueBay Asset Management in London, where she focused on private credit and distressed debt investments. Ms. Conran holds a BSc in Economics and Finance from the Quinn School of Business at University College Dublin.
Mr. Fitts is a Managing Director at HPS. Prior to joining HPS in 2014, Mr. Fitts spent six years as a Managing Director at Alvarez and Marsal ("A&M"), where he was responsible for the workout, management and ultimate liquidation of Lehman Brothers’ real estate portfolio following Lehman’s Chapter 11 filing. Prior to that, Mr. Fitts worked at GE Capital from 2000 to 2008, where he led workout, portfolio and distressed debt investing groups. From 1988 to 2000, Mr. Fitts worked at Citicorp focusing on real estate and corporate workouts and real estate asset management. Mr. Fitts holds a BS in Finance from the University of Delaware.
Mr. Patterson is Co-President and a Founding Partner of HPS Investment Partners, where he is the Portfolio Manager for the HPS Specialty Loan Funds and the Core Senior Lending Funds. He is also the Chairman and CEO of the HPS Corporate Lending Fund and the HPS Corporate Capital Solutions Fund. In addition, Mr. Patterson is a member of BlackRock’s Global Executive Committee and a Senior Managing Director in the Private Financing Solutions (PFS) Executive Office, which leads BlackRock’s private credit, GP/LP solutions, and liquid and private credit CLO businesses.
Mr. Patterson joined HPS at its inception in 2007, establishing the European business before returning to the United States in 2009. Before joining HPS, Mr. Patterson was with Silver Point Capital in the U.S. and Europe and the Goldman Sachs Principal Investing Area in New York. Prior to his investing career, Mr. Patterson served as an officer in the United States Navy. Mr. Patterson holds an AB in Applied Mathematics from Harvard College and an MBA from Stanford University’s Graduate School of Business, where he was an Arjay Miller Scholar.
Mr. Stainton is a Managing Director at HPS. Prior to joining HPS in 2016, Mr. Stainton worked at Bain Capital Credit for seven years, where he sourced, evaluated and executed a range of debt and equity investments. Mr. Stainton led Bain Capital’s European Special Situations Team and played a key role in launching the Real Estate strategy. Mr. Stainton holds a Double First Class BA from Merton College, University of Oxford and an MPhil from Robinson College, University of Cambridge.
Ms. Zagajewski is a Managing Director at HPS. Prior to joining HPS in 2021, Ms. Zagajewski worked as a Vice President at Park Square Capital in London, sourcing and executing subordinated capital investments. Prior to Park Square, Ms. Zagajewski worked as an Analyst at UBS, where she focused on leveraged financing transactions. Ms. Zagajewski holds a BA in Economics & Management from the University of Oxford.
All commentary represents HPS’s subjective opinions and views as of the date hereof and is subject to change depending on market environment
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