Highbridge spinout HPS targets $8 bln for fourth mezz pool


Highbridge Capital Management, HPS Investment Partners, private equity, pension fund, TRS Louisiana
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HPS Investment Partners is back with its fourth mezzanine fund, targeting $8 billion, Teachers’ Retirement System of Louisiana documents show. Louisiana Teachers’ committed $100 million to HPS’s new fund. HPS’s previous mezzanine-debt fund raised $6.6 billion, the largest debt fund in 2016. ...

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