Hps Investment Partners, LLC (New York)


Hps Investment Partners, LLC is a large advisory firm based in New York. It manages $48.01 billion of regulatory assets for 128 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Connecticut, Florida, South Carolina, and Texas.

Hps Investment Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hps Investment Partners: assets under management

The assets under management (AUM) of Hps Investment Partners, LLC is $48.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 151% since the beginning of its operation, and $37.13 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $48.01 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $375.08 million each.
Hps Investment Partners has custody of $9.19 billion in cash and securities for 37 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 94% of the total AUM. The second-largest asset type is other assets, which make up 5% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hps Investment Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hps Investment Partners serves?

The only and largest group of clients of Hps Investment Partners is pooled investment vehicles with 120 clients and $47 billion of assets under management. Among the 11 most similar advisory firms, Hps Investment Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $47 billion for 120 clients. 63% of the firm’s clients are foreign persons or businesses.

Hps Investment Partners also advises several private funds. Namely, thirty one hedge funds, six real estate funds, five other private funds, sixty one private equity funds, and eighteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Hps Investment Partners, LLC

The company employs 307 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 22 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Faith Rosenfeld Chief administrative officer (hps investment partners, llc)/managing director 1 Apr 2007 Other 1051168
Scott Bancroft Kapnick Chief executive officer (hps investment partners, llc) 1 Jul 2007 Other 1690222
Llc Hps Investment Partners Sole and managing member (hps mezzanine partners, llc) 1 Nov 2007 75% - 100% 30-0931099
Ltd. Hps Investment Partners (Uk) I Managing member (hps investment partners (uk) llp) 1 Aug 2008 50% - 75% 98-0608759
Ltd. Hps Investment Partners (Uk) Ii Managing member (hps investment partners (uk) llp) 1 Aug 2008 50% - 75% 98-0608761
Llc Constellation Growth Capital Managing member (cvc iii partners llc) 1 Nov 2008 Other 20-8774276
Clifford Hall Friedman Member (cvc iii partners llc) 1 Nov 2008 25% - 50% 1579785
Thomas Barton Wasserman Member (cvc iii partners llc) 1 Nov 2008 Other 2939346
Liza Anne Boyd Member (cvc iii partners llc) 1 Nov 2008 Other 2927829
Nobuyuki Idei Member (cvc iii partners llc) 1 Dec 2008 Other 6235594
Lars Berg Member (cvc iii partners llc) 1 Dec 2008 Other 6235812
Llc Hps Investment Partners Sole and managing member (constellation growth capital, llc) 1 Feb 2009 75% - 100% 30-0931099
Llc Hps Investment Partners Sole and managing member (hps mezzanine partners ii, llc) 1 Jan 2012 75% - 100% 30-0931099
The Kathleen Griesser Kapnick 2011 Family Trust Member (cvc iii partners llc) 1 Jun 2012 Other 30-8541111
Yoohyun Katherine Choi General counsel (hps investment partners, llc)/managing director 1 Aug 2012 Other 6105476
Paul Ryan Knollmeyer Chief financial officer and chief risk officer (hps investment partners, llc)/managing director 1 Apr 2014 Other 4919933
Llc Hps Investment Partners Sole and managing member (hps mezzanine management iii, llc) 1 Dec 2015 75% - 100% 30-0931099
Llc Hps Investment Partners Sole shareholder (hps investment partners (hk), limited 1 Feb 2016 75% - 100% 30-0931099
Llc Hps Group Holdings Ii Sole member (hps investment partners, llc) 1 Mar 2016 75% - 100% 30-0931099
Llc Hps Investment Partners Sole member (hps opportunities sl management, llc) 1 Mar 2016 75% - 100% 30-0931099
Joseph James Virgilio Chief compliance officer (hps investment partners, llc)/managing director 1 Apr 2016 Other 2041281
Ltd. Hps Investment Partners (Uk) Ii Designated member (hps investment partners clo (uk) llp) 1 Jun 2016 50% - 75% 98-0608761
Ltd. Hps Investment Partners (Uk) I Designated member (hps investment partners clo (uk) llp) 1 Jun 2016 50% - 75% 98-0608759
Llc Hps Investment Partners Sole member (hps re management, llc) 1 Nov 2016 75% - 100% 30-0931099
L.P. Hps Investment Partners Clo (Us) Holdings Sole member (hps investment partners clo (us), llc) 1 Feb 2017 75% - 100% 98-1340962
European Clo Strategy Sarl Member (hps investment partners clo (uk) llp) 1 Apr 2017 50% - 75% 98-1362719

Indirect Owners

The SEC currently registers 20 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Hps Investment Partners Shareholder 1 Aug 2008 75% - 100% 30-0931099
Richard Bradshaw Kapnick Trustee 1 Nov 2011 Other 6637750
L.P. Hps Group Holdings I Sole member 1 Dec 2015 75% - 100% 30-0931099
Purnima Puri Board member 1 Mar 2016 Other 2931334
Faith Rosenfeld Board member 1 Mar 2016 Other 1051168
Michael D. Patterson Board member 1 Mar 2016 Other 4697996
Scott Bancroft Kapnick Board member 1 Mar 2016 25% - 50% 1690222
Scot Powell French Board member 1 Mar 2016 Other 2795950
Llc Hps Group Gp General partner 1 Mar 2016 Other 81-1740614
L.P. Hps Group Limited partner 1 Mar 2016 75% - 100% 61-1786435
Stichting European Clo Strategy Shareholder 1 Dec 2016 75% - 100% foreign entity
Faith Rosenfeld Board member 1 Dec 2016 Other 1051168
Llc Hps Investment Partners Managing member 1 Dec 2016 75% - 100% 30-0931099
Llc Hps Investment Partners Clo (Us) Gp General partner of sole member 1 Feb 2017 Other 98-1341202
Llc Hps Investment Partners Limited partner of the sole member 1 Feb 2017 50% - 75% 30-0931099
Joy Drive Ii Trust Limited partner of the sole member 1 Feb 2017 25% - 50% 20-4464511
Steven Charles Demby Trustee 1 Feb 2017 Other 6770864
L.P. Hps Group Limited partner 1 Jun 2018 75% - 100% 61-1786435
L.P. Hps Group Adviser Holdings Limited partner 1 Jun 2018 75% - 100% 83-0554706
Llc Hps Group Gp General partner 1 Jun 2018 Other 81-1740614

Based in New York

The principal office where Hps Investment Partners, LLC performs its advisory services is located at 40 West 57 Th Street, 33 Rd Floor, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-287-6767 or by fax 212-287-6777. The normal business hours are 8am - 6pm on Monday - Friday.