Highbridge Closes Second Mezzanine Fund

Highbridge Closes Second Mezzanine Fund

Highbridge Principal Strategies has held a final close of HPS Mezzanine Partners Fund II with total capital of over $5 billion.  Since its initial closing in the first half of 2012, Fund II has invested or committed to invest over $1 billion in 9 companies. The new fund invests primarily in subordinated debt securities across a range of industries with a focus on North America and Western Europe, consistent with its 2008 predecessor fund.

“We are appreciative and fortunate to have enthusiastic support from our existing and new investors,” said Scot French, Partner of HPS and Head of HPS Mezzanine. “The strength of both our track record and global relationships positions us favorably to continue providing creative capital solutions to our corporate and private equity partners while delivering attractive returns to our investors.”

Highbridge Principal Strategies (HPS) is a credit and private investment firm with approximately $16 billion of assets under management. HPS invests across the capital structure in the public and private capital markets. HPS’ investment platform includes privately negotiated mezzanine debt investments, specialty direct lending, public credit securities, growth equity and leveraged loans. HPS is a subsidiary of Highbridge Capital Management and J.P. Morgan Asset Management. The firm is based in New York (www.highbridge.com).

“We have continued to see tremendous interest from investors around the world for non-investment grade corporate credit platforms that have scale, a deep bench of investment talent and world-class risk management capabilities. Our mezzanine fund exemplifies this dynamic as we use this sizeable, flexible capital base to seek attractive absolute and relative returns for our investors,” said Scott Kapnick, Chief Executive Officer of Highbridge Principal Strategies and Managing Partner of Highbridge Capital Management.

© 2013 PEPD • Private Equity’s Leading News Magazine • 3-19-13

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