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.