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HPS Investment Partners, LLC
Scott Kapnick · Asset Manager · Fixed Income
HPS Investment Partners, LLC is a leading global alternative investment firm that specializes in private and liquid credit strategies. Founded in 2007 by Scott Kapnick, Scot French, and Michael Patterson, the firm was originally Highbridge Principal Strategies, a division of J.P. Morgan's Highbridge Capital Management. In 2016, the firm's leadership completed a management buyout to become an independent, employee-owned entity. Headquartered in New York, HPS manages a diverse range of strategies across the capital structure, including corporate private credit, asset-based finance, mezzanine debt, and liquid credit. The firm is recognized for its ability to navigate complex financial situations and provides customized capital solutions to companies globally. In December 2024, BlackRock announced a definitive agreement to acquire HPS to significantly expand its private credit platform, with the transaction expected to close in 2025.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -19.0% |
| YTD return | -17.4% |
| Sharpe ratio | -3.57 |
| Win rate | 0% |
| AUM | $0.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.hpspartners.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AON | Aon PLC | 99.4% | -19.1% |
| ARGGY | Aston Martin Lagonda Global Holdings plc | 0.6% | 0.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Oct 1, 2025 | BUY | AON | 0.0% → 99.4% |
| Oct 1, 2025 | BUY | ARGGY | 0.0% → 0.6% |
Investment Style Analysis
HPS Investment Partners, LLC is widely recognized for employing a Fixed Income strategy. As of Sep 21, 2026, the firm oversees approximately $0.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Insurance Brokers and Auto Manufacturers sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Oct 1, HPS Investment Partners, LLC made a significant move by increasing exposure to AON. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
HPS Investment Partners focuses on delivering attractive risk-adjusted returns across various market cycles by identifying and exploiting complexities within the alternative credit landscape. The firm leverages its large, durable capital base and diverse sourcing capabilities to provide tailored capital solutions across the entire capital structure. Their investment approach combines rigorous fundamental research with innovative problem-solving to address situational, transactional, and business complexity. HPS seeks to invest in opportunities where principal is well-protected while maximizing upside potential through specific catalysts and active engagement. By maintaining a global presence and deep sector expertise, the firm identifies market shifts early and capitalizes on long-term trends in both private and liquid credit markets.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with HPS Investment Partners, LLC.
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Frequently asked questions
How is the simulated portfolio for HPS Investment Partners, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is HPS Investment Partners, LLC's largest holding?
As of the latest filing, HPS Investment Partners, LLC's top position is Aon PLC (AON), representing 99.4% of the portfolio. This reflects a high-conviction bet by the institution.
What is HPS Investment Partners, LLC's historical performance and risk profile?
Our simulation indicates a total return of -19.0%. Notably, the portfolio maintains a Sharpe Ratio of -3.57, suggesting an standard level of risk-adjusted returns compared to the broader market.
What sectors does HPS Investment Partners, LLC primarily invest in?
HPS Investment Partners, LLC has a strong preference for the Insurance Brokers sector, which makes up 99.4% of their disclosed assets. The portfolio also has exposure to Auto Manufacturers, indicating a specific thematic focus.
Is HPS Investment Partners, LLC's portfolio concentrated or diversified?
HPS Investment Partners, LLC runs a highly concentrated portfolio with 2 disclosed positions. The top 3 holdings alone account for 100.0% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has HPS Investment Partners, LLC performed in 2026?
Our AI-simulated model portfolio for HPS Investment Partners, LLC tracks a Year-to-Date (YTD) return of -17.4%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Scott Kapnick manage HPS Investment Partners, LLC directly?
Yes, Scott Kapnick serves as the key portfolio manager for HPS Investment Partners, LLC, overseeing the investment strategy and final capital allocation decisions.