Citi Partners with BlackRock's HPS for $17.5 Billion Private Credit ...
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Citi and BlackRock's HPS launch $17.5 billion private credit programme across EMEA
Dubai: US banking giant Citigroup and BlackRock’s HPS Investment Partners have partnered on a €15 billion ($17.5 billion) private credit programme to expand direct lending across the EMEA region, the companies said on Monday.Under the partnership, Citi will leverage its capabilities to source investment opportunities for the programme, which will target borrowers with operations in Continental Europe, the UK and, eventually, the Middle East.The …
Citigroup Inc. and BlackRock Inc.’s private credit unit HPS Investment Partners have struck an agreement to collaborate on direct-lending deals across Europe, targeting as much as €15 billion ($17.5 billion) of financings over the next five years.
Citi and BlackRock’s HPS team up on private capital programme
Citigroup and HPS Investment Partners, part of BlackRock, have formed a €15bn ($17.4bn) private capital programme focused on widening financing options for corporate and sponsor-backed borrowers across the region. The programme is expected to back €15bn of debt deals in EMEA during an initial five-year period. HPS partner and Europe head Matthieu Boulanger commented: “We are pleased to collaborate with Citi to bring expanded direct lending sol…
The two American groups target companies and sponsors in need of private financing in Europe and the Middle East. The program spans five years.
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