Citi and HPS Launch €15 Billion Private Debt Initiative Across EMEA

Citi and BlackRock‘s HPS Investment Partners have launched a €15 billion private capital programme to expand private financing access for corporate and sponsor-owned borrowers.

The initiative aims to finance €15 billion of debt opportunities over an initial five-year term.

It targets borrowers with principal businesses based in Continental Europe and the UK, with plans to eventually include the Middle East.

Under the agreement, Citi will use its investment, corporate, and commercial banking networks to source investment opportunities.

Eligible transactions will include a broad range of sub-investment grade debt instruments.

“To meet the increasing demand from our corporate and sponsor clients for tailored private credit solutions, we are excited to announce this collaboration with HPS,”

said John McAuley, Co-Head of Debt Capital Markets, Citi.

“This programme is designed to directly support our clients’ strategic objectives across the EMEA region by combining Citi’s deep client relationships and origination strength with their significant capital and structuring expertise,”

McAuley added.

“We are pleased to collaborate with Citi to bring expanded direct lending solutions to the EMEA market,”

said Matthieu Boulanger, Partner and Head of Europe, HPS.

“This collaboration will enable us to draw on Citi’s extensive network and origination pipeline, further strengthening our ability to deliver tailored financing options to a broad range of borrowers,”

Boulanger said.

Featured image credit: Edited by Fintech News Switzerland, based on image by ghiska via Magnific

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