Digital wealth manager Endowus has expanded its offering in a partnership with one of the world’s largest private credit firms.
Endowus has partnered with HPS Investment Partners to provide access to its evergreen private credit solution, according to a statement. This furthers the digital wealth manager's alternatives offering across private credit, private equity and private real estate from asset managers including Ares, Carlyle, EQT, HarbourVest, KKR, Oaktree, Partners Group, PIMCO and UBS Asset Management.
HPS was founded in 2007, originally as a division of Highbridge Capital Management within J.P. Morgan Asset Management. It currently has $123 billion in private credit assets under management, overseen by a team of more than 240 investment professionals across 14 offices worldwide. According to PDI 200, HPS is the world’s fourth largest private debt fund manager by capital raised.
«We are excited to be partnering with HPS, one of the most experienced leaders in the private credit space, to bring high quality private credit evergreen solutions that broaden the investment opportunities and diversification benefits for our clients,» commented Endowus chairman and chief investment officer Samuel Rhee. «We are seeing strong demand for private credit and it will remain an important asset class for our clients.»
