Private fund adviser · New York, NY
HPS Investment Partners, LLC
SEC-registered investment adviser · CRD 282125 · SEC 801-107234
At a glance
HPS Investment Partners, LLC is an SEC-registered investment adviser based in New York, New York, with $175.7 billion in regulatory assets under management as of its Form ADV filed May 20, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 40th of 4,686 private fund advisers and 154th of 17,210 SEC-registered advisers by assets.
Main office 212-287-6767hpspartners.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $176B
- Rank among private fund advisers
- #40 of 4,686
- Rank among all SEC RIAs
- #154 of 17,210
- Rank in New York
- #30 of 2,591
- Clients
- 563
- Accounts
- 293
- Discretionary
- 97% of AUM
- Employees
- 826
- Advisory staff
- 402
- Offices
- 20
Owners and executives on its Form ADV
- Joseph J. VirgilioChief Compliance Officer (HPS Investment Partners, Llc)/managing Director
- Scott B. KapnickChief Executive Officer (HPS Investment Partners, LLC)
- Faith RosenfeldChief Administrative Officer (HPS Investment Partners, Llc)/managing Director
- Paul R. KnollmeyerChief Financial Officer and Chief Risk Officer (HPS Investment Partners, Llc)/managing Director
- Yoohyun Katherine ChoiGeneral Counsel (HPS Investment Partners, Llc)/managing Director
Custody and brokerage
Broker-dealer
Hybrid RIA
HPS Investment Partners, LLC is a hybrid RIA: 58 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: HPS Securities, LLC.
- HPS Securities, LLC ↗CRD 319197
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 527 | $136B | 77% |
| Insurance companies | 27 | $37B | 21% |
| Other | 4 | $1.0B | <1% |
| Banking or thrift institutions | 1 | $739M | <1% |
| Pension and profit sharing plans | 2 | $473M | <1% |
| State or municipal government entities | 1 | $337M | <1% |
| Corporations or other businesses | 1 | $69M | <1% |
Private funds
HPS Investment Partners, LLC reports 253 private funds with $151B in gross assets: hedge funds, private equity funds, securitized asset funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
HPS Investment Partners, LLC answers yes to 11 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗hpspartners.com ↗
AtlasMembers
The full record on HPS Investment Partners, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 9 years of filings
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- Growth over one, three and five years
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- Rank against 134 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does HPS Investment Partners, LLC manage?
HPS Investment Partners, LLC reports $175.7 billion in regulatory assets under management across 293 accounts, 97% of it on a discretionary basis, on its Form ADV filed May 20, 2026.
What kind of firm is HPS Investment Partners, LLC?
HPS Investment Partners, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are HPS Investment Partners, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($136.0 billion, 527 clients); insurance companies ($37.1 billion, 27 clients); other ($1.0 billion, 4 clients).
Does HPS Investment Partners, LLC manage private funds?
Yes. It reports 253 private funds with $150.8 billion in gross assets, including hedge funds, private equity funds, securitized asset funds, other private funds.
Does HPS Investment Partners, LLC have any disciplinary history?
HPS Investment Partners, LLC answers yes to 11 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is HPS Investment Partners, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →