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Abu Dhabi-based investment manager Lunate and HPS Investment Partners announced that Lunate will anchor a new platform with a commitment of at least USD 1 billion. The vehicle, named the HPS Strategic Solutions Partners Platform, will focus on privately negotiated preferred and common-equity investments as well as related debt instruments in large corporates primarily in the United States and Europe. The partners also say that investors based in the Middle East will be able to access the platform. Lunate manages over USD 110 billion and is part of Abu Dhabi's push to build a strong alternative investments hub.
Abu Dhabi-based alternative investment manager Lunate and BlackRock-owned HPS Investment Partners have launched a new investment vehicle, to which Lunate is committing a minimum of USD 1 billion. The platform - called HPS Strategic Solutions Partners will focus on making privately negotiated investments in large companies in the United States and Europe. These investments will encompass both preferred and common stock, as well as associated debt instruments. Advertisement
HPS noted in its statement that "market dynamics continue to create attractive opportunities for customised, scaled capital solutions, as both sponsor and non-sponsor owned large companies seek flexible sources of financing." In other words, the partners see a growing opportunity in lending and equity-support for large corporates that need flexible capital rather than traditional financing. At the end of June, HPS reported around USD 165 billion in assets under management.
Lunate, headquartered in Abu Dhabi and managing about USD 110 billion, is strategically positioned to play a central role in the UAE's alternative investments sector. Abu Dhabi is home to several sovereign wealth funds which together oversee roughly USD 1.5 trillion of assets, and the emirate is making deliberate moves to build a major private-markets ecosystem. Lunate is being pitched as a "national champion" in that effort.
The joint platform will also open doors for Middle East-based investors to participate, allowing access to U.S. and European corporate-capital-solutions strategies through this vehicle. The focus on large corporates rather than just private or small-cap firms signals ambition to compete at scale. Historically, Lunate has shown its appetite for large deals - for example acquiring a 40 per cent stake in Adnoc Oil Pipelines in April 2024 from BlackRock and KKR, signalling its willingness to engage major infrastructure assets in the region.
By aligning with HPS, which is well-known globally for private credit and equity investments, Lunate gains access to a global platform and investor network; meanwhile HPS taps into the Gulf region's capital and appetite for private-market exposure. The platform is thus both a financing vehicle for large corporates and a gateway for regional investors into global private markets.
Source Reuters
5th Jun, 2025
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