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HPS Investment Partners Invests Up to S$555M in Asian Waste Business

22 Oct

Summary

HPS Investment Partners is committing up to S$555 million.
The investment targets an Asian waste management business.
This follows BlackRock's acquisition of HPS Investment Partners.

HPS Investment Partners Invests Up to S$555M in Asian Waste Business

HPS Investment Partners has announced a substantial investment commitment of up to S$555 million (approximately $434.6 million) into an Asian waste management business. This move marks a significant deployment of capital by the alternative asset manager in the region.

The investment follows HPS's recent acquisition by BlackRock Inc., indicating a strategic push to expand its presence and influence across Asia. Funds managed by HPS will subscribe to preference shares, a move designed to strengthen the targeted waste management company.

This influx of capital is expected to bolster the operational capacity and growth potential of the Asian waste management sector. It highlights a growing investor appetite for sustainable and essential services within emerging markets.

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