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HPS Corporate Lending Fund Limits Withdrawals for Second Straight Quarter
The $13 billion fund run by HPS has restricted investor redemptions for another three-month period.
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The HPS Corporate Lending Fund has restricted withdrawals for a second consecutive quarter. The fund holds $13 billion in assets. HPS operates the vehicle. The firm announced the renewed limits without providing additional detail on the size of redemption requests or the duration of the restriction beyond the current quarter.
The measure follows an identical step taken three months earlier. Both actions apply to the same fund and the same manager.
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