Citi and HPS Launch €15 Billion Private Debt Programme for Europe
Citi and BlackRock’s HPS Investment Partners have teamed up to launch a new private capital programme. The initiative will target €15 billion in debt financing over the next five years. Borrowers across Continental Europe and the UK will be the primary focus, with potential expansion into the Middle East later on. The programme will focus on sub-investment grade debt, covering a wide range of financial instruments. Citi plans to use its existing networks in investment, corporate, and commercial banking to identify suitable opportunities.
The partnership combines Citi’s global banking reach with HPS Investment Partners’ expertise in private credit. Together, they aim to provide flexible financing solutions for businesses that may struggle to access traditional funding sources. Initially, the programme will concentrate on companies based in Continental Europe and the UK. Over time, the scope may widen to include borrowers in the Middle East, broadening the pool of potential deals.
The €15 billion programme marks a significant push into private capital markets by Citi and BlackRock’s HPS. It will offer alternative financing options to underserved borrowers in key regions. The five-year term sets a clear timeline for deployment and growth.
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