Citi (C) and HPS Investment Partners, a part of BlackRock (BLK), announce EUR 15bln private capital programme to expand direct lending in EMEA

Citi and HPS Investment Partners, part of BlackRock, are launching a substantial EUR 15 billion private capital program aimed at expanding their direct lending capabilities in the EMEA region. This initiative suggests a strong appetite for sub-investment grade debt, which could drive competition in the market and potentially indicate a favorable outlook for leveraged finance, impacting investor sentiment and sector dynamics in asset management and capital markets.