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Endowus expands its private credit offering with HPS Investment Partners now offered on its alternatives platform for Endowus Private Wealth clients

17
Dec 2024

The tie-up with leading private credit firm HPS Investment Partners provides Endowus clients in Hong Kong and Singapore early access to HPS’ evergreen solution.

HONG KONG, SINGAPORE, 17 DECEMBER 2024 – Endowus has partnered with HPS Investment Partners (“HPS”), one of the world’s largest private credit firms, to provide access to HPS’ evergreen private credit solution. 

HPS is a global leader in the alternative credit space, with the ability to provide various financing solutions across the capital structure. These capabilities enable HPS to offer different strategies across the private and public credit spectrum, ranging from senior secured direct lending to junior capital financing such as mezzanine and subordinated debt. The partnership with Endowus represents one of HPS’ first collaborations in the region as HPS grows its presence in Asia. 

This collaboration further broadens the list of renowned private asset class experts for Endowus Private Wealth clients in Hong Kong and Singapore. This rapidly growing segment of Professional and Accredited investors includes high-net-worth individuals, family offices and institutions. With the addition of HPS, clients of Endowus can now directly invest in a wide spectrum of solutions by best-in-class global GPs such as Ares, Carlyle, EQT, HarbourVest, KKR, Oaktree, Partners Group, PIMCO and UBS Asset Management, across private credit, private equity and private real estate — via Endowus’ private markets and alternatives platform, which is the fastest growing portion of Endowus Private Wealth.   

‍Samuel Rhee, Chairman and Chief Investment Officer of Endowus said, “We are excited to be partnering with HPS, one of the most experienced leaders in the private credit space, to bring high quality private credit evergreen solutions that broaden the investment opportunities and diversification benefits for our clients. We are seeing strong demand for private credit and it will remain an important asset class for our clients. The Endowus Investment Office will continue to selectively curate the best-in-class solutions with valued partners such as HPS for our clients in the private market and alternatives space.”

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About Endowus

Endowus is Asia’s leading independent digital wealth platform. With entities licensed by the Securities & Futures Commission of Hong Kong and Monetary Authority of Singapore, Endowus is the first digital advisor in the region to span personal savings, private wealth and public pension (CPF & SRS in Singapore), helping investors – individuals, family offices, endowments, and institutions – grow their wealth holistically, with conflict-free advice and access to institutional financial solutions at low and fair fees, through a personalised digital wealth experience. 

Founded in 2017, Endowus has raised a total of US$95 million in funding from investors including UBS, Citi Ventures, MUFG Innovation Partners, EDBI, Lightspeed Venture Partners, Prosus Ventures, Samsung Ventures, SBVA, Singtel Innov8, and Z Venture Capital, some of the largest family offices in Asia, as well as the founders and employees of Endowus. 

Endowus continues to push the boundaries on innovation and democratising access, as it partners with 80+ global fund managers across public markets, private markets, hedge funds and alternatives to provide world-class solutions to its clients at a fair and transparent cost, delivered through Endowus’ fee-only business model. Endowus Private Wealth clients have access to a comprehensive range of expertly curated strategies in private markets and alternatives from firms such as  Ares, AQR, Brevan Howard,  Bridgewater, Brookfield Oaktree, Carlyle, EQT, HarbourVest Partner, Hudson Bay, KKR, LMR, Millennium, Partners Group, Point72, Schonfeld, and more.

Endowus’ leadership and growth have been recognised by the industry and it has attained numerous awards including recognition on the inaugural Fortune Fintech Innovators  Asia 2024 list, as one of the leading WealthTech providers amongst 60 brands across the region transforming finance. Other accolades include  Singapore’s Best Digital Wealth Management (Asia Asset Management’s Best of the Best Awards 2024), Singapore’s Best Digital Upgrade for enhancements made on the Endowus app (The Asset Triple A Digital Awards 2024), Singapore’s Best Digital Wealth Management Experience (The Asset Triple A Digital Awards 2023), and Best WealthTech Solution 2023 (Asian Private Banker 9th Technology Awards). Endowus is also among the firms named in the World Economic Forum’s Technology Pioneers 2023, LinkedIn Top Start-ups 2024 and Forbes’ “100 to Watch” list for 2022. 

The Endowus Group comprises Endowus' licensed companies in Hong Kong and Singapore, as well as Hong Kong-based multi-family office Carret Private. Endowus Group serves over a hundred thousand clients with content, advice and access. With group assets of over US$7 billion, it is one of the largest independent wealth managers in Asia. From a combination of providing 100% trailer fee rebates as direct cashback to clients, and fund fee savings from access to institutional share classes and exclusive funds, Endowus is estimated to help its clients save more than US$50 million in fees per year. ‍

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About HPS Partners
HPS Investment Partners, LLC is a leading global, credit-focused alternative investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who have entrusted us with approximately $148 billion of assets under management as of September 2024.

For media queries, please contact:

Lincoln Mah

Head of Brand Communications 

E: lincoln.mah@endowus.com

M: +65 9834 5877

Disclaimers:

Endowus Alternatives, Endowus Private Wealth and the Wealth Implementation Plan are intended for accredited investors in Singapore /Professional Investors in Hong Kong only.   

The information herein pertaining to Endowus Singapore Pte. Ltd./ Endowus HK Limited (collectively known as “Endowus”) and the Endowus investment platform is for general information only and does not constitute a recommendation, an offer to sell, or a solicitation to invest in any securities, options, or other derivatives in any jurisdiction and its content is not prescribed by securities laws.  This information herein is not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject Endowus or the relevant asset manager to any registration or licensing requirement in such jurisdiction or country. 

Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund. 

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For Singapore residents, please reach out to Endowus Singapore Pte Ltd. at privatewealth@endowus.com. For Hong Kong residents, please reach out to Endowus HK Limited at privatewealth.hk@endowus.com