On August 13, 2024, Guardian Life Insurance Company of America and HPS Investment Partners announced that they will expand on their strategic partnership.
Guardian Life Insurance Company of America (“Guardian”) announced on August 13, 2024, that it will expand its strategic partnership with HPS Investment Partners (“HPS”). Through the enhanced partnership, Guardian will increase its passive minority equity stake in HPS and shift the investment management of approximately $30 billion in assets to HPS, which include public high yield, investment grade private credit, and real estate debt and equity.
Guardian, based in New York, is a life insurer providing life, disability, dental, and other benefits. As of December 2023, Guardian had $94.6 billion in assets under management. Berkshire Global Advisors is serving as exclusive financial advisor to Guardian on the transaction.
HPS, based in New York, is a global credit-focused alternative investment firm. As of May 2024, HPS had $116 billion in assets under management. Ardea Partners is serving as lead financial advisor to HPS.
To read the press release: please click here.