HPS Investment Partners

HPS Mezzanine Partners 2019

NET IRR

10.4%

TVPI

1.39x

DPI

0.68x

COMMITMENT

$100M

LP SOURCES

2

VALUATION SPREAD1.30x – 1.39x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$100M$108.2M10.4%1.39x0.68xSOURCE ↗
PA SERS2024-09-30$75M$78.8M12.0%1.30x0.51xSOURCE ↗