HPS is a global credit investment manager with approximately $148bn in client assets; BlackRock expects the private debt market to more than double to $4.5tn by 2030.
The transaction is one of the largest HKD-denominated issuances to date; however, the SAR's property market is tough, with giant New World Development set to announce its first loss in 20 years.
Stella Lau joins the Singapore wealth firm, while Charlene Lin has been promoted, as assets under management grow quickly, including in India, the Middle East and Singapore.