JPMorgan-Owned Highbridge Closes $3B Specialty Loan Fund

Law360, New York (June 20, 2013, 2:46 PM EDT) -- A subsidiary of Highbridge Capital Management, part of JPMorgan Asset Management, has closed a specialty loan fund with more than $3 billion in committed capital to invest in secured debt, the subsidiary announced Wednesday.

Highbridge Principal Strategies said the HPS Specialty Loan Fund III will invest in newly issued debt in refinancings, acquisitions and restructurings by middle-market companies. 

The global credit and private investment firm is owned by Highbridge, itself a subsidiary of JPMorgan Asset Management. HPS touted the experience and global reach of its direct...
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