NEW YORK, February 9, 2022 /PRNewswire/ — The Guardian Life Insurance Company of America® (Guardian), one of the nation’s largest life insurers and leading employee benefits providers, today announced the acquisition of a minority stake in HPS Investment Partners (HPS). HPS is a leading global investment firm currently managing approximately $80 billion in assets.
The partnership with HPS extends the capabilities of Guardian’s in-house investment platform and provides the opportunity to co-develop bespoke investment strategies tailored to the insurance market. This transaction will significantly strengthen Guardian’s financial profile, further grow and diversify its investment portfolio and position the company for continued long-term growth.
“This partnership marks an important step in the evolution of Guardian and is an example of how we continue to advance our strategy, advance our market position and create value for all of our stakeholders,” said the CEO of Guardian, Andrew McMahon.
As part of the transaction, Guardian and HPS have entered into a strategic partnership that will enable close collaboration and allow the two companies to share best practices and investment insights. Guardian will also provide HPS with a strategically large amount of capital to invest and manage across a range of private credit strategies.
Scott KapnickCEO of HPS Investment Partners, added, “We are delighted to have Guardian as a partner and investor in our business and to expand the depth and breadth of the investment solutions we provide to Guardian and its insured. Guardian’s focus on providing its clients with the best insurance, investment and wealth management products to help them achieve their long-term financial goals aligns well with our long-standing goal of serving insurance customers and their stakeholders. We are also grateful to Dyal Capital Partners for their steadfast partnership and support in welcoming Guardian into the investor group. »
Mr. McMahon continued, “HPS has established itself as the investment solutions provider of choice for the world’s largest and most sophisticated insurers, with an impressive history of private credit innovation and a strong track record. We are convinced that there are many opportunities for collaboration between our companies.”
Lazard and Berkshire Global Advisors served as financial advisors to Guardian on the transaction. JP Morgan Securities LLC and Goldman Sachs & Co. LLC acted as financial advisors to HPS.
About The Guardian Life Insurance Company of America (Guardian®)
Every day, Guardian gives Americans the security they deserve through our insurance and wealth management products and services. Since our founding in 1860, our long-term view has helped our clients prepare for whatever life throws at them, whether it’s raising a family, planning for the future, or caring for employees. Today, we’re a Fortune 250 mutual company and a leading provider of life, disability, dental and other benefits for individuals, in the workplace and through corporate-sponsored programs. the government. The Guardian community of more than 9,000 employees and our network of more than 2,500 financial representatives are committed to serving with expertise when, where and how our customers need us. Our commitments are based on a solid financial base, which at the end of 2020 included $9.5 billion in the capital and $1.7 billion in operating income. For more information, visit guardianlife.com or follow us on Facebook, LinkedIn, Twitterand YouTube.
About HPS Investment Partners
HPS Investment Partners is a leading global investment firm that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage a variety of strategies across the capital structure, including syndicated leveraged loans and high yield bonds, privately traded senior secured debt and mezzanine investments, on private assets and capital. The scale and breadth of our platform provides the flexibility to invest in businesses large and small, with standard or custom solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients, who entrusted us with approximately $80 billion in assets under management in December 2021. For more information , please visit www.hpspartners .com.
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