Deals
Neuberger’s Dyal Is Near Deal to Buy HPS Stake
- JPMorgan spin-out credit manager now manages $45 billion
- Possible Dyal deal would follow Clearlake, Vector transactions
Photographer: Michael Nagle/Bloomberg
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HPS Investment Partners, the credit manager spun out of JPMorgan Chase & Co., is in talks to sell a minority stake to Neuberger Berman Group’s Dyal Capital Partners, according to people familiar with the matter.
The negotiations are in an advanced stage, said the people, who asked to not be identified because the matter isn’t public. An agreement hasn’t been completed and the talks are continuing, they said.