Seth Cohen — Managing Director at HPS Investment Partners
Asset-based finance is one corner of private credit that gets less airtime than direct lending, and the episode has a manager explaining the strategy in plain terms and discussing how sourcing changes when a platform gets larger. Useful context for allocators comparing credit exposures or sitting in manager meetings on the topic.
Summary
By the private credit deskAn episode of The HPScast in which host Colbert Cannon interviews Seth Cohen, a leader of HPS Investment Partners' asset-based finance business. Cohen describes his route from criminal investigator at the D.C. Public Defender and the Legal Aid Society into specialty finance at MagnaCare and Franklin Credit, then to the investing side at Silver Point and 15 years building CarVal's asset-based finance business. The conversation covers what asset-based finance means, how the BlackRock combination affects sourcing, and where Cohen sees new opportunities as the platform scales.
- Cohen leads HPS's asset-based finance business and previously built CarVal's asset-based finance business over 15 years.
- His career began as a criminal investigator with the D.C. Public Defender and the Legal Aid Society before moving into specialty finance at MagnaCare and Franklin Credit.
- The episode discusses what asset-based finance means and how the BlackRock combination impacts sourcing.
- Cohen describes where he sees new opportunities as the platform scales.
Similar items
Same topic
Get the weekly 3 to watch
Free, in the Morning BriefEvery week the Morning Brief picks three videos and podcasts worth your time, with why each one matters.
Free. Every morning. Unsubscribe from any edition in one click.
Videos and podcasts are embedded from their publishers. Selections and summaries are editorial and are not investment advice.