leadership
confidence high
sentiment neutral
materiality 0.40
Two trustees resign from HPS Corporate Capital Solutions Fund board contingent on BlackRock acquisition closing
HPS Corporate Capital Solutions Fund
- Colbert Cannon and Grishma Parekh notified Board of resignation effective upon closing of BlackRock's acquisition of HPS Investment Partners.
- Resignations are to comply with Section 15(f) safe harbor of the Investment Company Act.
- If transaction does not close, they will not resign; no disagreement with Company.
- Both expected to continue in existing roles at HPS and Adviser; Cannon to remain on Investment Committee.
- BlackRock is acquiring 100% of HPS business and assets.