M&A - HPS Corporate Capital Solutions Fund

Form Type: DEF 14A

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525026760

Filing Summary: HPS Corporate Capital Solutions Fund is holding a Special Meeting of Shareholders on April 16, 2025, to seek approval for a new investment advisory agreement with HPS Advisors, LLC, the current adviser. This new agreement will replace the existing agreement and is necessitated by the upcoming acquisition of HPS by BlackRock, which is expected to close in mid-2025. The acquisition will result in the automatic termination of the current investment advisory agreement under the Investment Company Act of 1940. Shareholders are encouraged to vote for the proposal, which the Board of Trustees unanimously recommends, to ensure continuity in the advisory services provided by HPS Advisors. The meeting will also include a vote on whether to approve the adjournment of the meeting if additional proxies are required. The document details the impacts of the transaction, the Board's recommendations, and voting procedures for shareholders, emphasizing the importance of their participation in the governance of the Company.

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Form Type: DEFA14A

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525027392

Filing Summary: HPS Corporate Capital Solutions Fund is preparing shareholders for a special meeting scheduled for April 16, 2025, to vote on key proposals related to BlackRock, Inc.'s acquisition of HPS Investment Partners, LLC. The meeting will discuss the New Investment Advisory Agreement with HPS Advisors, LLC, which seeks to replace the current advisory agreement and will take effect after the acquisition closes. The advisory agreement aims to ensure continuity in management and operations while enhancing potential investment opportunities through BlackRock's extensive corporate relationships and resources. Shareholders are urged to vote 'FOR' to approve the New Investment Advisory Agreement and to potentially adjourn the special meeting if necessary. The notice outlines ways shareholders can vote, either by internet, telephone, or mail, and emphasizes the importance of their participation.

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Form Type: 8-K

Filing Date: 2025-01-16

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525007502

Filing Summary: On January 15, 2025, Colbert Cannon and Grishma Parekh announced their resignations from the Board of Trustees of HPS Corporate Capital Solutions Fund. This resignation is contingent upon the completion of a transaction in which BlackRock, Inc. and its affiliates will acquire 100% of the business and assets of HPS Investment Partners, LLC. Post-transaction, Cannon and Parekh are expected to retain their roles at HPS and HPS Advisors, LLC, with Cannon remaining on the Investment Committee. Should the transaction not close, their resignations will be void, allowing them to continue serving as Trustees. Their decisions to resign are not attributed to any disagreements with the Company’s policies or operations.

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Form Type: PRE 14A

Filing Date: 2025-01-15

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525007138

Filing Summary: HPS Corporate Capital Solutions Fund is requesting shareholder approval for a new investment advisory agreement with HPS Advisors, LLC, which will replace the current agreement due to the anticipated acquisition of HPS by BlackRock, Inc. The acquisition is scheduled to close in mid-2025 and entails BlackRock acquiring 100% of HPS's business and assets. The proposed new agreement will maintain the current terms and conditions, including advisory fees, and is required to prevent any disruption in services once the transaction is completed. The document details the unanimous support of the Board of Trustees for this proposal and explains the implications should the shareholders vote against the new agreement, including the need for a temporary investment advisory arrangement. Additionally, shareholders will also vote on whether to adjourn the meeting if more time is needed to gather proxies for the primary proposal.

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