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The Venture Codex

Overview

Global investment firm focused on non-investment grade credit.

Founded

2007

Deals · 12mo

2

Stage focus

—

Geographic focus

United Kingdom
United States

Sector focus

Finance
Financial Services

Investment portfolio

8rounds
NAMEDATESIZE
Waymo
Oct 2026Participated
$5.0 BDebt
Behavox
Jun 2026Led
$175 MOther Equity
Equinox Fitness
Mar 2024Participated
$1.8 BOther Equity
Yesway
Jan 2023Led
$190 MOther Equity
SimpliSafe
May 2022Participated
$200 MOther Equity
Saviynt
Sep 2021Led
$130 MOther Equity
Spruce Finance
May 2019Led
$50 MOther Equity
Spruce Finance
Jun 2017Led
$25 MOther Equity
Waymo
Oct 2026Participated
$5.0 BDebt
Behavox
Jun 2026Led
$175 MOther Equity
Equinox Fitness
Mar 2024Participated
$1.8 BOther Equity
Yesway
Jan 2023Led
$190 MOther Equity
SimpliSafe
May 2022Participated
$200 MOther Equity
Saviynt
Sep 2021Led
$130 MOther Equity
Spruce Finance
May 2019Led
$50 MOther Equity
Spruce Finance
Jun 2017Led
$25 MOther Equity
8
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Insights

Time horizon

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Deal Distribution

HPS Investment Partners: 8 funding rounds are recorded in the selected participation categories.All available history.
HPS Investment Partners: 8 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Other Equity52
Debt01

Monthly Deal Activity

HPS Investment Partners: 8 deals are recorded across 113 months.All available history.
HPS Investment Partners: 8 deals are recorded across 113 months. All available history
MonthDeals
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '261

Sector Breakdown

HPS Investment Partners: AI & Machine Learning is the largest displayed sector by deal count (3 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

HPS Investment Partners: AI & Machine Learning is the largest displayed sector by deal count (3 deals). All available history
SectorDeals
AI & Machine Learning3
Enterprise Software2
Cybersecurity & Privacy2
Clean Energy & Sustainability2
Networks, Cloud & Communication2
Hardware & Robotics2
Fintech2
E-Commerce & Retail1
Real Estate & Construction1
Data, Analytics & IT1
Transportation & Logistics1
Consumer & Lifestyle1
Manufacturing1
Health & Life Sciences1

Deal Size Distribution

HPS Investment Partners: 8 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

HPS Investment Partners: 8 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M1
$50M-$100M1
$100M-$250M4
$250M-$500M0
$500M-$1B0
$1B+2

Deals By Geography

HPS Investment Partners: United States has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

HPS Investment Partners: United States has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
United States7
Europe1
HPS Investment Partners: 19 co-investors are shown, with Owl Rock sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

HPS Investment Partners: Led accounts for 63% and participating for 38% of round participation.All available history.
HPS Investment Partners: Led accounts for 63% and participating for 38% of round participation. All available history
CategoryDeals (count)Share (%)
Led563%
Participating338%
HPS Investment Partners: Single-lead accounts for 80% and co-led for 20% of lead dynamics.All available history.
HPS Investment Partners: Single-lead accounts for 80% and co-led for 20% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead480%
Co-led120%

Team

Carlotta De Franceschi

Managing Director

Dominik Wielinski

Commercial Proxy (Poland) at EAVF

Grishma Parekh

Managing Director, Co-Head Core Senior Lending North America

Payne Brown

Managing Director

Peter Calabro

Managing Director

Rachel Zagajewski

Executive Director

Vikas Keswani

Managing Director, Head of Specialty Direct Lending North America

William F. Stephenson

Chief Executive Officer