05.18.2026

Citi, BlackRock’s HPS Add €15bn Direct Lending in EMEA

05.18.2026
Trading Europe From ‘Across the Pond’

Collaboration to enhance offering to clients across the EMEA region

Citigroup Inc. and HPS Investment Partners, a part of BlackRock, announced a €15 billion Private Capital Program, a strategic collaboration to expand comprehensive capital solutions and access to private financing for corporate and sponsor-owned borrowers in the region.

The Program intends to finance €15 billion of debt opportunities in EMEA over an initial five-year term.

Under the terms of the initiative, Citi will leverage its extensive Investment, Corporate, and Commercial Bank led origination capabilities to source investment opportunities for the Program, which is designed to serve borrowers with principal business based in Continental Europe, the UK, and eventually the Middle East. Eligible opportunities will comprise a broad range of sub-investment grade debt instruments.

“To meet the increasing demand from our corporate and sponsor clients for tailored private credit solutions, we are excited to announce this collaboration with HPS, a part of BlackRock,” said John McAuley, Co-Head of Debt Capital Markets, Citi. “This Program is designed to directly support our clients’ strategic objectives across the EMEA region by combining Citi’s deep client relationships and origination strength with their significant capital and structuring expertise. Together, we are creating a best-in-class offering to help our clients achieve their goals.”

Matthieu Boulanger, Partner and Head of Europe at HPS, a part of BlackRock, added, “We are pleased to collaborate with Citi to bring expanded direct lending solutions to the EMEA market. This collaboration will enable us to leverage Citi’s extensive network and origination pipeline in EMEA, further strengthening our ability to deliver tailored financing options to a broad range of borrowers.”

The collaboration demonstrates both institutions’ proactive approach to meeting evolving client needs in the private credit market, leveraging strong relationships to drive growth and provide critical financing solutions.

Source: Citi

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