Citi and HPS Launch €15B Private Capital Program for EMEA Lending

Key Facts

According to reports, Citigroup Inc. and HPS Investment Partners have announced a strategic private capital program valued at €15 billion. The collaboration is designed to finance debt opportunities across the Europe, Middle East, and Africa (EMEA) region through direct lending solutions. The program is established for an initial five-year term and aims to expand private capital access for corporate and sponsor-owned borrowers.

This move comes as the private credit market continues to expand rapidly, with major banks seeking to reclaim market share from non-bank lenders. In comparison to peers, JPMorgan Chase has recently launched similar initiatives to bolster its private credit presence, while Goldman Sachs has reportedly raised billions for specialized lending funds per market data. This partnership leverages Citi's extensive global banking network alongside HPS's investment platform, a subsidiary of BlackRock, to address complex financing needs in the region.

Operationally, investors will watch how this program impacts Citigroup's investment banking revenue in the coming quarters. Regarding economic catalysts, markets are awaiting the release of Economic Sentiment data for the Eurozone and Germany on May 12, 2026, which may signal the health of the regional lending environment.