HSP Clients

NY-based AEA Enterprise invests in mainly founder-led businesses across value-added industrial products, specialty chemicals, consumer / retail, and services. They closed on their fifth fund at $1.3Bn in late 2023, exceeding the fund’s target of $1.0Bn. AEA SBPE also closed a $384MM continuation fund (AEA SBP CF LP) in 2023, bringing aggregate recent fundraising across the SBPE platform to $1.7Bn+. They target investments ranging from $50-250MM in equity, and they have had 200%+ average portfolio company revenue growth. 75% of their portfolio company executives later become investors in AEA SBPE. In addition to their investment professionals, they view their Operating Partners and Executives as a network of more than 75 Participants, which act as an extension of its sector knowledge base.  AEA’s 57-year history (founded by the Mellon, Rockefeller, and Harriman families in partnership with SG Warburg & Co), combined with its Participant network, provides the SBPE team with resources typically reserved for multi-billion-dollar funds which has been a huge competitive advantage. They have a culture that is collaborative, driven, and respectful and are looking for strong performing candidates to grow in the organization, though the initial program is two years.

Ares Direct Lending is widely recognized as a market leader in direct lending and one of the largest and reputable platforms in the private credit investing space. In July 2024, the team closed on Fund III with $15.3Bn in equity commitments, nearly double the size of their prior Fund II; this is currently the largest private credit fund in the market. The team provides direct lending to middle-market companies across a broad array of industries, including business services, consumer, distribution, education, F&B, HC, info tech services, and sports / media / entertainment, and invests up and down the capital structure across junior and senior debt. Their portfolio primarily comprises control positions and the PE-esque diligence process is extensive, providing Associates with deep exposure to all aspects of the diligence and investment process. They are typically the lead investor in deals, and the platform is one of the largest and most active lenders in the space, resulting in a significant volume of transactions. As such, Associates experience tremendous deal velocity and can take on a high level of responsibility with very lean deal teams. The team has offices in both NY and Chicago.

Audax Private Equity was founded in 1999 and has built its reputation on a differentiated buy-and-build strategy across the North American middle and lower-middle markets. The firm closed its flagship Fund VII at its $5.25Bn hard cap alongside its debut Origins Fund I, Audax’s lower middle market generalist strategy, at $774MM, providing $7.8Bn of combined equity to deploy across Business Services, Consumer, Financial Services, Healthcare, Industrial Services & Technologies, and Software & Technology. Audax runs as a generalist platform, giving investment professionals exposure across sectors before narrowing focus over time. The firm is headquartered in Boston with a growing presence in San Francisco.

Butterfly Equity is the largest food-focused private equity firm in North America. Based in Los Angeles and New York, Butterfly invests across the complete “seed-to-fork” value chain: ingredients, manufacturing, packaging, distribution, services/industrials, and consumer. The strategy has evolved from a narrower consumer/growth focus into a broader, control-oriented buyout approach; the current portfolio mix is roughly half consumer and half B2B/industrial/services. In terms of AUM, Butterfly is one of the fastest growing funds doing consumer deals and currently has over $7Bn under management. The team has an abundance of institutional knowledge and has come from firms like KKR, Vista, TPG, Apollo, and Leonard Green, which often makes Butterfly the investor of choice for companies in the food sector. The firm is investing out of its second fund (Fund II, $1Bn, 2022 vintage, double the size of Fund I’s $520MM) and is now actively fundraising Fund III plus a continuation vehicle. Due to special purpose vehicles, the team also has flexibility to do much larger deals, and the typical equity check is $100MM-$1Bn+ (with co-invest). Their portfolio includes household names like Pete and Gerry’s, Bolthouse Farms, and Duckhorn, along with newer B2B/industrial proof points like EPAC (their first packaging deal), Rise Baking, and Actus Nutrition, and their Qdoba deal was recognized as deal of the year. Strong performing Associates will be on a career track with the opportunity for continued growth and advancement within the firm.

Founded in 1987, Carlyle is one of the world’s largest and most successful alternative asset management firms with $474Bn AUM.  Their Global Private Equity team has a flexible mandate and the ability to invest across the spectrum from growth to late-stage buyout deals.  The firm is investing out of Carlyle Partners IX, a ~$15Bn vehicle, and the team sits in three offices (NY, DC, Menlo Park) and is organized across five sector verticals. Candidates can be considered for multiple teams.

Aerospace, Defense and Government Services (ADS) – The ADS team at Carlyle is one of the most differentiated and coveted groups on Wall Street.  The ADS team sits at the firm’s headquarters in DC, which provides direct access to the firm’s senior leadership.  Carlyle ADS has a leading track record and has put more capital to work in their sectors than any other firm – in total, the team has deployed over $12Bn of capital across ~45 platforms and well over 100 deals (including add-ons).  Often misunderstood as focusing solely on traditional A&D, Carlyle’s ADS investments are heavily weighted towards cutting-edge Technology business (services, software, and products), such as ManTech, CNSI / Kepro.  With an extensive legacy dating back to the founding of Carlyle, the team has been actively investing in the Aerospace, Defense and Government Services sectors for over 30 years.  Given the competitive advantage they’ve developed from their history and network, much of their deal flow is proprietary or in limited auctions.  The sectors they cover are experiencing what are expected to be multi-year tailwinds, in light of the global aerospace recovery, growth in cybersecurity and other critical national security needs, as well as a global increase in defense spending.  The team recently launched Carlyle Defense and Reindustrialization Partners (CDRP), a new $3-4Bn sidecar fund dedicated to middle-market defense, dual-use aerospace, and reindustrialization opportunities across the U.S. and Europe, giving Associates exposure to both large-cap and middle-market deals within the same seat. They currently have ~9 active portfolio companies and a lean team of ~14 investment professionals. The team has completed a number of high-profile investments, including Acentra, Booz Allen Hamilton, StandardAero, Howmet and Titan.  Other recent transactions of note include the $4.2Bn take private of Mantech in 2022, the combination of CNSI / Kepro in 2022, the acquisition of Two Six Technologies (a high growth, tech-focused provider to the Intelligence Community, DoD & others) in 2021, and the recent exit of Novetta.  For those who have an interest in attending business school, the Carlyle ADS team has a 100% hit rate of prior Associates being admitted to one or more of HBS, GSB, and Wharton.

Financial Services – Carlyle is one of a handful of large private equity firms with a dedicated financial services team, focused exclusively on the financial services sector. Financial services operates as a core sector within Carlyle’s flagship fund family, currently investing out of Carlyle Partners VIII.  The Financial Services team has a global presence (portfolio spans the US and the UK, in particular), though the team is based in NYC. This team has an established history of investing in the space, having completed over 30 transactions and deployed over $6Bn of capital to-date. They have a flexible mandate, with check sizes ranging from $300M-$1.5Bn+ (can be larger inc. co-invest), and the ability to work on both minority and majority deals. Associates will have the opportunity to invest across the various verticals within Financial Services (including business services, asset and wealth management, insurance, depositories, specialty finance, financial technology, etc.). The team is also very lean, with 7 investment professionals above the Associate level, allowing Associates to take on outsized responsibility. Some recent notable deals include Captrust (wealth management), CFGI (accounting services), Hilb (insurance brokerage), NSM (insurance underwriting + brokerage), Vantage (insurance carrier), etc.

Healthcare – The Healthcare team invests across all verticals of Healthcare, including outsourced services & solutions, innovative & low-cost providers, HCIT & tech-enabled services, medical technology & products, life science tools and diagnostics, and pharma products. The team employs a flexible strategy, and they have deployed ~$23Bn in upwards of 100 transactions across a range of deal sizes and transaction types (both majority and minority).  The healthcare market is large and growing, and Carlyle’s deep expertise in the industry has positioned it well to navigate this complicated market and identify the best opportunities.  Carlyle seeks investments that are “part of the solution,” targeting companies that reduce healthcare costs and drive efficiencies in its delivery.  With over 45 active portfolio companies, some of the team’s notable deals include PPD (take-private and recapitalization), One Medical (growth minority), TriNetX (growth buyout), Unchained Labs, and Medline (large-cap buyout and recent IPO filing), among others. Associates will benefit from significant dry powder, and coupled with a lean Healthcare team, they will receive a high level of responsibility and get exposure to new platform deals as well as portfolio company management and M&A.

Industrial – The Industrial team is a long-tenured, global team which sits at the firm’s headquarters in DC, providing direct access to the firm’s senior leadership.  The team invests across business cycles and end markets, including Automation, Automotive, Building Products, Capital Goods, Chemicals, Commercial Vehicles, Packaging, Services, and Transportation & Logistics.  With a flexible mandate, investments range from minority to majority deals and across various growth stages.  The group has had a particularly successful history with corporate carve-out transactions from larger corporations, which are responsible for nearly two-thirds of equity invested.  Carlyle excels in driving performance through multiple levers of value creation, including international expansion, new product development, M&A, and strategic positioning strategies. The Industrial team has deployed over $35Bn in capital, completed over 120 transactions to date. The Industrial team has completed some of the firm’s largest and most successful investments, and recent deals include Duravant, Asplundh, the carve-out of AkzoNobel’s Specialty Chemicals business, and carve-out of Atotech from Total. The Industrial team at Carlyle has experienced consistently robust deal flow and benefited from strong continuity among team members throughout the ranks.

Technology – Technology is the largest segment of investments for Carlyle, and the Technology team has collectively invested $40Bn+ since inception in more than 300 deals, which is more than any other sector at Carlyle.  The portfolio includes investments across Software & Data, Tech-Enabled Services and Hardware.  The team has a flexible investment mandate, with transactions spanning from growth equity to late-stage buyouts.  They partner with strong partners and management teams at companies across various growth stages, from incumbent market leaders to disruptive businesses that are earlier in their trajectory.  Deals include levered / unlevered structures, minority / majority ownership, buy & build strategies, take privates / PIPEs, IPOs, and strategic sales.  With 63 active portfolio companies, the team has closed a number of notable deals such as NEOGOV, Exiger, YipitData, Abrigo, Tribute Technology, Jagex, and ZoomInfo.  The team is based in the firm’s headquarters in DC and in Menlo Park.

Carlyle’s Global Credit platform is a global, multi-product, markets focused investment platform that manages over $211Bn in assets. The Carlyle Credit Opportunities strategy is currently investing out of its third flagship vintage investment vehicle and has a highly flexible mandate. The CCOF team focuses on a broad hybrid capital strategy across the credit and equity spectrum, investing primarily in highly-structured and privately-negotiated capital solutions supporting corporate borrowers through secured loans, senior subordinated debt, mezzanine debt, convertible notes, and other debt-like instruments, as well as preferred and common equity in such borrowers. CCOF takes advantage of market dislocations that arise as a result of temporary market volatility, investing in primary and secondary markets using liquid debt instruments. Investment professionals operate as sector generalists but have the opportunity to develop deep industry expertise through private equity style diligence. The team is investing out of a $7.1Bn Fund III (nearly 30% larger than its prior fund) raised in December 2024, and the team is now in market fundraising for Fund IV. They have considerable dry powder, and Associates will have the opportunity to work on lean deal teams and a diverse array of transactions, with no two deals looking the same. The team in the US is lean with fewer than 20 investment professionals. Due to the size of the deal teams and opportunity set, Associates on the CCOF team are trusted with a high degree of responsibility and autonomy and are expected to lead key work streams for every investment.

Clarion Capital Partners is a NY-based middle market private equity firm founded in 1999. The firm’s target investment size is $15 to $75MM of equity into businesses with enterprise values of $75 to $200MM. Clarion focuses on services companies in the Business, Healthcare and Industrial Services; Media, Entertainment, Technology; Specialty Financial; and Consumer sectors.  Clarion’s generalist strategy utilizes a wide variety of investment structures and typically invests in entrepreneur and family-owned businesses or corporate carve-outs. In March 2024, Clarion closed its fourth fund, which was oversubscribed at $677MM.

Clearlake is a renowned, growing private equity firm that invests in the Software & Technology Services, Industrials and Consumer sectors. Based in LA, the firm has a unique, all-weather strategy that enables it to invest across the capital structure, lending itself to an active deal pipeline. Since Clearlake’s inception in 2006, the firm has made ~500 investments, spanning across control PE, transformative M&A, corporate carve-outs, special situations, structured equity, and credit / distressed. In June 2026, the firm closed its eighth flagship fund (Fund VIII) at $14.8Bn, up from Fund VII’s $14.1Bn (2022), continuing their trend of successively larger fund sizes driven by strong, consistent performance. The firm has since expanded globally, with offices across the U.S., Europe, the Middle East, and Asia, and has reached over $185Bn in AUM. At Clearlake, Associates are exposed to a breadth of experience in terms of transaction structure and are given great amounts of responsibility due to lean deal teams and high exposure to senior members and founders of the firm. Additionally, Associates are given the opportunity to participate in externships with their portfolio companies in order to foster strong relationships and work closely with management teams.

Falfurrias is an operationally focused lower-middle-market buyout firm investing across business services, software, and light manufacturing. Founded in 2006, they manage approximately $4.0 billion of commitments across seven core funds, complemented by a single-asset continuation vehicle. The firm’s operationally focused and thematic investing approach is differentiated through “Industry First” campaigns, where the team builds a sector thesis and partners with a network of Industry First Executives to identify and win proprietary deals. The firm is based in Charlotte and offers a career-track promotion for strong performers after three years as an Associate.

Founded in 2012, I Squared is a leading global infrastructure investor with approximately $60Bn in AUM, over 100 portfolio companies, and investments across 115+ countries. The firm is known for its platform development approach, starting small and scaling investments by combining global insights with deep local intelligence. Their six core sectors span energy infrastructure, utilities, transport and logistics, digital infrastructure, social infrastructure, and environmental infrastructure. Beyond the flagship fund, I Squared has built out four additional strategies: Growth Markets, Energy Transition, Infrastructure Credit, and InfraTech. The firm is based in Miami and offers career-track promotion for strong performers.

Kinderhook Industries, founded in 2003 and based in New York City, has raised more than $11 billion of committed capital and completed over 500 investments and follow-on acquisitions across healthcare services, environmental services, business services, and light manufacturing. The firm is currently investing out of its $2.75 billion Fund VIII, up from $1.85 billion Fund VII, and in April 2026 closed its first Strategic Opportunities Fund at its $1.1 billion hard cap. Kinderhook focuses on growth-oriented opportunities, typically with initial platform enterprise values up to $500 million, and frequently employs a buy-and-build strategy. The firm takes a hands-on, operational approach and partners closely with management teams through its proprietary network of operating partners. The investment team is lean (~20 investment professionals), giving Associates significant responsibility across the full deal process. The culture is collegial, meritocratic, and down to earth, with a strong track record of internal promotion.

Founded in 2006, Linden is one of the largest Healthcare exclusive private equity funds.  Based in Chicago, the firm focuses on making control-oriented investments in middle market companies across the Healthcare spectrum, including services, products and distribution.  They are currently investing out of Fund V, which raised $5.4Bn in April 2025 (up from ~$3Bn for the prior fund).  Some recent exits include Spear Education and Specialty Networks, and select investments include Alcresta Therapeutics and LifeStyles Healthcare.  Linden is a young, growing, and dynamic organization with a lean team of 20-25 investment professionals.  Associates gain a robust experience with strong deal flow and a high level of responsibility.  Linden’s positive culture is collaborative and places an emphasis on mentorship and career development.  Linden Associates have attractive exit opportunities (top business schools, Linden portfolio companies, other PE funds, potential to continue as Senior Associates with higher degrees of autonomy).

Founded in 2016 by Rob Heyvaert, Motive is a next-generation investment firm focused on buyout and growth investments in software and technology-enabled services companies that power the financial services industry. Motive Partners applies an integrated approach to address the market opportunity – investing, operating, and innovating as a single discipline. Motive Partners is currently raising its third fund, targeting $3.25 Bn, up from its $2.54 Bn Fund II, and significantly larger than the firm’s inaugural $427 Million fund. Motive often pursues larger deals and has the ability to write outsized checks given their historical success in raising deal-based co-investment, resulting in current AUM of ~$6.0 billion. To support this scale, Motive has an in-house technology innovation arm with ~100 professionals focused on portfolio value creation. The investment team is lean, with just 17 investment professionals, and Associates are given a large level of responsibility. In addition to the impressive investment team, the firm has access to a deep bench of industry partners and advisors who are well-known and respected experts in the financial technology and services industry. The firm is headquartered in downtown Manhattan.

Patient Square Capital (“Patient Square” or “Firm”) is a dedicated health care investment firm with approximately $17 billion in assets under management.  The Firm aims to achieve strong investment returns by partnering with growth-oriented companies and top-tier management teams whose products, services, and technologies improve health.  Patient Square utilizes deep industry expertise, a broad network of relationships, and a partnership approach to make investments in companies that will grow and thrive.  Patient Square invests in businesses that strive to improve patient lives, strengthen communities, and create a healthier world.

SDC Capital Partners is a global digital infrastructure investment firm founded in 2017 by Todd Aaron, who spent the prior sixteen years building and running data centers. SDC now manages ~$13.1 billion in institutional capital, raised across four flagship funds that grew from a $400MM debut in 2018 to a $2.1Bn close in 2024. The firm invests across data centers, network and fiber, wireless infrastructure, and cloud and IT services. SDC is headquartered in New York, and has an office in Charleston, SC. They have lean deal teams and give Associates meaningful responsibility and direct exposure to portfolio companies.

Silver Point Capital is a private investment firm focused on investing in global credit and special situations / distressed investments. The firm was founded in 2002 by Edward A. Mulé and Robert J. O’Shea, both previously Partners at Goldman Sachs, where they co-headed Goldman’s Special Situations Investing Business. Silver Point has approximately 90 investment professionals across two distinct investment teams, one focusing on Private Credit investments and the other focusing on Public Credit investments. Silver Point’s Private Credit team has experienced tremendous growth over the last two years and is looking to add investment professionals to the team for a near-term start. The team manages about $30Bn of capital, up significantly in recent years as part of the firm’s overall ~$50Bn in invested and committed capital. This team invests in distressed situations with a concentration in process-oriented investments. Associates on the team will have the ability to work on complex, deep fundamental analysis, coupled with actively driving processes in distressed and special situations investments. This new hire will have the ability to work on multiple transactions in any given year on lean deal teams of 2-3 people, covering multiple sectors on a global scale in this career track role and have the flexibility to be based in Greenwich, CT, Chicago, or SF.

Silver Point Capital is focused on investing in global credit and special situations / distressed investments. The firm was founded in 2002 by Edward A. Mulé and Robert J. O’Shea, both previously Partners at Goldman Sachs, where they co-headed Goldman’s Special Situations Investing Business. Silver Point has approximately 90 investment professionals across two distinct investment teams, one focusing on Private Credit investments and the other focusing on Public Credit investments. The Public Credit team was launched in 2002 with the inception of the firm and currently manages about $13Bn. They invest throughout credit cycles, actively hedge its portfolio, and focus on investments where the team can take an active role in driving events or outcomes. Silver Point invests in distressed situations with a concentration in process-oriented investments. Associates are given a great amount of responsibility, working on complex structured deals across various sectors and geographies. Associates on the team will have the ability to work on complex, deep fundamental analysis, coupled with actively driving processes in distressed and special situations investments. The team is greatly focused on internal growth and mentorship in this career track role based in Greenwich, CT.

TPG Growth
Founded in 2007, TPG Growth is one of the most established growth and middle-market focused platforms in private equity, launched to serve earlier-stage companies through a mandate spanning traditional minority growth investing, growth buyouts, and specialty capital. The platform now manages approximately $20Bn in AUM. TPG Growth’s team is verticalized across sectors: Business Services, Healthcare, Consumer / IDMC (Internet, Digital Media & Communications), and SET (Software & Enterprise Tech). Notable past and current portfolio companies include Tanium, Zscaler, MX, Spotify, Uber, Airbnb, Fender, Crunch Fitness, and e.l.f. Cosmetics. The firm is headquartered in San Francisco with an additional office in New York.

TPG RISE (https://www.tpg.com/platforms/impact/the-rise-funds)
The TPG Rise Funds (TRF) were founded in 2016 and offer deep expertise in business solutions that address societal challenges globally while delivering strong financial returns, with a focus spanning Education, Financial Inclusion, Health and Wellbeing, Impact Technology, and Climate & Decarbonization. The platform has partnered with nearly 100 growth-stage, mission-driven companies since inception. The team is based in San Francisco with a presence in New York.

TPG RISE Climate (https://therisefund.com/tpgriseclimate)
Launched in early 2021, TPG Rise Climate pursues investments that can enable carbon aversion in a quantifiable way, taking a broad sector approach spanning growth equity to value-add infrastructure. The strategy is organized around a “3 D’s” thesis (decarbonization, deglobalization, digitization) and executed across four sectors: Power, Transport, Industrials, and Services. TRC I closed at $7.3Bn in April 2022, and TRC II hit its $10Bn hard cap in September 2026, making it one of the largest climate-focused private equity vehicles in the market. TPG also runs a Transition Infrastructure strategy, currently raising its inaugural fund. Associates have the opportunity to invest across both pools of capital and strategies as climate generalists. The team is based in San Francisco with a presence in New York.

Warburg Pincus, founded in 1966, is one of the oldest private equity firms globally and a leading growth investor, deploying capital across growth equity, middle-market buyout, and late-stage strategies. The firm closed its latest global flagship vehicle, Warburg Pincus Global Growth XIV, at $17.3Bn in October 2023, the largest fundraise in its history, and has since raised dedicated follow-on vehicles for Financial Services and Capital Solutions. Warburg Pincus completes more than 50 deals a year across Healthcare, Financial Services, Industrials (including its now-merged Energy Transition team), Technology, and Capital Solutions. The firm is headquartered in New York with a West Coast office in San Francisco.