[3] In 2007, Scott Kapnick, Scot French and Michael Patterson founded Highbridge Principal Strategies after leaving Goldman Sachs.

Finally, Jes Staley who headed J.P. Morgan Asset Management and was instrumental in Highbridge's acquisition back in 2004 had left the firm in 2013 and was replaced by Mary Callahan Erdoes.

[3] Following the acquisition, the company will operate under a new, combined private credit unit with $220 billion of client assets under management.

[3] HPS operates 14 offices across the United States, Europe, the Middle East and Asia-Pacific and employs over 760 people.

Both LBI Media and HPS denied the allegation and said the plan followed standard market practices and big boy letter was signed.

[21] On February 16, 2021, a Federal court ruled that the lenders are under no obligation to return any of the monies mistakenly received.

[24] In June 2023, Jacob Chetrit sued HPS over 850 Third Avenue claiming the firm filed a fraudulent deed.

Chetrit claimed when he handed over the property to HPS, he signed a deed showing the balance on the loans to be $320 million.

The reduced loan amount allowed HPS to charge Chetrit more for other expenses like an exit fee and interest costs.