Guardian to acquire an additional stake in HPS Investment Partners.

Guardian, a life insurer and a provider of employee benefits, agreed to acquire an additional stake in HPS Investment Partners, a global credit investment firm. Financial terms were not disclosed. "Since the inception of our partnership over two years ago, HPS has been an exemplary provider of investment solutions. Today's announcement is a natural evolution of our deep strategic relationship and an exciting development for our policyholders who will further benefit from HPS's differentiated investment capabilities at greater scale and with additional depth across credit asset classes. This reflects Guardian's commitment to continually strive for superior risk adjusted returns so we can deliver on our promises and best support the well-being of our customers, colleagues, and communities," Andrew McMahon, Guardian Chief Executive Officer and President.