HPS, Sixth Street Provide $700 Million Private Credit Deal for Elara Caring

HPS Investment Partners led a roughly $700 million private-credit deal for Elara Caring, a home health-care provider, according to a person familiar with the matter.

The deal accompanies a strategic investment from Ares’ private equity arm and DaVita, a health care provider, to help fuel the company’s growth. Sixth Street also participated in the financing.