BlackRock-Backed HPS BDC Names Eric Smith as Chief Compliance Officer

HPS Corporate Lending Fund, a perpetual-life, non-traded business development company sponsored by BlackRock-owned HPS, announced a change in leadership – appointing Eric Smith as the new chief compliance officer, effective immediately.

Smith, 41, succeeds Gregory MacCordy, whose resignation from the role also took effect on Oct. 9, 2025. The company said that MacCordy’s departure was not the result of any disagreement related to the company’s operations, policies, or practices.

The newly appointed CCO brings over 17 years of regulatory and financial services experience to the BDC. He currently serves as a senior principal consultant at ACA Group, where he acts as an outsourced CCO and consultant for a variety of regulated entities, including registered investment advisers, registered investment companies, and business development companies. He has held this position since 2023.

Smith has held key compliance roles at major financial institutions. His experience includes serving most recently as the compliance director of asset management at Charles Schwab from 2022 to 2023. Prior to that, he spent time at Nuveen from 2017 to 2022, where he was a business-line compliance officer for the private placements division and was active in developing and managing the compliance program for a business development company. He also held roles in the asset management division of TIAA.

Smith holds a bachelor’s degree in economics from the University of Colorado.

Earlier this year, AltsWire reported that BlackRock Inc. (NYSE:BLK) had successfully completed its acquisition of HPS, formerly known as HPS Investment Partners.

HPS Corporate Lending Fund was formed to invest primarily in newly originated senior secured debt and other securities of private U.S. companies within the middle market and upper-middle market. The fund launched in late January 2022 and seeks to raise $4 billion.

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