Kroll’s report cites an unnamed independent third-party valuation firm that valued the HSF portfolio at USD $2.36 billion as of August 1, 2024. That’s around $150 million more than the total amount HSF spent buying its portfolio over the years ($2.206 billion, according to financial documents). It’s also around$150 million more than the portfolio’s estimated enterprise value of $2.20 billion when Blackstone acquired it this summer.
