Behavox, an AI-focused controls and compliance platform provider for financial institutions, announces a $175 million preferred equity investment from HPS Investment Partners. HPS Investment Partners is described as BlackRock’s private credit firm, acquired by BlackRock for about $12 billion last year. The funding is intended to support Behavox’s global expansion, including scaling its unified AI compliance platform and pursuing additional acquisitions. The company says it is building on prior commercial momentum, including growth in its customer base over the past year. One outlet reports that Behavox’s customer base increases by 86% to more than 100 major financial institutions across five continents. The same source notes that this is Behavox’s first equity raise in six years. Details on the transaction also indicate that Behavox fully repays previous obligations as part of the deal. Together, the reports frame the investment as part of Behavox’s strategy to broaden its product deployment among banks, asset managers, hedge funds, and commodity firms while increasing its presence internationally.