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Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
ASDAM Operations Pty Ltd | Aerospace and Defense | 1st Lien Senior Secured Debt | B + 5.75% | AUD 50,593 | 30,236 | 28,604 | 0.29% |
Arcfield Acquisition Corp (TigerCub) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.25% | $54,447 | 47,879 | 46,925 | 0.47% |
Cadence - Southwick, Inc. (Cadence Engines) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $52,716 | 45,352 | 46,510 | 0.47% |
Cadence - Southwick, Inc. (Cadence Engines) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.00% | $3,112 | 3,053 | 3,081 | 0.03% |
Fastener Distribution Holdings, LLC (FDH Aero) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.50% | $41,401 | 41,007 | 41,006 | 0.41% |
Frontgrade Technologies Holdings Inc. (CAES Space) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $52,059 | 43,975 | 45,102 | 0.45% |
WP CPP Holdings, LLC (Consolidated Precision Products) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 6.75% | $26,285 | (621) | (575) | -0.01% |
WP CPP Holdings, LLC (Consolidated Precision Products) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 7.50% (incl 4.13% PIK) | $189,377 | 184,954 | 185,233 | 1.87% |
Braya Renewable Fuels (Newfoundland) LP | Alternative Energy | 1st Lien Senior Secured Debt | SF + 6.50% | $17,731 | 16,281 | 16,203 | 0.16% |
CRSS HPS LLC (Enhanced Capital) | Asset Based Lending and Fund Finance | 1st Lien Senior Secured Debt | SF + 6.75% | $21,451 | 21,061 | 21,178 | 0.21% |
TPG VIII Merlin New Holdings I, L.P. (DirecTV) | Asset Based Lending and Fund Finance | Other Secured | SF + 6.50% | $65,000 | 63,720 | 63,719 | 0.64% |
Clarios Global LP (Power Solutions) | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 3.00% | $14,963 | 14,889 | 15,019 | 0.15% |
Foundation Automotive US Corp | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 7.75% | $42,529 | 42,099 | 36,571 | 0.37% |
Oil Changer Holding Corporation | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 6.75% | $48,994 | 48,695 | 48,870 | 0.49% |
Illuminate Buyer, LLC (Lummus Technology) | Chemicals | 1st Lien Senior Secured Debt | SF + 3.50% | $15,111 | 14,906 | 15,147 | 0.15% |
Esdec Solar Group B.V. (Esdec) | Construction and Materials | 1st Lien Senior Secured Debt | E + 6.00% | €68,474 | 54,781 | 55,387 | 0.56% |
Nexus Intermediate III, LLC (Vortex Industries) | Construction and Materials | 1st Lien Senior Secured Debt | SF + 5.50% | $1,061 | 1,049 | 1,061 | 0.01% |
AI Learning (Singapore) PTE. LTD. (The Learning Lab) | Consumer Services | 1st Lien Senior Secured Debt | SORA + 8.25% (incl 4.00% PIK) | SDG 44,063 | 31,773 | 31,975 | 0.32% |
Asurion Corporation (Asurion) | Consumer Services | 2nd Lien Senior Secured Debt | SF + 5.25% | $4,132 | 4,095 | 3,747 | 0.04% |
CLUB CAR WASH PREFERRED, LLC (Wildcat Car Wash) | Consumer Services | Preferred Equity | 15.00% PIK | $19,678 | 16,430 | 16,430 | 0.17% |
Club Car Wash Operating, LLC (Club Car Wash) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.00% | $77,459 | 62,455 | 63,483 | 0.64% |
SPOTLESS BRANDS, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $148,028 | 140,670 | 142,125 | 1.43% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | SF + 7.00% | $2,751 | 2,741 | 943 | 0.01% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | SF + 8.00% | $162 | 159 | 159 | 0.00% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | SF + 10.00% PIK | $162 | 161 | 159 | 0.00% |
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Footnotes
- Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts and less any annual amortization of premiums, as applicable, on accruing (i) debt and (ii) other income producing securities, divided by (b) total accruing (i) debt and (ii) other income producing securities (at fair value or amortized cost, as applicable). Actual yields earned over the life of each investment could differ materially from the yields presented above.
- Private Investments represents level 3 investments in the investment portfolio where inputs to the valuation methodology are unobservable and significant to overall fair value measurement. Measured as total fair value of investments.
- Measured as the fair value of investments for each category relative to the total fair value of investments. Totals may not sum due to rounding.
- Measured as the fair value of debt investments.
- Calculated with respect to all private investments, including investments for which fair value is determined by HPS (in its capacity as the investment manager of HLEND) (with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees) and, in the case of weighted average EBITDA only, excludes investments where net debt to EBITDA may not be the appropriate measure of credit risk. Figures are derived from the financial statements most recently obtained by the Adviser. Weighted average EBITDA is weighted based on the fair value of our total applicable private debt investments.
- Other includes structured finance investments and investments in other secured investments.
- All figures are as of March 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.