October 2022 Portfolio Update

Capital market access remains largely closed to the majority of scaled and seasoned non-investment grade issuers amid continued market volatility and bank efforts to derisk balance sheets prior to year end.

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September 2022 Portfolio Update

The broader market came under renewed pressure during the month of September driven by the Federal Reserve continuing its hawkish policy stance, escalation of recession fears, and the turmoil caused by the UK mini budget announcement.

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August 2022 Portfolio Update

Public credit market activity remained largely shuttered throughout the month of August with banks choosing to wait to come to the market after Labor Day with revised terms and structures for the prior larger-scale commitments that are still held on their balance sheets.

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July 2022 Portfolio Update

Major market indices rebounded in July as corporates reported better than expected second quarter earnings and the market began to price in a potentially aggressive Fed tightening posture.

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June 2022 Portfolio Update

Rising interest rates and inflationary pressures continued to create headwinds for the global economy in June, negatively impacting investor sentiment and financial markets.

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May 2022 Portfolio Update

Volatility in the fixed income and equity markets continued in May, as the Federal Reserve increased interest rates by half a percentage point early in the month while signaling further tightening, and corporate earnings were adversely impacted by the dual headwinds of inflationary pressures and supply chain disruption.

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April 2022 Portfolio Update

Lingering supply chain disruptions, geopolitical tensions, and uncertainty regarding the implications of rising interest rates and inflationary pressures drove continued market volatility throughout April.

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March 2022 Portfolio Update

HPS Corporate Lending Fund (“HLEND” or the “Fund”) ended the first quarter of 2022 with a $1.27 billion investment portfolio. Amid market volatility during the quarter, the Fund delivered an inception-to-date total return of 1.49% for all classes shareholders (without giving effect to any upfront placement fee).

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February 2022 Portfolio Update

HPS Corporate Lending Fund (“HLEND” or the “Fund”) got off to a strong start in its inaugural month of operation, delivering a total return of 0.94% for all classes of shareholders (without giving effect to any upfront placement fees).

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