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Portfolio

HLEND seeks to build a diversified portfolio of senior secured private credit investments in resilient, market-leading, upper-middle market companies that operate primarily in non-cyclical sectors.

Data as of June 30, 2025

$20.8B

Investments at Fair Value

10.0%

Portfolio Yield at Fair Value1

91%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$235M

Weighted Average EBITDA5

Portfolio Companies89

Clear Filters
Company Name
Industry
Investment Type
Reference Rate & Spread11
Par Amount (thousands)
Amortized Cost (thousands)
Fair Value (thousands)
% of Total Portfolio
AMMC CLO XII Ltd Structured Finance Structured Finance investments SF + 6.44% $2,000 2,002 2,010 0.01%
CIFC Falcon 2020 Ltd (East West Investment Managemen) Structured Finance Structured Finance investments SF + 7.67% $2,000 2,006 1,993 0.01%
UFC Holdings LLC (TKO Group) Media 1st Lien Senior Secured Debt SF + 2.25% $2,095 2,092 2,105 0.01%
Red Planet Borrower, LLC (Liftoff / Vungle) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $2,182 2,109 2,195 0.01%
LMI Inc/DE (Liftoff / Vungle) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.75% $2,165 2,158 2,143 0.01%
Atlas Intermediate III LLC (Actylis) Industrial Support Services 1st Lien Senior Secured Debt SF + 7.50% $13,445 2,177 2,116 0.01%
Elements Midco 1 Limited (IRIS Software) Software and Computer Services Unsecured Debt SN +8.75% PIK £1,797 2,224 2,450 0.01%
Directv Financing, LLC Telecommunications Service Providers 1st Lien Senior Secured Debt SF + 5.00% $2,297 2,276 2,309 0.01%
Hunter Douglas Inc (Hunter Douglas) Household Goods and Home Construction 1st Lien Senior Secured Debt SF + 3.25% $2,294 2,284 2,289 0.01%
Dryden 108 CLO Ltd (Dryden Senior Loan Fund) Structured Finance Structured Finance investments $2,900 2,291 2,073 0.01%
Southern Graphics Holdings LLC (Southern Graphics Inc.) Industrial Support Services Equity and other investments $0 2,333 3,663 0.02%
Wave Distribution Holdings LLC (Sophos) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.50% $2,365 2,363 2,377 0.01%
KUEHG Corp. (Kinder Care) Consumer Services 1st Lien Senior Secured Debt SF + 2.75% $2,374 2,369 2,378 0.01%
Rad CLO Ltd Structured Finance Structured Finance investments SF + 6.51% $2,500 2,504 2,518 0.01%
IRB Holding Corp. (Arby’s Restaurant Group Inc) Travel and Leisure 1st Lien Senior Secured Debt SF + 2.50% $2,657 2,657 2,659 0.01%
Tenet Healthcare Corp Health Care Providers 1st Lien Senior Secured Debt 5.13% $2,695 2,712 2,693 0.01%
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) Structured Finance Structured Finance investments SF + 6.92% $3,000 2,713 3,016 0.01%
Fortis 333 Inc (Alta Performance Materials) Chemicals 1st Lien Senior Secured Debt SF + 3.50% $2,941 2,934 2,944 0.01%
BMC Software Inc. (BMC Software) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.00% $2,993 2,959 2,977 0.01%
Octagon 52 Ltd (Octagon Investment Partners 52) Structured Finance Structured Finance investments SF + 7.33% $3,000 2,972 3,024 0.01%
Flynn Restaurant Group LP Travel and Leisure 1st Lien Senior Secured Debt SF + 3.75% $20,142 20,047 20,142 0.10%
Central Parent LLC (CDK Global) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $20,148 20,090 16,875 0.08%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt N + 5.00% NOK 234,246 20,210 22,902 0.11%
Hamilton Projects Acquiror LLC (Hamilton) Electricity 1st Lien Senior Secured Debt SF + 2.50% $20,301 20,249 20,394 0.10%
Kaseya Inc (Kaseya) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $20,417 20,301 20,520 0.10%

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Footnotes

  1. 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). Actual yields earned over the life of each investment could differ materially from the yields presented above. Please refer to HLEND’s prospectus and filings, including Form 10-Q or Form 10-K for fair value disclosures.
  2. 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. Private investments includes investments in joint ventures.
  3. Based on the aggregate fair value of the investment portfolio as of June 30, 2025.
  4. Percentage based on aggregate fair value of accruing debt.
  5. Calculated with respect to all level 3 investments (or, with respect to weighted average loan to value, all level 3 debt investments) in the investment portfolio for which fair value is determined by the Investment Adviser (in its capacity as the investment adviser of HLEND, with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees), and excludes quoted assets and investments in joint ventures. In the case of weighted average EBITDA only, excludes investments with no reported EBITDA or where EBITDA, in the Investment Adviser’s judgement made in its discretion, was not a material component of the original investment thesis, such as loan-to-value-based loans, NAV-based loans or reorganized equity. Weighted average EBITDA is weighted based on the fair value of the total applicable level 3 investments. Loan to value is calculated as net debt through each respective investment tranche in which HLEND holds an investment divided by enterprise value or value of underlying collateral of the portfolio company. Weighted average loan to value is weighted based on the fair value of the total applicable level 3 debt investments. Excludes investments on non-accrual status as of October 31, 2024. Figures are derived from the most recent financial statements from portfolio companies.
  6. Includes “last out” portions of first lien senior secured loans.
  7. Secured debt at the holding company level.
  8. Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
  9. All figures are as of June 30, 2025 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.
  10. Other includes structured finance investments.
  11. Contractual rates on preferred equity investments may represent preference accruals that are not recognized through investment income of the fund and as such are not included in the calculation of yield. The fair value of these investments may be influenced by the stated preference accrual or a minimum return threshold.

Important Notice

This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where HPS Corporate Lending Fund (“HLEND”) is authorized for distribution.

Complete information about investing in shares of HLEND is available in the prospectus. An investment in HLEND involves risks.

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