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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 July 31, 2025

$21.5B

Investments at Fair Value

10.0%

Portfolio Yield at Fair Value1

91%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$238M

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
Acuris Finance US, Inc (ION Analytics) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.75% $8,320 8,219 8,338 0.04%
Auditboard, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 4.75% $189,286 157,369 159,795 0.77%
Auditboard, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% (incl 2.75% PIK) $75,714 (705) 379 0.00%
Aurelia Netherlands Midco 2 B.V. (Adevinta ASA) Software and Computer Services 1st Lien Senior Secured Debt E + 4.75% € 125,373 137,655 146,285 0.70%
Avalara, Inc. (Avalara) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $13,359 13,289 13,432 0.06%
Coupa Holdings, LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $85,190 77,650 79,769 0.38%
Coupa Holdings, LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.50% $7,123 (110) 71 0.00%
Databricks Inc (Databricks) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $168,074 136,686 136,227 0.66%
Delta Topco, Inc. (Infoblox) Software and Computer Services 1st Lien Senior Secured Debt SF + 2.75% $19,100 19,047 18,986 0.09%
ESPRESSO BIDCO INC. (Egnyte Inc) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $6,370 (92) (121) 0.00%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt E + 5.00% € 74,735 76,491 86,772 0.42%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt N + 5.00% NOK 234,246 20,210 22,902 0.11%
Einstein Parent Inc (Smartsheet) Software and Computer Services 1st Lien Senior Secured Debt SF + 6.50% $103,808 92,137 91,861 0.44%
Elements Finco Limited (IRIS Software) Software and Computer Services 1st Lien Senior Secured Debt SN + 5.25% (incl 2.25% PIK) £50,412 62,462 69,914 0.34%
HT Intermediary III, Inc. (InVita Healthcare Technologies) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $56,359 42,215 42,277 0.20%
Huskies Parent Inc (Insurity LLC) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $25,770 25,049 25,252 0.12%
IRI Group Holdings, Inc. (Circana Group, LP.) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $206,163 204,567 206,120 0.99%
IRI Group Holdings, Inc. (Circana Group, LP.) Software and Computer Services 1st Lien Senior Secured Debt P + 3.50% $19,562 (144) (52) 0.00%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 5.25% € 5,188 (81) (206) 0.00%
Oranje Holdco, Inc. (KnowBe4, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 7.75% $33,837 33,332 34,171 0.16%
Project Ruby Ultimate Parent Corp (Wellsky) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.00% $18,316 18,236 18,357 0.09%
Proofpoint, Inc. (Proofpoint Inc) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.00% $18,997 18,828 19,031 0.09%
Tango Bidco SAS (Orisha) Software and Computer Services 1st Lien Senior Secured Debt E + 5.00% € 61,534 56,314 62,169 0.30%
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%
Zendesk Inc (Zendesk, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.00% $217,430 169,923 172,509 0.83%

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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 July 31, 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 July 31, 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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