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 October 31, 2025

$24.9B

Investments at Fair Value

9.6%

Portfolio Yield at Fair Value1

93%

Private Investments2

96%

First Lien Exposure3

99%

Floating Rate4

$242M

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
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt 6.50% $7,740 7,066 7,809 0.03%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt S + 3.25% $18,718 18,718 18,697 0.08%
Coupa Holdings, LLC Software and Computer Services 1st Lien Senior Secured Debt S + 5.25% $84,991 77,575 79,568 0.32%
DigiCert Inc Software and Computer Services 1st Lien Senior Secured Debt S + 5.75% $399,251 355,231 356,220 1.43%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt E + 4.75% € 83,304 86,453 96,122 0.39%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt SN + 4.75% £29,019 35,682 38,214 0.15%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt N + 4.75% NOK 234,246 20,231 23,004 0.09%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt S + 4.75% $45,577 44,999 45,315 0.18%
Einstein Parent Inc (Smartsheet) Software and Computer Services 1st Lien Senior Secured Debt S + 6.50% $103,808 92,283 92,800 0.37%
Mediaocean LLC Software and Computer Services 1st Lien Senior Secured Debt S + 3.50% $6,772 6,768 6,726 0.03%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 5.25% € 5,188 (78) (552) 0.00%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 6.00% (incl 2.25% PIK) € 33,596 36,686 35,401 0.14%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 9.25% (incl 4.75% PIK) € 48,964 53,483 55,625 0.22%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt N + 6.00% (incl 2.25% PIK) NOK 269,391 25,094 24,169 0.10%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt ST + 6.00% (incl 2.25% PIK) SEK 422,944 40,709 40,674 0.16%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt S + 6.00% (incl 2.25% PIK) $14,008 13,840 12,723 0.05%
Mitchell International Inc (Mitchell International, Inc.) Software and Computer Services 1st Lien Senior Secured Debt S + 3.25% $9,900 9,860 9,938 0.04%
New Era Technology Inc (New Era Technology, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 6.25% PIK $7,488 7,488 7,488 0.03%
OEConnection LLC Software and Computer Services 1st Lien Senior Secured Debt S + 5.00% $85,772 77,769 78,648 0.32%
Tango Bidco SAS (Orisha) Software and Computer Services 1st Lien Senior Secured Debt E + 5.25% € 58,404 56,415 61,940 0.25%
Tango Bidco SAS (Orisha) Software and Computer Services 1st Lien Senior Secured Debt E + 5.00% € 10,291 (131) 25 0.00%
Trading Technologies International Inc Software and Computer Services 1st Lien Senior Secured Debt S + 4.25% $152,509 96,461 96,461 0.39%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt SN + 4.75% £35,609 43,327 47,149 0.19%
Tricentis Operations Holdings Inc (Tricentis) Software and Computer Services 1st Lien Senior Secured Debt S + 5.50% $19,449 (172) - 0.00%
Ares Secondaries Pbn Finance Co IV LLC (Ares Secondaries Pbn Finance Co IV LLCFO) Structured Finance Structured Finance investments S + 2.90% $1,000 10 5 0.00%

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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 November 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 November 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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