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 January 31, 2026

$25.6B

Investments at Fair Value

9.3%

Portfolio Yield at Fair Value1

93%

Private Investments2

96%

First Lien Exposure3

99%

Floating Rate4

$254M

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
Logo Holdings III Corporation (Southern Graphics Inc.) Commercial Services & Supplies 2nd Lien Senior Secured Debt S +7.50% PIK $2,665 2,036 2,665 0.01%
Retail Services WIS Corporation (Retail Services WIS Corp) Commercial Services & Supplies 1st Lien Senior Secured Debt S + 7.00% $135,357 106,930 107,158 0.42%
Velocity Cayman Holding L.P. (Vialto Partners) Commercial Services & Supplies Equity and other investments $288 6,162 6,506 0.03%
Velocity Cayman Holdings GP LLC (Vialto Partners) Commercial Services & Supplies Equity and other investments $288 - - 0.00%
Victors Purchaser LLC (Service Express) Commercial Services & Supplies 1st Lien Senior Secured Debt S + 4.50% $90,909 74,156 74,198 0.29%
Wasserman Media Group, LLC (Wasserman Media Group) Commercial Services & Supplies 1st Lien Senior Secured Debt S + 2.50% $4,156 4,137 4,161 0.02%
Ribbon Communications Operating Company, Inc Communications Equipment 1st Lien Senior Secured Debt S + 6.25% $61,359 54,164 55,552 0.22%
NRO Holdings III Corp. (Nations Roof) Construction & Engineering 1st Lien Senior Secured Debt S + 5.25% $991 859 882 0.00%
Pike Corporation (Pike Corp) Construction & Engineering 1st Lien Senior Secured Debt S + 4.50% $164,001 118,204 118,205 0.46%
PCP CW Aggregator Holdings II, L.P. (CardWorks, Inc.) Consumer Finance 1st Lien Senior Secured Debt S +7.75% PIK $25,578 25,503 25,679 0.10%
DIA Finance S.L.U. (Distribuidora Internacional de Alimentación, S.A.) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt E + 6.50% €170,600 173,703 202,333 0.79%
Puma Buyer LLC (Pantherx Rare) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 4.50% $15,248 -91 -74 0.00%
Puma Buyer LLC (Pantherx Rare) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 4.25% $86,896 86,372 86,477 0.34%
SW Ingredients Holdings, LLC (Spice World) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 5.00% $247,994 197,246 199,134 0.78%
Vermont Aus Pty Ltd (Greencross Vets) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt B + 4.50% AUD 55,147 39,585 38,405 0.15%
BP Purchaser, LLC (BOX Partners) Containers & Packaging 1st Lien Senior Secured Debt S + 5.50% $28,402 28,172 22,503 0.09%
Capripack Debtco PLC (Constantia) Containers & Packaging 1st Lien Senior Secured Debt E + 5.75% (incl 2.50% PIK) €145,369 152,130 172,896 0.68%
Clydesdale Acquisition Holdings Inc (Novolex) Containers & Packaging 1st Lien Senior Secured Debt S + 3.18% $7,576 7,562 7,551 0.03%
Johnstone Supply LLC Distributors 1st Lien Senior Secured Debt S + 2.50% $6,228 6,221 6,237 0.02%
Thermostat Purchaser III Inc (PremiStar) Distributors 1st Lien Senior Secured Debt S + 4.25% $7,900 7,900 7,834 0.03%
AI Learning (Singapore) PTE. LTD. (The Learning Lab) Diversified Consumer Services 1st Lien Senior Secured Debt SORA + 7.50% SGD 45,400 33,218 35,241 0.14%
Club Car Wash Preferred, LLC (Wildcat Car Wash) Diversified Consumer Services Preferred Equity 15.00% PIK $25,735 25,735 25,735 0.10%
Spotless Brands, LLC Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.50% $30,855 30,643 30,773 0.12%
TruGreen Limited Partnership (Tru Green LP) Diversified Consumer Services 1st Lien Senior Secured Debt S + 4.00% $8,398 8,359 8,249 0.03%
Wildcat Car Wash Holdings, LLC (Wildcat Car Wash) Diversified Consumer Services Unsecured Debt 15.00% PIK $18,209 18,209 18,209 0.07%

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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 January 31, 2026.
  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 MSCI / S&P Global Industry Classification Standard (“GICS”) industry definition. Totals may not sum due to rounding. 
  9. All figures are as of January 31, 2026 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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