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 March 31, 2026

$25.0B

Investments at Fair Value

9.3%

Portfolio Yield at Fair Value1

94%

Private Investments2

95%

First Lien Exposure3

99%

Floating Rate4

$255M

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
Ark Newco Limited (Away Resorts) Hotels, Restaurants & Leisure Preferred Equity £ 7,884 10,210 9,474 0.04%
Artemis Bidco Limited (Away Resorts) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt SN + 6.75% £ 1,465 92 93 0.00%
Artemis Bidco Limited (Away Resorts) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt SN +6.75% PIK £ 857 1,043 1,134 0.00%
Birdie Bidco, Inc. (Concert Golf Partners) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt P + 3.50% $ 18,850 (89) (110) -0.00%
Birdie Bidco, Inc. (Concert Golf Partners) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 4.75% (incl 2.25% PIK) $ 135,217 106,802 106,657 0.43%
ClubCorp Holdings Inc Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 4.75% $ 120,588 102,818 103,250 0.41%
Crunch Holdings LLC (Crunch Fitness) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 4.50% $ 58,208 57,954 58,790 0.24%
Fertitta Entertainment LLC (Golden Nugget Inc) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 3.25% $ 9,726 9,560 9,556 0.04%
Flynn Restaurant Group LP Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 3.75% $ 19,990 19,907 19,680 0.08%
Iris Capital Holdings Pty Ltd (Iris Capital) Hotels, Restaurants & Leisure Other Secured Debt B + 5.50% A$ 180,714 28,159 27,313 0.11%
LC Ahab US Bidco LLC (AmaWaterways) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 2.50% $ 10,061 9,920 9,979 0.04%
Legends Hospitality Holding Company, LLC (Legends Hospitality, LLC) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 5.00% $ 20,221 12,915 12,705 0.05%
Legends Hospitality Holding Company, LLC (Legends Hospitality, LLC) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 5.50% (incl 2.75% PIK) $ 96,533 94,498 94,882 0.38%
ONE Group, LLC (The One Group, LLC) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 6.50% $ 49,456 48,543 48,184 0.19%
Saga Mid Co Limited (Saga PLC) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt SN + 6.75% £ 135,976 123,524 138,887 0.56%
The ONE Group Hospitality, Inc. (The One Group, LLC) Hotels, Restaurants & Leisure Equity and other investments $ 19 73 21 0.00%
The ONE Group Hospitality, Inc. (The One Group, LLC) Hotels, Restaurants & Leisure Preferred Equity 13.00% Preferred Return $ 1,000 877 1,075 0.00%
Travel Leaders Group, LLC (Travel Leaders) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 7.50% (incl 3.50% PIK) $ 144,588 143,255 143,174 0.57%
Voyager Parent LLC (IGT/Everi) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 4.25% $ 14,745 14,350 14,664 0.06%
AthenaHealth Group Inc. (AthenaHealth) Health Care Technology 1st Lien Senior Secured Debt S + 2.75% $ 17,994 17,876 17,690 0.07%
Azalea Topco, Inc. (Press Ganey) Health Care Technology 1st Lien Senior Secured Debt S + 3.00% $ 11,829 11,764 11,825 0.05%
HT Intermediary III, Inc. (InVita Healthcare Technologies) Health Care Technology 1st Lien Senior Secured Debt S + 4.50% $ 56,041 41,670 41,898 0.17%
Project Ruby Ultimate Parent Corp (Wellsky) Health Care Technology 1st Lien Senior Secured Debt S + 2.75% $ 22,577 22,520 22,502 0.09%
Zelis Payments Buyer, Inc. (ZelisRedCard) Health Care Technology 1st Lien Senior Secured Debt S + 3.25% $ 4,938 4,918 4,790 0.02%
Zelis Payments Buyer, Inc. (ZelisRedCard) Health Care Technology 1st Lien Senior Secured Debt S + 2.75% $ 10,774 10,741 10,459 0.04%

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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 March 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 March 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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