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
CG Parent Intermediate Holdings, Inc. (Colibri Group) Diversified Consumer Services Preferred Equity 13.75% Preferred Return $ 2,000 1,940 2,657 0.01%
Club Car Wash Operating, LLC (Club Car Wash) Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.50% $ 181,677 177,121 178,294 0.71%
Club Car Wash Preferred, LLC (Wildcat Car Wash) Diversified Consumer Services Preferred Equity 15.00% PIK $ 26,354 26,354 26,354 0.11%
IXM Holdings, Inc. (Impact) Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.75% $ 44,725 41,211 41,088 0.16%
KUEHG Corp. (Kinder Care) Diversified Consumer Services 1st Lien Senior Secured Debt S + 2.75% $ 2,356 2,352 2,121 0.01%
Mckissock Investment Holdings LLC (Colibri Group) Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.00% $ 90,584 89,577 79,167 0.32%
Spotless Brands, LLC Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.50% $ 30,778 30,580 30,627 0.12%
University Support Services LLC (Medforth) Diversified Consumer Services 1st Lien Senior Secured Debt S + 2.75% $ 3,138 2,996 3,084 0.01%
Wash & Wax Group LP (Zips Car Wash, LLC) Diversified Consumer Services Equity and other investments $ 6 8,547 5,215 0.02%
Wash & Wax Holdings LLC (Zips Car Wash, LLC) Diversified Consumer Services Unsecured Debt 12.00% PIK $ 10,570 10,167 10,570 0.04%
Wash & Wax Systems LLC (Zips Car Wash, LLC) Diversified Consumer Services 1st Lien Senior Secured Debt S +5.50% PIK $ 15,090 14,803 15,090 0.06%
Wildcat Car Wash Holdings, LLC (Wildcat Car Wash) Diversified Consumer Services Unsecured Debt 15.00% PIK $ 18,648 18,648 18,648 0.07%
Thermostat Purchaser III Inc (PremiStar) Distributors 1st Lien Senior Secured Debt S + 4.25% $ 7,880 7,880 7,729 0.03%
BP Purchaser, LLC (BOX Partners) Containers & Packaging 1st Lien Senior Secured Debt S + 7.50% (incl 1.00% PIK) $ 28,390 28,174 21,648 0.09%
Capripack Debtco PLC (Constantia) Containers & Packaging 1st Lien Senior Secured Debt E + 5.75% (incl 2.50% PIK) € 145,729 152,710 168,355 0.67%
Clydesdale Acquisition Holdings Inc (Novolex) Containers & Packaging 1st Lien Senior Secured Debt S + 3.18% $ 7,576 7,563 7,246 0.03%
DIA Finance S.L.U. (Distribuidora Internacional de Alimentación, S.A.) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt E + 6.50% € 170,600 173,876 196,693 0.79%
Puma Buyer LLC (Pantherx Rare) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 4.50% $ 15,248 (89) (154) -0.00%
Puma Buyer LLC (Pantherx Rare) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 4.25% $ 86,678 86,169 85,802 0.34%
SW Ingredients Holdings, LLC (Spice World) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 5.00% $ 247,512 193,316 194,169 0.78%
Vermont Aus Pty Ltd (Greencross Vets) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt B + 4.50% A$ 55,004 39,511 37,915 0.15%
PCP CW Aggregator Holdings II, L.P. (CardWorks, Inc.) Consumer Finance 1st Lien Senior Secured Debt S +6.75% PIK $ 21,909 21,856 21,947 0.09%
NRO Holdings III Corp. (Nations Roof) Construction & Engineering 1st Lien Senior Secured Debt S + 5.25% $ 989 831 846 0.00%
Pike Corporation (Pike Corp) Construction & Engineering 1st Lien Senior Secured Debt S + 4.50% $ 164,001 118,222 117,278 0.47%
Ribbon Communications Operating Company, Inc Communications Equipment 1st Lien Senior Secured Debt S + 6.25% $ 61,007 53,856 54,212 0.22%

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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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