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

$24.4B

Investments at Fair Value

9.7%

Portfolio Yield at Fair Value1

93%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$246M

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
Armstrong Bidco Limited (Access Group) Software and Computer Services 1st Lien Senior Secured Debt SN + 5.25% £139,986 166,815 183,956 0.75%
Aurelia Netherlands Midco 2 B.V. (Adevinta ASA) Software and Computer Services 1st Lien Senior Secured Debt E + 4.75% € 125,373 137,754 144,357 0.59%
Avalara, Inc. (Avalara) Software and Computer Services 1st Lien Senior Secured Debt S + 2.75% $13,325 13,257 13,369 0.05%
BMC Software Inc. (BMC Software) Software and Computer Services 1st Lien Senior Secured Debt S + 3.00% $2,985 2,953 2,969 0.01%
Boreal Bidco (Esker SA) Software and Computer Services 1st Lien Senior Secured Debt E + 7.25% (incl 5.75% PIK) € 50,412 53,270 57,072 0.23%
Bottomline Technologies, Inc. Software and Computer Services 1st Lien Senior Secured Debt S + 4.50% $4,862 4,452 4,497 0.02%
Calabrio, Inc. Software and Computer Services 1st Lien Senior Secured Debt S + 4.00% $11,360 10,792 10,806 0.04%
Calabrio, Inc. Software and Computer Services 1st Lien Senior Secured Debt S + 5.50% $27,953 26,389 26,417 0.11%
Central Parent LLC (CDK Global) Software and Computer Services 1st Lien Senior Secured Debt S + 3.25% $20,097 20,044 16,610 0.07%
Certinia Inc. (FinancialForce) Software and Computer Services 1st Lien Senior Secured Debt S + 5.25% $57,260 50,818 52,329 0.21%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt 6.50% $7,740 7,050 7,807 0.03%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt S + 3.25% $18,765 18,765 18,788 0.08%
HT Intermediary III, Inc. (InVita Healthcare Technologies) Software and Computer Services 1st Lien Senior Secured Debt S + 4.50% $56,253 41,994 42,763 0.18%
Kpler Finance SA Software and Computer Services 1st Lien Senior Secured Debt S + 6.75% (incl 3.63% PIK) $142,563 140,645 141,454 0.58%
Red Planet Borrower, LLC (Liftoff / Vungle) Software and Computer Services 1st Lien Senior Secured Debt S + 4.00% $5,487 5,433 5,414 0.02%
Severin Acquisition LLC (Powerschool Holdings, LLC) Software and Computer Services 1st Lien Senior Secured Debt S + 4.75% $44,454 (376) - 0.00%
Tango Bidco SAS (Orisha) Software and Computer Services 1st Lien Senior Secured Debt E + 5.25% € 58,404 56,405 61,407 0.25%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt SN + 4.75% £35,609 43,317 46,793 0.19%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt S + 4.75% $24,240 21,309 21,464 0.09%
UKG Inc (Ultimate Software Group) Software and Computer Services 1st Lien Senior Secured Debt S + 2.50% $16,495 16,390 16,512 0.07%
User Zoom Technologies, Inc. (User Testing, Inc.) Software and Computer Services 1st Lien Senior Secured Debt S + 7.00% $18,948 18,752 18,948 0.08%
WorkWave Intermediate II, LLC Software and Computer Services 1st Lien Senior Secured Debt S + 5.75% $11,593 610 610 0.00%
WorkWave Intermediate II, LLC Software and Computer Services 1st Lien Senior Secured Debt S + 6.25% (incl 3.12% PIK) $94,004 93,076 93,075 0.38%
Zelis Payments Buyer, Inc. (ZelisRedCard) Software and Computer Services 1st Lien Senior Secured Debt S + 3.25% $4,963 4,941 4,928 0.02%
Zendesk Inc (Zendesk, Inc.) Software and Computer Services 1st Lien Senior Secured Debt S + 5.00% $217,006 169,779 172,085 0.71%

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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 October 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 October 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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