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 July 31, 2025

$21.5B

Investments at Fair Value

10.0%

Portfolio Yield at Fair Value1

91%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$238M

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
Acuris Finance US, Inc (ION Analytics) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.75% $8,320 8,223 8,335 0.04%
Armstrong Bidco Limited (Access Group) Software and Computer Services 1st Lien Senior Secured Debt SN + 5.00% £139,986 166,660 184,908 0.86%
Artifact Bidco, Inc. (Avetta, LLC) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $8,005 (66) - 0.00%
Artifact Bidco, Inc. (Avetta, LLC) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.25% $45,788 45,397 46,246 0.21%
Auditboard, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 4.75% $189,286 157,392 159,795 0.74%
Auditboard, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% (incl 2.75% PIK) $75,714 (700) 379 0.00%
Aurelia Netherlands Midco 2 B.V. (Adevinta ASA) Software and Computer Services 1st Lien Senior Secured Debt E + 4.75% €125,373 137,680 141,700 0.66%
Avalara, Inc. (Avalara) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $13,359 13,289 13,433 0.06%
BMC Software Inc. (BMC Software) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.00% $2,993 2,959 2,996 0.01%
Boreal Bidco (Esker SA) Software and Computer Services 1st Lien Senior Secured Debt E + 7.25% (incl 5.75% PIK) €49,682 52,371 55,295 0.26%
Bottomline Technologies, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $4,873 4,462 4,492 0.02%
Calabrio, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 5.50% $28,017 26,448 26,481 0.12%
Central Parent LLC (CDK Global) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $20,148 20,091 16,471 0.08%
Certinia Inc. (FinancialForce) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $57,390 50,893 52,461 0.24%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt 6.50% $7,740 6,999 7,825 0.04%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.50% $13,766 13,280 13,805 0.06%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.75% $4,765 4,765 4,788 0.02%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt SN + 4.75% £35,701 43,400 47,157 0.22%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt P + 3.75% $3,289 170 197 0.00%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.75% $21,005 20,860 21,005 0.10%
UKG Inc (Ultimate Software Group) Software and Computer Services 1st Lien Senior Secured Debt SF + 2.50% $16,495 16,385 16,512 0.08%
Wave Distribution Holdings LLC (Sophos) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.50% $2,365 2,363 2,374 0.01%
Zelis Payments Buyer, Inc. (ZelisRedCard) Software and Computer Services 1st Lien Senior Secured Debt SF + 2.75% $10,856 10,816 10,835 0.05%
Zelis Payments Buyer, Inc. (ZelisRedCard) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $4,975 4,953 4,978 0.02%
Zendesk Inc (Zendesk, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.00% $217,430 169,992 172,509 0.80%

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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 July 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 July 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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