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
Zendesk Inc (Zendesk, Inc.) Software 1st Lien Senior Secured Debt S + 5.00% $ 216,057 196,292 193,175 0.77%
Coding Solutions Acquisition, Inc. (CorroHealth) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.00% $ 237,061 186,206 188,767 0.75%
Holdings 2, L.P. (Project Quicksilver) Financial Services Preferred Equity 11.50% $ 187,500 184,219 184,279 0.74%
Guidehouse Inc. Professional Services 1st Lien Senior Secured Debt S + 4.75% $ 190,401 188,847 183,320 0.73%
Bayou Intermediate II, LLC (Cordis) Health Care Equipment & Supplies 1st Lien Senior Secured Debt S + 4.75% $ 214,422 179,443 179,788 0.72%
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%
NP Kaba Megersub, Inc. (Kabafusion LLC) Health Care Providers & Services 1st Lien Senior Secured Debt S + 4.50% $ 205,216 176,419 175,186 0.70%
Gusto Aus Bidco Pty Ltd (iNova Pharmaceuticals) Pharmaceuticals 1st Lien Senior Secured Debt B + 4.75% A$ 267,618 156,054 169,933 0.68%
Palmetto TE Borrower LLC Independent Power and Renewable Electricity Producers 1st Lien Senior Secured Debt S + 5.50% $ 172,374 170,390 170,618 0.68%
Spruce Bidco II Inc (Vantive) Health Care Equipment & Supplies 1st Lien Senior Secured Debt S + 4.75% $ 207,194 170,460 171,243 0.68%
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%
Axiom Buyer, LLC (Axiom) Commercial Services & Supplies 1st Lien Senior Secured Debt S + 6.50% $ 182,453 157,867 158,442 0.63%
Radwell Parent, LLC Machinery 1st Lien Senior Secured Debt S + 4.75% $ 163,599 151,144 153,424 0.61%
Zenith AcquisitionCo LLC (Novaria Holdings LLC) Aerospace & Defense 1st Lien Senior Secured Debt S + 4.50% $ 222,361 150,510 150,515 0.60%
FC Compassus LLC (Compassus) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.75% (incl 1.50% PIK) $ 162,196 146,259 146,938 0.59%
NDT Global Holding Inc. (NDT Global) Commercial Services & Supplies 1st Lien Senior Secured Debt S + 4.50% $ 176,437 145,929 146,468 0.59%
Aurelia Netherlands Midco 2 B.V. (Adevinta ASA) Interactive Media & Services 1st Lien Senior Secured Debt E + 4.75% € 125,373 137,868 144,313 0.58%
Kpler Finance SA Software 1st Lien Senior Secured Debt S + 7.25% (incl 3.88% PIK) $ 162,563 146,518 145,785 0.58%
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%
Diagnostic Services Holdings, Inc. (Rayus Radiology) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.50% $ 143,436 141,629 140,317 0.56%
GovCIO Buyer Company IT Services 1st Lien Senior Secured Debt S + 5.25% $ 141,340 139,433 138,975 0.56%
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%
Spotless Brands, LLC Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.75% $ 144,769 138,449 139,166 0.56%
Tricentis Operations Holdings Inc (Tricentis) Software 1st Lien Senior Secured Debt S + 6.00% (incl 3.25% PIK) $ 141,162 140,036 139,361 0.56%
Armstrong Bidco Limited (Access Group) Software 1st Lien Senior Secured Debt SN + 5.25% £ 103,458 123,475 136,239 0.54%

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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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