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 August 31, 2025

$23.2B

Investments at Fair Value

10.0%

Portfolio Yield at Fair Value1

92%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$244M

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
Staples, Inc. (Staples Inc) Retailers 1st Lien Senior Secured Debt SF + 5.75% $30,952 29,839 28,463 0.12%
SPOTLESS BRANDS, LLC Consumer Services 1st Lien Senior Secured Debt SF + 5.50% $30,978 24,930 25,017 0.11%
Orthrus Ltd (Ocorian) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt E + 6.25% (incl 2.75% PIK) $31,080 32,416 35,779 0.15%
Higginbotham Insurance Agency Inc (Higginbotham Insurance Agency, Inc.) Non-life Insurance 1st Lien Senior Secured Debt SF + 4.50% $31,804 31,597 31,804 0.14%
Denali Bidco Limited (Once For All) Software and Computer Services 1st Lien Senior Secured Debt E + 5.00% €32,099 33,758 37,918 0.16%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 6.00% (incl 2.25% PIK) $33,596 36,666 37,150 0.16%
Renaissance Financiere (Ligue de Football) Media 1st Lien Senior Secured Debt E + 7.00% $34,871 35,719 34,588 0.15%
Spruce Bidco II Inc (Vantive) Medical Equipment and Services 1st Lien Senior Secured Debt CORRA + 5.00% $35,000 23,833 25,162 0.11%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt SN + 4.75% $35,701 43,410 48,239 0.21%
Pinnacle Fertility, Inc. (Pinnacle Fertility) Health Care Providers 1st Lien Senior Secured Debt SF + 5.00% $35,723 35,418 35,723 0.15%
HB AcquisitionCo Pty Ltd (Journey Beyond) Travel and Leisure 1st Lien Senior Secured Debt B + 6.50% $35,789 22,622 21,998 0.09%
Kryptona Bidco US, LLC (Kyriba) Software and Computer Services 1st Lien Senior Secured Debt E + 6.25% (incl 3.38% PIK) $36,259 36,981 41,642 0.18%
TPG VIII Merlin New Holdings I, L.P. (DirecTV) Asset Based Lending and Fund Finance Other Secured Debt SF + 6.50% $37,017 36,638 36,717 0.16%
Denali Bidco Limited (Once For All) Software and Computer Services 1st Lien Senior Secured Debt SN + 5.00% $37,822 28,582 31,947 0.14%
Resonetics, LLC Medical Equipment and Services 1st Lien Senior Secured Debt SF + 2.75% $38,347 38,267 38,360 0.16%
Floating Infrastructure Holdings Finance LLC (NFE VesselCo) Gas, Water and Multi-utilities 1st Lien Senior Secured Debt SF + 5.75% $39,535 39,234 39,535 0.17%
Inflexion BFVI Financing Limited Asset Based Lending and Fund Finance Other Secured Debt SN +4.50% PIK $39,839 26,810 27,423 0.12%
Bausch + Lomb Corporation (Bausch + Lomb) Medical Equipment and Services 1st Lien Senior Secured Debt SF + 4.25% $39,961 39,767 40,068 0.17%
ATI Holdings Acquisition, Inc. (ATI Physical Therapy) Health Care Providers 1st Lien Senior Secured Debt SF + 7.25% $41,092 40,747 37,914 0.16%
Sig Parent Holdings, LLC (Sunstar Insurance Group LLC) Non-life Insurance 1st Lien Senior Secured Debt SF + 4.75% $41,475 27,201 27,205 0.12%
Orthrus Ltd (Ocorian) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SN + 6.25% (incl 2.75% PIK) $41,946 43,562 46,126 0.20%
Arc Media Holdings Limited Media 1st Lien Senior Secured Debt SF + 7.25% $42,680 41,784 41,648 0.18%
EPFS Buyer, Inc. (Elevate Patient Financial Solutions Inc) Health Care Providers 1st Lien Senior Secured Debt SF + 4.75% $43,103 33,142 33,142 0.14%
QBS Parent Inc (Quorum Software) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $43,346 39,333 39,317 0.17%
Constellation Automotive Limited (BCA) Retailers 1st Lien Senior Secured Debt SN + 6.25% $43,803 56,511 58,399 0.25%

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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 August 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 August 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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