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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 February 28, 2026

$25.7B

Investments at Fair Value

9.3%

Portfolio Yield at Fair Value1

94%

Private Investments2

96%

First Lien Exposure3

99%

Floating Rate4

$254M

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
Elements Finco Limited (IRIS Software) Software 1st Lien Senior Secured Debt SN + 5.25% (incl 2.25% PIK) £51,169 63,541 68,961 0.27%
CC WDW Borrower, Inc. (Advantek, LLC) Electronic Equipment, Instruments & Components 1st Lien Senior Secured Debt S + 6.75% $51,606 49,966 50,453 0.20%
Skywalker Purchaser, LLC (Redsail Technologies) Software 1st Lien Senior Secured Debt S + 4.50% $51,849 51,496 51,167 0.20%
Spirit RR Holdings, Inc. (Reorg Research) Professional Services 1st Lien Senior Secured Debt S + 4.50% $54,685 50,606 51,617 0.20%
Vermont Aus Pty Ltd (Greencross Vets) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt B + 4.50% AUD 55,147 39,599 39,226 0.15%
HT Intermediary III, Inc. (InVita Healthcare Technologies) Health Care Technology 1st Lien Senior Secured Debt S + 4.50% $56,147 41,772 42,004 0.16%
Netrisk Group Luxco 4 S.A.R.L. (Netrisk) Insurance 1st Lien Senior Secured Debt E + 5.25% € 57,650 55,028 63,961 0.25%
Crunch Holdings LLC (Crunch Fitness) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 4.50% $58,354 58,095 58,937 0.23%
Tango Bidco SAS (Orisha) Software 1st Lien Senior Secured Debt E + 5.25% € 58,404 58,473 62,766 0.24%
American Academy Holdings, LLC (American Academy of Professional Coders) Diversified Consumer Services 1st Lien Senior Secured Debt S + 9.75% (incl 5.25% PIK) $59,183 59,183 58,704 0.23%
Vaxcare Intermediate II LLC (VaxCare) Health Care Providers & Services 1st Lien Senior Secured Debt S + 4.25% $59,557 59,021 59,415 0.23%
Shackleton Lower JVCO ULC (Payworks Inc) Software 1st Lien Senior Secured Debt CORRA + 4.50% CAD 59,673 25,594 25,894 0.10%
Dimension Energy LLC Independent Power and Renewable Electricity Producers 1st Lien Senior Secured Debt S + 4.00% $60,064 19,922 19,902 0.08%
Cadence - Southwick, Inc. (Cadence Engines) Aerospace & Defense 1st Lien Senior Secured Debt S + 4.75% $61,204 50,578 51,447 0.20%
Ribbon Communications Operating Company, Inc Communications Equipment 1st Lien Senior Secured Debt S + 6.25% $61,359 54,182 54,645 0.21%
Madonna Bidco Ltd (Isio) Financial Services 1st Lien Senior Secured Debt SN + 5.25% £61,566 65,659 70,456 0.27%
Aesthetics Australia Group Pty Ltd (Laser Clinics Group) Diversified Consumer Services 1st Lien Senior Secured Debt B + 7.50% AUD 61,678 39,575 30,189 0.12%
Bamboo US BidCo LLC (Simtra BioPharma Solutions) Life Sciences Tools & Services 1st Lien Senior Secured Debt E + 5.00% € 62,490 64,854 73,844 0.29%
Project Alliance Buyer, LLC (AssistRx) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.00% $62,752 51,789 52,095 0.20%
Associations Inc. Real Estate Management & Development 1st Lien Senior Secured Debt S + 6.50% $62,754 57,020 57,055 0.22%
Limpio Bidco GMBH (Schülke & Mayr) Health Care Equipment & Supplies 1st Lien Senior Secured Debt E + 5.20% € 63,783 66,221 75,372 0.29%
Montagu Lux Finco Sarl Asset Based Lending and Fund Finance 1st Lien Senior Secured Debt E + 5.50% € 65,158 33,440 37,485 0.15%
Flexera Software LLC (Flexera Software, LLC) Software 1st Lien Senior Secured Debt E + 4.50% € 65,335 76,298 74,819 0.29%
SI Swan UK Bidco Ltd (Sapiens) Software 1st Lien Senior Secured Debt S + 4.75% $65,951 45,384 44,561 0.17%
Enstall Group B.V. (Esdec) Building Products 1st Lien Senior Secured Debt E + 6.25% € 66,292 67,687 37,716 0.15%

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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 February 28, 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 February 28, 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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