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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 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
ABC Legal Holdings, LLC (ABC Legal Services Inc) Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $120,998 79,484 79,487 0.33%
Artifact Bidco, Inc. (Avetta, LLC) Software and Computer Services 1st Lien Senior Secured Debt S + 4.50% $8,005 -63 - 0.00%
Atlas Borrower, LLC (AnovoRx) Pharmaceuticals and Biotechnology 1st Lien Senior Secured Debt S + 4.50% $103,467 87,221 87,221 0.36%
Auditboard, Inc. Software and Computer Services 1st Lien Senior Secured Debt S + 4.50% $159,000 157,707 159,795 0.65%
Baker Tilly Advisory Group, LP (Baker Tilly) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt S + 4.50% $88,925 42,544 43,160 0.18%
Cambrex Corporation Pharmaceuticals and Biotechnology 1st Lien Senior Secured Debt S + 4.50% $151,205 108,899 109,834 0.45%
Chartis Group LLC/The (The Chartis Group, LLC) Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $14,716 -122 - 0.00%
EIS Legacy Holdco, LLC (EIS Inc) Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $107,593 77,847 78,720 0.32%
Empower Payments Investor, LLC (RevSpring) Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $223,739 193,866 194,501 0.80%
Galway Borrower LLC Non-life Insurance 1st Lien Senior Secured Debt S + 4.50% $143,939 133,900 134,263 0.55%
Global Music Rights, LLC Media 1st Lien Senior Secured Debt S + 4.50% $439,167 435,318 437,958 1.79%
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%
Higginbotham Insurance Agency Inc (Higginbotham Insurance Agency, Inc.) Non-life Insurance 1st Lien Senior Secured Debt S + 4.50% $31,723 31,528 31,723 0.13%
Koala Investment Holdings Inc (Keystone Agency Partners) Non-life Insurance 1st Lien Senior Secured Debt S + 4.50% $152,429 116,637 116,639 0.48%
Kona Buyer, LLC (Redsail Technologies) Software and Computer Services 1st Lien Senior Secured Debt S + 4.50% $204,362 119,266 121,098 0.50%
NDT GLOBAL HOLDING INC. (NDT Global) Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $210,997 144,631 145,004 0.59%
QBS Parent Inc (Quorum Software) Software and Computer Services 1st Lien Senior Secured Debt S + 4.50% $43,346 39,685 39,986 0.16%
Railpros Parent LLC Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $50,925 34,353 34,797 0.14%
SWF Holdings I Corp (Springs Window) Household Goods and Home Construction 1st Lien Senior Secured Debt S + 4.50% $167 70 73 0.00%
Skywalker Purchaser, LLC (Redsail Technologies) Software and Computer Services 1st Lien Senior Secured Debt S + 4.50% $51,849 -361 107 0.00%
Spirit RR Holdings, Inc. (Reorg Research) Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $54,816 50,672 51,434 0.21%
Star Holding LLC (US Silica) Industrial Metals and Mining 1st Lien Senior Secured Debt S + 4.50% $4,253 4,234 4,128 0.02%
Vaxcare Intermediate II LLC (VaxCare) Health Care Providers 1st Lien Senior Secured Debt S + 4.50% $71,692 59,027 59,568 0.24%
Vital Care Buyer, LLC (Vital Care Inc) Medical Equipment and Services 1st Lien Senior Secured Debt S + 4.50% $103,533 89,413 90,262 0.37%
West Star Aviation Acquisition, LLC (West Star Aviation) Aerospace and Defense 1st Lien Senior Secured Debt S + 4.50% $71,582 54,016 54,626 0.22%

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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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