Watch a Replay of the HPS Corporate Lending Fund First Quarter 2026 Shareholder Update Webcast

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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 April 30, 2026

$24.8B

Investments at Fair Value

9.3%

Portfolio Yield at Fair Value1

94%

Private Investments2

95%

First Lien Exposure3

99%

Floating Rate4

$251M

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
Advarra Holdings, Inc. (Advarra, Inc.) Life Sciences Tools & Services 1st Lien Senior Secured Debt S + 4.50% $214,551 207,033 208,531 0.84%
Atlas Borrower, LLC (AnovoRx) Pharmaceuticals 1st Lien Senior Secured Debt S + 4.50% $103,246 87,075 86,525 0.35%
Auditboard, Inc. Software 1st Lien Senior Secured Debt S + 4.50% $244,465 242,583 239,437 0.96%
Baker Tilly Advisory Group, LP (Baker Tilly) Professional Services 1st Lien Senior Secured Debt S + 4.50% $56,042 27,839 27,995 0.11%
Bottomline Technologies, Inc. Software 1st Lien Senior Secured Debt S + 4.50% $4,840 4,434 4,437 0.02%
Cambrex Corporation Life Sciences Tools & Services 1st Lien Senior Secured Debt S + 4.50% $144,491 129,124 127,452 0.51%
Crunch Holdings LLC (Crunch Fitness) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 4.50% $58,208 57,957 58,790 0.24%
EPFS Buyer, Inc. (Elevate Patient Financial Solutions Inc) Health Care Providers & Services 1st Lien Senior Secured Debt S + 4.50% $39,194 37,666 38,011 0.15%
Edition Holdings Inc (Enverus) Software 1st Lien Senior Secured Debt S + 4.50% $93,849 71,744 70,664 0.28%
Empower Payments Investor, LLC (RevSpring) Financial Services 1st Lien Senior Secured Debt S + 4.50% $221,794 209,476 210,053 0.85%
Flexera Software LLC (Flexera Software, LLC) Software 1st Lien Senior Secured Debt S + 4.50% $199,944 199,495 194,992 0.78%
Kona Buyer, LLC (Redsail Technologies) Software 1st Lien Senior Secured Debt S + 4.50% $203,754 118,766 116,874 0.47%
NDT Global Holding Inc. (NDT Global) Commercial Services & Supplies 1st Lien Senior Secured Debt S + 4.50% $176,437 144,426 144,958 0.58%
NP Kaba Megersub, Inc. (Kabafusion LLC) Health Care Providers & Services 1st Lien Senior Secured Debt S + 4.50% $205,216 176,430 174,946 0.70%
Oak Funding LLC Financial Services 1st Lien Senior Secured Debt S + 4.50% $220,000 198,366 198,433 0.80%
Puma Buyer LLC (Pantherx Rare) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 4.50% $15,248 (87) (170) 0.00%
SWF Holdings I Corp (Springs Window) Building Products 1st Lien Senior Secured Debt S + 4.50% $167 163 166 0.00%
Saber Parent Holdings Corp (Service Logic LLC) Building Products 1st Lien Senior Secured Debt S + 4.50% $27,693 4,924 4,736 0.02%
Severin Acquisition LLC (Powerschool Holdings, LLC) Software 1st Lien Senior Secured Debt S + 4.50% $44,454 15,215 15,559 0.06%
Skywalker Purchaser, LLC (Redsail Technologies) Software 1st Lien Senior Secured Debt S + 4.50% $51,849 51,505 51,024 0.21%
Star Holding LLC (US Silica) Metals & Mining 1st Lien Senior Secured Debt S + 4.50% $4,232 4,214 4,201 0.02%
Victors Purchaser LLC (Service Express) Commercial Services & Supplies 1st Lien Senior Secured Debt S + 4.50% $90,909 73,815 73,179 0.29%
West Star Aviation Acquisition, LLC (West Star Aviation) Aerospace & Defense 1st Lien Senior Secured Debt S + 4.50% $71,283 61,544 61,809 0.25%
Wharf Street Ratings Acquisition LLC (KBRA) Capital Markets 1st Lien Senior Secured Debt S + 4.50% $314,350 252,754 258,475 1.04%
Zenith AcquisitionCo LLC (Novaria Holdings LLC) Aerospace & Defense 1st Lien Senior Secured Debt S + 4.50% $222,361 150,521 148,927 0.60%

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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 April 30, 2026.
  4. Percentage based on aggregate fair value of performing debt and other income producing securities (excluding investments in joint ventures).
  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 April 30, 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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