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 May 31, 2026

$24.5B

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
Foundation Automotive US Corp Specialty Retail 1st Lien Senior Secured Debt SF + 7.75% PIK $ 29,657 24,013 11,555 0.05%
Baart Programs, Inc. Health Care Providers & Services 1st Lien Senior Secured Debt SF + 5.00% $ 10,018 9,935 6,449 0.03%
PCP CW Aggregator Holdings II, L.P. (CardWorks, Inc.) Consumer Finance 1st Lien Senior Secured Debt S +7.75% PIK $ 22,526 22,484 22,504 0.09%
Logo Holdings III Corporation (Southern Graphics Inc.) Commercial Services & Supplies 1st Lien Senior Secured Debt S +7.50% PIK $ 7,063 5,599 7,063 0.03%
Logo Holdings III Corporation (Southern Graphics Inc.) Commercial Services & Supplies 2nd Lien Senior Secured Debt S +7.50% PIK $ 2,506 2,015 2,506 0.01%
TecoStar Holdings Inc (Tecomet Inc) Health Care Equipment & Supplies 1st Lien Senior Secured Debt S +6.75% PIK $ 223,437 220,436 223,437 0.91%
ERC Topco Holdings, LLC (Eating Recovery Center) Health Care Providers & Services 1st Lien Senior Secured Debt S +6.50% PIK $ 7,862 7,499 6,206 0.03%
New Era Technology Inc (New Era Technology, Inc.) IT Services 1st Lien Senior Secured Debt S +6.25% PIK $ 7,975 7,894 7,975 0.03%
Wash & Wax Systems LLC (Zips Car Wash, LLC) Diversified Consumer Services 1st Lien Senior Secured Debt S +5.50% PIK $ 15,433 15,169 15,211 0.06%
American Academy Holdings, LLC (American Academy of Professional Coders) Diversified Consumer Services 1st Lien Senior Secured Debt S + 9.25% (incl 5.00% PIK) $ 59,458 59,458 57,285 0.23%
W3 TopCo LLC (Total Safety) Trading Companies & Distributors 1st Lien Senior Secured Debt S + 8.50% (incl 2.00% PIK) $ 87,380 85,421 76,447 0.31%
Ares Secondaries Pbn Finance Co IV LLC (Ares Secondaries Pbn Finance Co IV LLCFO) Structured Finance Structured Finance investments S + 8.50% $ 5,000 2,500 2,527 0.01%
ABPCI Direct Lending Fund CLO XVII LLC (ABPCI Direct Lending Fund CLO) Structured Finance Structured Finance investments S + 8.00% $ 3,500 3,517 3,451 0.01%
Thrasio LLC (Thras IO Inc) Broadline Retail 1st Lien Senior Secured Debt S + 8.00% $ 1,477 1,118 1,477 0.01%
Fort Washington CLO 2019-1 Structured Finance Structured Finance investments S + 7.99% $ 4,500 4,557 4,518 0.02%
Monroe Capital Mml Clo XVII Ltd (Monroe Capital MML CLO) Structured Finance Structured Finance investments S + 7.91% $ 5,000 4,913 4,933 0.02%
User Zoom Technologies, Inc. (User Testing, Inc.) Software 1st Lien Senior Secured Debt S + 7.75% (incl 1.75% PIK) $ 1,533 1,506 1,463 0.01%
Atlas Intermediate III LLC (Actylis) Trading Companies & Distributors 1st Lien Senior Secured Debt S + 7.75% $ 134,971 124,042 120,012 0.49%
Knitwell Borrower LLC (Knitwell) Specialty Retail 1st Lien Senior Secured Debt S + 7.75% $ 127,738 126,523 126,172 0.51%
Riley MergeCo LLC (Riskalyze, Inc.) Software 1st Lien Senior Secured Debt S + 7.75% $ 1,976 1,768 1,588 0.01%
BP Purchaser, LLC (BOX Partners) Containers & Packaging 1st Lien Senior Secured Debt S + 7.50% (incl 1.00% PIK) $ 28,390 28,187 21,557 0.09%
ABB/CON-CISE Optical Group LLC (ABB Optical) Health Care Equipment & Supplies 1st Lien Senior Secured Debt S + 7.50% $ 21,259 21,096 21,098 0.09%
Link Apartments Opportunity Zone REIT, LLC Real Estate Management & Development Other Secured Debt S + 7.50% $ 25,725 25,357 25,319 0.10%
Octagon 52 Ltd (Octagon Investment Partners 52) Structured Finance Structured Finance investments S + 7.33% $ 3,000 2,974 2,855 0.01%
Kpler Finance SA Software 1st Lien Senior Secured Debt S + 7.25% (incl 3.88% PIK) $ 165,345 149,365 147,615 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 May 31, 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 May 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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