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 December 31, 2025

$25.3B

Investments at Fair Value

9.4%

Portfolio Yield at Fair Value1

93%

Private Investments2

96%

First Lien Exposure3

99%

Floating Rate4

$255M

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
TPG VIII Merlin New Holdings I, L.P. (DirecTV) Asset Based Lending and Fund Finance Other Secured Debt S + 6.50% $31,601 31,348 31,461 0.12%
Aesthetics Australia Group Pty Ltd (Laser Clinics Group) Diversified Consumer Services 1st Lien Senior Secured Debt B + 7.50% AUD 61,678 39,547 33,405 0.13%
EPFS Buyer, Inc. (Elevate Patient Financial Solutions Inc) Health Care Providers & Services 1st Lien Senior Secured Debt S + 4.50% $43,103 33,165 33,485 0.13%
AI Learning (Singapore) PTE. LTD. (The Learning Lab) Diversified Consumer Services 1st Lien Senior Secured Debt SORA + 7.50% SGD 45,400 33,198 34,946 0.14%
Renaissance Financiere (Ligue de Football) Entertainment 1st Lien Senior Secured Debt E + 7.00% €34,871 35,760 35,085 0.14%
Pinnacle Fertility, Inc. (Pinnacle Fertility) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.00% $35,539 35,275 35,539 0.14%
Meralm Bidco AB (Miss Group) IT Services 1st Lien Senior Secured Debt E + 6.25% (incl 2.25% PIK) €33,596 36,692 36,048 0.14%
More Cowbell II, LLC (Standish) Financial Services 1st Lien Senior Secured Debt S + 4.50% $36,476 35,989 36,129 0.14%
Orthrus Ltd (Ocorian) Financial Services 1st Lien Senior Secured Debt E + 6.25% (incl 2.75% PIK) €31,516 32,953 36,766 0.15%
Vermont Aus Pty Ltd (Greencross Vets) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt B + 4.50% AUD 55,147 39,570 36,800 0.15%
Montagu Lux Finco Sarl Asset Based Lending and Fund Finance 1st Lien Senior Secured Debt E + 5.50% €65,158 33,408 37,449 0.15%
Spark US Bidco, Inc. (Smart Communications) Software 1st Lien Senior Secured Debt S + 4.75% $38,234 37,864 37,864 0.15%
Resonetics, LLC Health Care Equipment & Supplies 1st Lien Senior Secured Debt S + 2.75% $38,155 38,081 38,279 0.15%
EasyPark Strategy AB Software 1st Lien Senior Secured Debt SN + 4.75% £29,019 35,689 38,902 0.15%
ATI Holdings Acquisition, Inc. (ATI Physical Therapy) Health Care Providers & Services 1st Lien Senior Secured Debt S + 7.25% $41,092 40,794 39,067 0.15%
Energos Infrastructure Holdings Finance LLC (F/K/A Floating Infrastructure Holdings Finance LLC) (NFE VesselCo) Gas Utilities 1st Lien Senior Secured Debt S + 5.75% $39,404 39,159 39,404 0.16%
Daphne S.P.A. (Dainese) Textiles, Apparel & Luxury Goods 1st Lien Senior Secured Debt E + 6.25% €45,354 47,923 39,701 0.16%
QBS Parent Inc (Quorum Software) Software 1st Lien Senior Secured Debt S + 4.50% $43,247 39,592 39,969 0.16%
Bausch + Lomb Corporation (Bausch + Lomb) Health Care Equipment & Supplies 1st Lien Senior Secured Debt S + 4.25% $39,761 39,580 40,228 0.16%
Enstall Group B.V. (Esdec) Building Products 1st Lien Senior Secured Debt E + 6.25% €66,292 69,257 41,330 0.16%
Meralm Bidco AB (Miss Group) IT Services 1st Lien Senior Secured Debt ST + 6.25% (incl 2.23% PIK) SEK 422,944 40,716 41,954 0.17%
Higginbotham Insurance Agency Inc (Higginbotham Insurance Agency, Inc.) Insurance 1st Lien Senior Secured Debt S + 4.50% $45,881 41,757 42,047 0.17%
Arc Media Holdings Limited Media 1st Lien Senior Secured Debt S + 7.25% $42,680 42,133 42,079 0.17%
HT Intermediary III, Inc. (InVita Healthcare Technologies) Health Care Technology 1st Lien Senior Secured Debt S + 4.50% $56,147 41,766 42,527 0.17%
Artisan Bidco, Inc. (Avid Technology, Inc.) Software 1st Lien Senior Secured Debt S + 7.00% $46,190 43,958 42,790 0.17%

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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 December 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 December 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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