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

$250M

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
Spruce Bidco II Inc (Vantive) Health Care Equipment & Supplies 1st Lien Senior Secured Debt S + 4.75% $ 207,194 170,535 169,764 0.69%
Capripack Debtco PLC (Constantia) Containers & Packaging 1st Lien Senior Secured Debt E + 5.75% (incl 2.50% PIK) € 146,644 153,933 170,019 0.69%
Palmetto TE Borrower LLC Independent Power and Renewable Electricity Producers 1st Lien Senior Secured Debt S + 5.50% $ 172,374 170,530 170,094 0.69%
NP Kaba Megersub, Inc. (Kabafusion LLC) Health Care Providers & Services 1st Lien Senior Secured Debt S + 4.50% $ 205,216 174,403 171,465 0.70%
Gusto Aus Bidco Pty Ltd (iNova Pharmaceuticals) Pharmaceuticals 1st Lien Senior Secured Debt B + 4.75% A$ 267,618 156,089 174,954 0.71%
Guidehouse Inc. Professional Services 1st Lien Senior Secured Debt S + 4.75% $ 190,401 188,918 182,034 0.74%
Holdings 2, L.P. (Project Quicksilver) Financial Services Preferred Equity 11.50% $ 187,500 184,219 184,360 0.75%
MB2 Dental Solutions, LLC Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.50% $ 195,599 182,838 184,440 0.75%
Bayou Intermediate II, LLC (Cordis) Health Care Equipment & Supplies 1st Lien Senior Secured Debt S + 4.75% $ 214,422 187,847 185,261 0.76%
SW Ingredients Holdings, LLC (Spice World) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt S + 5.00% $ 247,512 189,271 188,746 0.77%
Coding Solutions Acquisition, Inc. (CorroHealth) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.00% $ 237,061 186,279 188,767 0.77%
Zendesk Inc (Zendesk, Inc.) Software 1st Lien Senior Secured Debt S + 5.00% $ 216,057 196,408 192,800 0.79%
Flexera Software LLC (Flexera Software, LLC) Software 1st Lien Senior Secured Debt S + 4.50% $ 199,944 199,501 193,688 0.79%
Solis Mammography Buyer, Inc. (Solis Mammography) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.00% $ 251,986 197,667 195,286 0.80%
Oak Funding LLC Financial Services 1st Lien Senior Secured Debt S + 4.50% $ 220,000 198,392 196,908 0.80%
DIA Finance S.L.U. (Distribuidora Internacional de Alimentación, S.A.) Consumer Staples Distribution & Retail 1st Lien Senior Secured Debt E + 6.50% € 170,600 174,054 197,543 0.81%
Kryptona Bidco US, LLC (Kyriba) Software 1st Lien Senior Secured Debt S + 5.75% (incl 3.13% PIK) $ 200,436 197,609 198,509 0.81%
Valence Surface Technologies LLC Aerospace & Defense 1st Lien Senior Secured Debt S + 7.00% $ 217,514 199,323 203,330 0.83%
IRI Group Holdings, Inc. (Circana Group, LP.) Professional Services 1st Lien Senior Secured Debt S + 4.25% $ 206,163 204,898 206,163 0.84%
WP CPP Holdings, LLC (Consolidated Precision Products) Aerospace & Defense 1st Lien Senior Secured Debt S + 6.25% $ 208,225 205,547 208,225 0.85%
Advarra Holdings, Inc. (Advarra, Inc.) Life Sciences Tools & Services 1st Lien Senior Secured Debt S + 4.50% $ 214,551 207,057 208,531 0.85%
Empower Payments Investor, LLC (RevSpring) Financial Services 1st Lien Senior Secured Debt S + 4.50% $ 221,794 209,522 208,877 0.85%
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%
CCI Buyer, Inc. (Consumer Cellular) Wireless Telecommunication Services 1st Lien Senior Secured Debt S + 5.00% $ 251,027 230,873 230,582 0.94%
Titan BW Borrower L.P. (Triumph Group Inc) Aerospace & Defense 1st Lien Senior Secured Debt S + 5.38% (incl 2.88% PIK) $ 233,821 231,816 231,344 0.94%

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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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