Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Dryden 108 CLO Ltd (Dryden Senior Loan Fund) | Structured Finance | Structured Finance investments | $2,900 | 2,291 | 1,999 | 0.02% | |
Eagle LNG Partners Jacksonville II LLC (Eagle LNG Partners) | Gas, Water and Multi-utilities | Equity and other investments | $0 | 0 | 0 | 0.00% | |
IP Operating Portfolio I, LLC (Intersect Power) | Electricity | Equity and other investments | $0 | 68 | 199 | 0.00% | |
SLF V AD1 Holdings, LLC (AD1 Global) | Travel and Leisure | Equity and other investments | $10,101 | 9,892 | 9,877 | 0.10% | |
Southern Graphics Holdings LLC (Southern Graphics Inc.) | Industrial Support Services | Equity and other investments | $0 | 2,333 | 2,333 | 0.02% | |
ULTRA III, LLC (Unitranche Holdings III, LLC) | Joint Ventures | Joint Ventures | $400,000 | 158,113 | 158,961 | 1.68% | |
DCA Acquisition Holdings LLC (Dental Care Alliance) | Medical Equipment and Services | Unsecured Debt | 13.13% PIK | $1,322 | 1,300 | 1,261 | 0.01% |
BCPE VIRGINIA HOLDCO, INC. (Guidehouse Inc.) | Industrial Support Services | Preferred Equity | 13.75% PIK | $2,000 | 1,960 | 2,031 | 0.02% |
CG PARENT INTERMEDIATE HOLDINGS, INC. (Colibri Group) | Consumer Services | Preferred Equity | 13.75% PIK | $2,000 | 1,940 | 2,030 | 0.02% |
VetCor Group Holdings LLC (VetCor) | Health Care Providers | Unsecured Debt | 13.75% PIK | $1,175 | 1,156 | 1,076 | 0.01% |
VetCor Group Holdings LLC (VetCor) | Health Care Providers | Unsecured Debt | 14.75% PIK | $239 | 233 | 229 | 0.00% |
CLUB CAR WASH PREFERRED, LLC (Wildcat Car Wash) | Consumer Services | Preferred Equity | 15.00% PIK | $19,474 | 16,225 | 16,225 | 0.17% |
RAPID EXPRESS PREFERRED, LLC (Wildcat Car Wash) | Consumer Services | Preferred Equity | 15.00% PIK | $7,694 | 5,837 | 5,837 | 0.06% |
Wildcat Car Wash Holdings, LLC (Wildcat Car Wash) | Consumer Services | Unsecured Debt | 15.00% PIK | $13,718 | 13,718 | 13,718 | 0.14% |
Tenet Healthcare Corp | Health Care Providers | 1st Lien Senior Secured Debt | 5.13% | $2,695 | 2,722 | 2,642 | 0.03% |
CCO Holdings LLC / CCO Holdings Capital Corp (Charter Communications Inc) | Telecommunications Service Providers | Unsecured Debt | 5.50% | $7,000 | 7,067 | 6,884 | 0.07% |
Cloud Software Group Inc (Citrix) | Software and Computer Services | 1st Lien Senior Secured Debt | 6.50% | $7,740 | 6,712 | 7,214 | 0.08% |
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer (Alliant Ins Services Inc.) | Non-life Insurance | Unsecured Debt | 6.75% | $6,255 | 5,773 | 6,083 | 0.06% |
HUB International Limited (HUB International Holdings Inc) | Non-life Insurance | 1st Lien Senior Secured Debt | 7.25% | $10,517 | 10,517 | 10,736 | 0.11% |
IP Operating Portfolio I, LLC (Intersect Power) | Electricity | 1st Lien Senior Secured Debt | 7.88% | $27,428 | 26,931 | 27,329 | 0.29% |
OneTeam Partners, LLC (OneTeam Partners) | Media | Preferred Equity | 8.00% | $1,000 | 1,000 | 1,149 | 0.01% |
Jones Deslauriers Insurance Management Inc. (Navacord Inc.) | Non-life Insurance | 1st Lien Senior Secured Debt | 8.50% | $14,487 | 14,467 | 15,082 | 0.16% |
Cloud Software Group Inc (Citrix) | Software and Computer Services | 2nd Lien Senior Secured Debt | 9.00% | $12,509 | 10,214 | 11,689 | 0.12% |
Brightstar Escrow Corp. | Electronic and Electrical Equipment | 1st Lien Senior Secured Debt | 9.75% | $1,000 | 990 | 1,019 | 0.01% |
Vermont Aus Pty Ltd (Greencross Vets) | Personal Care, Drug and Grocery Stores | 1st Lien Senior Secured Debt | B + 5.75% | AUD 35,124 | 25,748 | 22,723 | 0.24% |
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Footnotes
- 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 or amortized cost, as applicable). Actual yields earned over the life of each investment could differ materially from the yields presented above.
- 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. Measured as total fair value of investments.
- Measured as the fair value of investments for each category relative to the total fair value of investments. Totals may not sum due to rounding.
- Measured as the fair value of debt investments.
- Calculated with respect to all private investments, including investments for which fair value is determined by HPS (in its capacity as the investment manager of HLEND) (with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees) and, in the case of weighted average EBITDA only, excludes investments where net debt to EBITDA may not be the appropriate measure of credit risk. Figures are derived from the financial statements most recently obtained by the Adviser. Weighted average EBITDA is weighted based on the fair value of our total applicable private debt investments.
- Other includes structured finance investments and investments in joint ventures.
- All figures are as of February 29, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.