Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Guidehouse Inc. | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.75% (incl 2.00% PIK) | $187,078 | 184,591 | 184,810 | 1.95% |
WP CPP Holdings, LLC (Consolidated Precision Products) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 7.50% (incl 4.13% PIK) | $187,888 | 183,387 | 183,384 | 1.94% |
Armstrong Bidco Limited (Access Group) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 5.25% | £139,986 | 165,784 | 178,486 | 1.89% |
Zendesk Inc (Zendesk, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.25% | $218,640 | 157,899 | 162,507 | 1.72% |
ULTRA III, LLC (Unitranche Holdings III, LLC) | Joint Ventures | Joint Ventures | $400,000 | 158,113 | 158,961 | 1.68% | |
Radwell Parent, LLC | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 6.75% | $167,095 | 149,834 | 156,900 | 1.66% |
MB2 Dental Solutions, LLC | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.00% | $256,467 | 152,450 | 152,469 | 1.61% |
Circana Group, LP. (NPD Group) | Media | 1st Lien Senior Secured Debt | SF + 6.25% (incl 2.75% PIK) | $143,570 | 141,418 | 143,330 | 1.51% |
SPOTLESS BRANDS, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $148,028 | 140,635 | 141,552 | 1.50% |
Travel Leaders Group, LLC (Travel Leaders) | Travel and Leisure | 1st Lien Senior Secured Debt | SF + 8.50% (incl 3.00% PIK) | $137,838 | 135,048 | 141,167 | 1.49% |
WCAS XIII Primary Care Investors, L.P. | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.25% | $135,630 | 133,353 | 135,741 | 1.43% |
Sequa Corp (Chromalloy Gas Turbine, LLC) | Aerospace and Defense | 1st Lien Senior Secured Debt | SF + 7.00% | $140,702 | 124,020 | 130,360 | 1.38% |
SimpliSafe Holding Corporation | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.25% | $134,125 | 121,121 | 122,805 | 1.30% |
Zeus Company LLC (Zeus Company Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.00% (incl 3.00% PIK) | $124,100 | 122,240 | 122,239 | 1.29% |
TecoStar Holdings Inc (Tecomet Inc) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 8.50% (incl 4.50% PIK) | $121,254 | 118,615 | 120,088 | 1.27% |
Royal Buyer, LLC (Kings III of America, LLC) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.00% | $154,931 | 118,765 | 119,098 | 1.26% |
Formerra, LLC (Formerra) | General Industrials | 1st Lien Senior Secured Debt | SF + 7.25% | $121,969 | 109,195 | 111,774 | 1.18% |
Atlas Intermediate III, L.L.C. (Actylis) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 8.25% (incl 4.00% PIK) | $113,237 | 110,591 | 111,697 | 1.18% |
PerkinElmer U.S. LLC (PerkinElmer) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.75% | $112,067 | 108,657 | 111,076 | 1.17% |
Tivity Health Inc | Health Care Providers | 1st Lien Senior Secured Debt | SF + 6.00% | $111,153 | 109,015 | 109,261 | 1.15% |
PPV Intermediate Holdings, LLC (VetCor) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.75% | $116,338 | 106,487 | 108,099 | 1.14% |
United Musculoskeletal Partners Acquisition Holdings, LLC | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.75% | $120,018 | 100,826 | 99,592 | 1.05% |
Coding Solutions Acquisition, Inc. (CorroHealth) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 5.50% | $109,029 | 99,284 | 99,477 | 1.05% |
Specialty Ingredients, LLC (Parker Products Holdings, LLC) | Food Producers | 1st Lien Senior Secured Debt | SF + 6.00% | $101,080 | 94,150 | 95,212 | 1.01% |
Captive Resources Midco LLC (Captive Resources Midco, LLC) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.75% (incl 3.13% PIK) | $94,115 | 92,723 | 95,056 | 1.00% |
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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.