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Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Illuminate Buyer, LLC (Lummus Technology) | Chemicals | 1st Lien Senior Secured Debt | SF + 3.50% | $15,111 | 14,903 | 15,129 | 0.16% |
PG Investment Co 59 Sarl (Rosen) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.50% | $6,977 | 6,959 | 6,991 | 0.07% |
Planet US Buyer LLC (Wood Mackenzie, Inc.) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.50% | $7,500 | 7,481 | 7,505 | 0.08% |
AMMC CLO 21 LTD (American Money Management Corp) | Structured Finance | Structured Finance investments | SF + 3.36% | $2,150 | 1,932 | 2,162 | 0.02% |
HUB International Limited (HUB International Holdings Inc) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 3.25% | $13,853 | 13,709 | 13,854 | 0.15% |
Pediatric Associates Holding Company, LLC | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.25% | $7,717 | 7,691 | 6,965 | 0.07% |
Phoenix Newco Inc (Parexel Intl Corp) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.25% | $17,567 | 17,472 | 17,573 | 0.19% |
Project Ruby Ultimate Parent Corp (Wellsky) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $12,258 | 12,137 | 12,202 | 0.13% |
Radiate Holdco LLC | Telecommunications Service Providers | 1st Lien Senior Secured Debt | SF + 3.25% | $14,729 | 14,687 | 12,133 | 0.13% |
USI Inc/NY (USI Holdings Corporation) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 3.25% | $5,985 | 5,971 | 5,993 | 0.06% |
Altar Bidco Inc (Brooks Automation) | Technology Hardware and Equipment | 1st Lien Senior Secured Debt | SF + 3.10% | $8,870 | 8,814 | 8,873 | 0.09% |
Marble Point CLO XI Ltd | Structured Finance | Structured Finance investments | SF + 3.06% | $1,850 | 1,575 | 1,737 | 0.02% |
Clarios Global LP (Power Solutions) | Automobiles and Parts | 1st Lien Senior Secured Debt | SF + 3.00% | $14,963 | 14,888 | 14,993 | 0.16% |
Medline Borrower LP (Medline) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 3.00% | $19,648 | 19,488 | 19,672 | 0.21% |
AmWINS Group, Inc. | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 2.75% | $2,977 | 2,971 | 2,981 | 0.03% |
WMB Holdings Inc (Corporation Service Company) | Consumer Services | 1st Lien Senior Secured Debt | SF + 2.75% | $1,756 | 1,712 | 1,758 | 0.02% |
Wec US Holdings Ltd (Westinghouse) | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 2.75% | $10,000 | 9,922 | 9,973 | 0.11% |
Zelis Payments Buyer, Inc. (ZelisRedCard) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 2.75% | $10,994 | 10,940 | 11,003 | 0.12% |
AmWINS Group, Inc. | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 2.25% | $4,597 | 4,578 | 4,584 | 0.05% |
Standard Industries Inc | Industrial Engineering | 1st Lien Senior Secured Debt | SF + 2.25% | $1,264 | 1,264 | 1,265 | 0.01% |
Picard Holdco, Inc. (Citrix) | Software and Computer Services | Preferred Equity | SF + 12.00% (incl 12.00% PIK) | $334 | 325 | 378 | 0.00% |
American Academy Holdings, LLC (American Academy of Professional Coders) | Consumer Services | 1st Lien Senior Secured Debt | SF + 11.00% (incl 5.25% PIK) | $54,469 | 54,469 | 54,464 | 0.58% |
Monroe Capital MML CLO XIV LLC (Monroe Capital MML CLO) | Structured Finance | Structured Finance investments | SF + 10.02% | $2,500 | 2,344 | 2,473 | 0.03% |
SDC US Smilepay SPV (SmileDirectClub) | Medical Equipment and Services | 1st Lien Senior Secured Debt | P + 9.75% | $25,744 | 22,176 | 18,740 | 0.20% |
TriMech Acquisition Corp. (TriMech) | Software and Computer Services | 1st Lien Senior Secured Debt | P + 3.75% | $3,289 | 1,010 | 1,007 | 0.01% |
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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.