Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Artisan Bidco, Inc. (Avid Technology, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.00% | $45,900 | 38,860 | 39,930 | 0.37% |
Avalara, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.25% | $56,918 | 55,855 | 57,345 | 0.53% |
Avalara, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | P + 6.25% | $6,324 | (115) | - | 0.00% |
Barracuda Networks, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 4.50% | $13,792 | 13,484 | 13,833 | 0.13% |
Bottomline Technologies, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.25% | $4,931 | 4,510 | 4,546 | 0.04% |
Calabrio, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.13% | $28,273 | 25,528 | 25,585 | 0.24% |
Certinia Inc. (FinancialForce) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.25% | $45,771 | 39,139 | 40,529 | 0.38% |
DS ADMIRAL BIDCO, LLC (Drake Software, LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 7.00% | $39,246 | 38,338 | 39,868 | 0.37% |
Denali Bidco Limited (Once For All) | Software and Computer Services | 1st Lien Senior Secured Debt | E + 5.50% | €15,916 | 16,624 | 16,929 | 0.16% |
Denali Bidco Limited (Once For All) | Software and Computer Services | 1st Lien Senior Secured Debt | SN + 6.00% | £23,265 | 28,772 | 29,727 | 0.28% |
Enverus Holdings Inc (Enverus) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $72,720 | 63,565 | 65,225 | 0.61% |
GovCIO Buyer Company | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.00% | $9,004 | 8,898 | 9,004 | 0.08% |
Huskies Parent, Inc. (Insurity LLC) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $26,090 | 25,224 | 25,001 | 0.23% |
IRI Group Holdings, Inc. (Circana Group, LP.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.00% | $9,023 | 4,387 | 4,511 | 0.04% |
IRI Group Holdings, Inc. (Circana Group, LP.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.50% (incl 2.00% PIK) | $153,392 | 151,295 | 153,392 | 1.42% |
LMI Inc/DE (Liftoff / Vungle) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.50% | $6,246 | 6,220 | 6,162 | 0.06% |
McAfee Corp (McAfee) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $7,860 | 7,836 | 7,876 | 0.07% |
Medallia, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.50% (incl 4.00% PIK) | $77,518 | 77,518 | 77,362 | 0.72% |
Mitchell Topo Holdings Inc | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.75% | $16,562 | 16,358 | 16,621 | 0.15% |
New Era Technology, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 6.25% | $19,161 | 19,161 | 18,946 | 0.18% |
Newfold Digital Holdings Group Inc (Endure Digital, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.50% | $1,789 | 1,781 | 1,680 | 0.02% |
OEConnection LLC | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.25% | $86,705 | 66,772 | 67,422 | 0.63% |
Onesource Virtual, Inc. | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.00% | $253,882 | 224,763 | 224,761 | 2.09% |
Peraton Inc. (Peraton) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.75% | $10,043 | 9,959 | 10,068 | 0.09% |
UKG Inc (Ultimate Software Group) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.50% | $9,927 | 9,917 | 10,014 | 0.09% |
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Financial advisors can submit an inquiry using this form or engage with HPS at hlend@hpspartners.com. Individual investors should contact their financial advisor for more information.
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 other secured investments.
- All figures are as of May 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.