Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Hamilton Projects Acquiror, LLC (Hamilton) | Electricity | 1st Lien Senior Secured Debt | SF + 3.75% | $17,149 | 17,106 | 17,267 | 0.16% |
IP Operating Portfolio I, LLC (Intersect Power) | Electricity | Equity and other investments | $0 | 68 | 225 | 0.00% | |
AI Learning (Singapore) PTE. LTD. (The Learning Lab) | Consumer Services | 1st Lien Senior Secured Debt | SORA + 8.25% (incl 4.00% PIK) | SDG 44,947 | 32,468 | 33,286 | 0.31% |
Aesthetics Australia Group Pty Ltd (Laser Clinics Group) | Consumer Services | 1st Lien Senior Secured Debt | B + 6.25% | AUD 57,095 | 36,055 | 36,733 | 0.34% |
Asurion Corporation (Asurion) | Consumer Services | 2nd Lien Senior Secured Debt | SF + 5.25% | $4,132 | 4,096 | 3,902 | 0.04% |
Auctane Inc (Stamps.com Inc.) | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.75% | $24,500 | 24,500 | 24,500 | 0.23% |
CG PARENT INTERMEDIATE HOLDINGS, INC. (Colibri Group) | Consumer Services | Preferred Equity | 13.75% PIK | $2,000 | 1,940 | 2,159 | 0.02% |
CLUB CAR WASH PREFERRED, LLC (Wildcat Car Wash) | Consumer Services | Preferred Equity | 15.00% PIK | $20,120 | 20,120 | 20,120 | 0.19% |
Club Car Wash Operating, LLC (Club Car Wash) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.00% | $77,136 | 62,171 | 63,159 | 0.59% |
Express Wash Concepts, LLC (Express Wash Concepts) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.00% | $73,568 | 73,129 | 73,813 | 0.68% |
Grant Thornton LLP (Grant Thornton) | Consumer Services | 1st Lien Senior Secured Debt | SF + 3.25% | $3,750 | 3,750 | 3,779 | 0.04% |
Houghton Mifflin Harcourt Company (Houghton Mifflin Harcourt Publishers Inc.) | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.25% | $25,187 | 24,635 | 24,508 | 0.23% |
IXM Holdings, Inc. (Impact) | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $22,342 | 18,830 | 19,322 | 0.18% |
KUEHG Corp. (Kinder Care) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.50% | $3,837 | 3,827 | 3,858 | 0.04% |
Learning Care Group, Inc. (Learning Care Group) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.00% | $1,990 | 1,965 | 2,003 | 0.02% |
Mckissock Investment Holdings, LLC (Colibri Group) | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.00% | $59,168 | 58,025 | 59,580 | 0.55% |
Polyconcept North America Holdings, Inc | Consumer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $22,951 | 22,609 | 22,589 | 0.21% |
RAPID EXPRESS PREFERRED, LLC (Wildcat Car Wash) | Consumer Services | Preferred Equity | 15.00% PIK | $7,937 | 7,937 | 7,937 | 0.07% |
SPOTLESS BRANDS, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 6.50% | $147,666 | 143,502 | 146,438 | 1.36% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | SF + 7.00% | $2,110 | 2,103 | 197 | 0.00% |
Thrasio LLC (Thras IO Inc) | Consumer Services | 1st Lien Senior Secured Debt | SF + 8.00% | $1,070 | 1,065 | 1,068 | 0.01% |
TruGreen Limited Partnership (Tru Green LP) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.00% | $8,553 | 8,476 | 8,082 | 0.07% |
WMB Holdings Inc (Corporation Service Company) | Consumer Services | 1st Lien Senior Secured Debt | SF + 2.75% | $1,714 | 1,674 | 1,724 | 0.02% |
Wildcat Car Wash Holdings, LLC (Wildcat Car Wash) | Consumer Services | Unsecured Debt | 15.00% PIK | $14,237 | 14,237 | 14,237 | 0.13% |
Zips Car Wash, LLC | Consumer Services | 1st Lien Senior Secured Debt | SF + 7.25% (incl 1.50% PIK) | $42,410 | 42,406 | 41,637 | 0.39% |
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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 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.