Portfolio

HLEND seeks to build a diversified portfolio of senior secured private credit investments in resilient, market-leading, upper-middle market companies that operate primarily in non-cyclical sectors.

Data as of May 31, 2025

$19.9B

Investments at Fair Value

10.0%

Portfolio Yield at Fair Value1

91%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$229M

Weighted Average EBITDA5

Portfolio Companies89

Clear Filters
Company Name
Industry
Investment Type
Reference Rate & Spread11
Par Amount (thousands)
Amortized Cost (thousands)
Fair Value (thousands)
% of Total Portfolio
Lummus Technology Holdings V LLC (Lummus Technology) Chemicals 1st Lien Senior Secured Debt SF + 3.00% $25,040 24,835 25,144 0.13%
Project Alpha Intermediate Holding, Inc. (Qlik Technologies Inc) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $25,092 24,811 25,197 0.13%
Spruce Bidco II Inc. (Vantive) Medical Equipment and Services 1st Lien Senior Secured Debt T + 5.25% ¥3,744,213 23,831 25,515 0.13%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt N + 5.50% (incl 2.25% PIK) NOK 266,362 24,767 25,802 0.13%
PF Finco PTY LTD (Hunter Premium Funding) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt B + 6.25% AUD 47,560 26,291 26,290 0.13%
Calabrio, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 5.50% $28,081 26,508 26,545 0.13%
Sig Parent Holdings, LLC (Sunstar Insurance Group LLC) Non-life Insurance 1st Lien Senior Secured Debt SF + 5.00% $44,589 26,906 26,810 0.13%
IP Operating Portfolio I, LLC (Intersect Power) Electricity 1st Lien Senior Secured Debt 7.88% $27,119 26,730 26,827 0.13%
Inflexion BFVI Financing Limited Asset Based Lending and Fund Finance Other Secured Debt SN +4.50% PIK £39,608 26,472 26,890 0.14%
Alchemy US Holdco 1 LLC (Kymera International) Industrial Metals and Mining 1st Lien Senior Secured Debt E + 6.50% € 25,444 26,531 27,815 0.14%
Staples, Inc. (Staples Inc) Retailers 1st Lien Senior Secured Debt SF + 5.75% $31,030 29,844 27,844 0.14%
Spanx, LLC Personal Goods 1st Lien Senior Secured Debt SF + 5.25% $29,025 28,724 29,025 0.15%
Technology Growth Capital Pty Ltd (Nitro Software Inc) Software and Computer Services 1st Lien Senior Secured Debt SF + 6.50% $30,127 29,424 29,812 0.15%
Montagu Lux Finco Sarl Asset Based Lending and Fund Finance 1st Lien Senior Secured Debt E + 5.50% € 65,158 28,232 30,344 0.15%
Travelex Issuerco 2 PLC (Travelex) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SN + 8.00% £22,377 26,667 30,937 0.16%
Denali Bidco Limited (Once For All) Software and Computer Services 1st Lien Senior Secured Debt SN + 5.00% £37,822 28,548 31,329 0.16%
ASDAM Operations Pty Ltd Aerospace and Defense 1st Lien Senior Secured Debt B + 5.50% AUD 50,593 32,767 31,428 0.16%
Higginbotham Insurance Agency Inc (Higginbotham Insurance Agency, Inc.) Non-life Insurance 1st Lien Senior Secured Debt SF + 4.50% $31,884 31,661 31,884 0.16%
Aesthetics Australia Group Pty Ltd (Laser Clinics Group) Consumer Services 1st Lien Senior Secured Debt B + 8.31% (incl 4.06% PIK) AUD 57,807 36,805 32,979 0.17%
Renaissance Financiere (Ligue de Football) Media 1st Lien Senior Secured Debt E + 7.00% € 34,871 35,688 33,312 0.17%
MAI Capital Management Intermediate LLC (MAI Capital Management) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SF + 4.75% $50,000 33,597 33,590 0.17%
Oranje Holdco, Inc. (KnowBe4, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 7.75% $33,837 33,320 33,837 0.17%
Railpros Parent LLC Industrial Support Services 1st Lien Senior Secured Debt SF + 4.50% $50,925 34,325 34,325 0.17%
Orthrus Limited (Ocorian) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt E + 6.25% (incl 2.75% PIK) € 30,863 32,148 34,382 0.17%
AI Learning (Singapore) PTE. LTD. (The Learning Lab) Consumer Services 1st Lien Senior Secured Debt SORA + 7.50% SDG 45,400 33,057 35,217 0.18%

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Footnotes

  1. 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). Actual yields earned over the life of each investment could differ materially from the yields presented above. Please refer to HLEND’s prospectus and filings, including Form 10-Q or Form 10-K for fair value disclosures.
  2. 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. Private investments includes investments in joint ventures.
  3. Based on the aggregate fair value of the investment portfolio as of May 31, 2025.
  4. Percentage based on aggregate fair value of accruing debt.
  5. Calculated with respect to all level 3 investments (or, with respect to weighted average loan to value, all level 3 debt investments) in the investment portfolio for which fair value is determined by the Investment Adviser (in its capacity as the investment adviser of HLEND, with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees), and excludes quoted assets and investments in joint ventures. In the case of weighted average EBITDA only, excludes investments with no reported EBITDA or where EBITDA, in the Investment Adviser’s judgement made in its discretion, was not a material component of the original investment thesis, such as loan-to-value-based loans, NAV-based loans or reorganized equity. Weighted average EBITDA is weighted based on the fair value of the total applicable level 3 investments. Loan to value is calculated as net debt through each respective investment tranche in which HLEND holds an investment divided by enterprise value or value of underlying collateral of the portfolio company. Weighted average loan to value is weighted based on the fair value of the total applicable level 3 debt investments. Excludes investments on non-accrual status as of October 31, 2024. Figures are derived from the most recent financial statements from portfolio companies.
  6. Includes “last out” portions of first lien senior secured loans.
  7. Secured debt at the holding company level.
  8. Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
  9. All figures are as of May 31, 2025 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.
  10. Other includes structured finance investments.
  11. PIK rates on preferred equity investments may represent preference accruals that are not recognized through NII of the fund and as such are not included in the calculation of yield.

Important Notice

This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where HPS Corporate Lending Fund (“HLEND”) is authorized for distribution.

Complete information about investing in shares of HLEND is available in the prospectus. An investment in HLEND involves risks.

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