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 December 31, 2025

$25.3B

Investments at Fair Value

9.4%

Portfolio Yield at Fair Value1

93%

Private Investments2

96%

First Lien Exposure3

99%

Floating Rate4

$255M

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
Endeavor Operating Co LLC (Endeavor) Entertainment 1st Lien Senior Secured Debt S + 3.00% $8,178 8,142 8,235 0.03%
Global Music Rights, LLC Entertainment 1st Lien Senior Secured Debt S + 4.50% $439,167 435,414 443,559 1.75%
Global Music Rights, LLC Entertainment 1st Lien Senior Secured Debt S + 4.75% $46,796 -399 - 0.00%
Camin Cargo Control Holdings, Inc. (Camin Cargo) Energy Equipment & Services 1st Lien Senior Secured Debt S + 5.50% $82,635 74,028 72,426 0.29%
Bright Light Buyer, Inc. (Chauvet Lighting) Electronic Equipment, Instruments & Components 1st Lien Senior Secured Debt S + 6.00% $72,096 70,940 72,096 0.28%
CC WDW Borrower, Inc. (Advantek, LLC) Electronic Equipment, Instruments & Components 1st Lien Senior Secured Debt S + 6.75% $51,606 49,156 49,685 0.20%
Dwyer Instruments Inc Electronic Equipment, Instruments & Components 1st Lien Senior Secured Debt S + 4.75% $143,874 130,453 131,568 0.52%
Hobbs & Associates LLC (Air Control) Electronic Equipment, Instruments & Components 1st Lien Senior Secured Debt S + 2.75% $15,358 15,306 15,375 0.06%
Arcline FM Holdings LLC (Fairbanks Morse Defense) Electrical Equipment 1st Lien Senior Secured Debt S + 2.75% $18,109 18,109 18,207 0.07%
Truck-Lite Co, LLC (Clarience Technologies) Electrical Equipment 1st Lien Senior Secured Debt S + 4.75% $130,352 107,232 109,129 0.43%
Truck-Lite Co, LLC (Clarience Technologies) Electrical Equipment 1st Lien Senior Secured Debt S + 5.75% $28,276 -399 - 0.00%
Cricket Valley Energy Center LLC Electric Utilities 1st Lien Senior Secured Debt S + 5.00% $78,705 76,941 77,049 0.30%
Meriplex Communications, LTD Diversified Telecommunication Services 1st Lien Senior Secured Debt S + 5.00% $17,600 17,488 17,123 0.07%
AI Learning (Singapore) PTE. LTD. (The Learning Lab) Diversified Consumer Services 1st Lien Senior Secured Debt SORA + 7.50% SGD 45,400 33,198 34,946 0.14%
Aesthetics Australia Group Pty Ltd (Laser Clinics Group) Diversified Consumer Services 1st Lien Senior Secured Debt B + 7.50% AUD 61,678 39,547 33,405 0.13%
American Academy Holdings, LLC (American Academy of Professional Coders) Diversified Consumer Services 1st Lien Senior Secured Debt S + 9.75% (incl 5.25% PIK) $58,857 58,857 58,433 0.23%
Express Wash Concepts, LLC (Express Wash Concepts) Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.00% $72,263 72,067 72,526 0.29%
Houghton Mifflin Harcourt Company (Houghton Mifflin Harcourt Publishers Inc.) Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.25% $24,739 24,374 21,897 0.09%
IXM Holdings, Inc. (Impact) Diversified Consumer Services 1st Lien Senior Secured Debt S + 6.50% $24,856 21,848 22,104 0.09%
Learning Care Group, Inc. (Learning Care Group) Diversified Consumer Services 1st Lien Senior Secured Debt S + 4.00% $1,955 1,940 1,637 0.01%
Spotless Brands, LLC Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.75% $145,131 139,720 140,890 0.56%
Spotless Brands, LLC Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.50% $30,855 30,636 30,768 0.12%
TruGreen Limited Partnership (Tru Green LP) Diversified Consumer Services 1st Lien Senior Secured Debt S + 4.00% $8,398 8,358 8,249 0.03%
Wash & Wax Group LP (Zips Car Wash, LLC) Diversified Consumer Services Equity and other investments $6 8,547 6,991 0.03%
Wash & Wax Systems LLC (Zips Car Wash, LLC) Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.50% $15,720 15,062 15,404 0.06%

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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 December 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 MSCI / S&P Global Industry Classification Standard (“GICS”) industry definition. Totals may not sum due to rounding. 
  9. All figures are as of December 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. Contractual rates on preferred equity investments may represent preference accruals that are not recognized through investment income of the fund and as such are not included in the calculation of yield. The fair value of these investments may be influenced by the stated preference accrual or a minimum return threshold.

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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