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
Eagle LNG Partners Jacksonville II LLC (Eagle LNG Partners) Oil, Gas & Consumable Fuels Equity and other investments $0 0 - 0.00%
Southern Graphics Holdings LLC (Southern Graphics Inc.) Commercial Services & Supplies Equity and other investments $0 2,333 1,467 0.01%
Thrasio Holdings, Inc. (Thras IO Inc) Broadline Retail Equity and other investments $19 0 - 0.00%
ULTRA III, LLC (Unitranche Holdings III, LLC) Investments in Joint Ventures Joint Ventures $750,000 402,400 416,244 1.64%
Chord Searchlight, L.P Entertainment Other Secured Debt S +6.25% PIK $111,493 83,778 84,609 0.33%
Chord Searchlight, L.P Entertainment Other Secured Debt S + 6.25% $76,007 -1,140 -485 0.00%
Inflexion BFVI Financing Limited Asset Based Lending and Fund Finance Other Secured Debt SN +4.50% PIK £41,244 54,671 55,293 0.22%
Link Apartments Opportunity Zone REIT, LLC Real Estate Management & Development Other Secured Debt S + 7.50% $25,725 23,023 23,209 0.09%
Shelley Midco 1 Pty Ltd (QMS Media) Media Other Secured Debt 13.50% PIK AUD 1,522 984 1,011 0.00%
Solis Finco (Softway Medical SA) Software Other Secured Debt E +7.75% PIK €7,891 9,043 9,114 0.04%
Stanford Midco Limited (Ocorian) Financial Services Other Secured Debt SN + 10.00% £16,916 22,224 22,552 0.09%
TPG VIII Merlin New Holdings I, L.P. (DirecTV) Asset Based Lending and Fund Finance Other Secured Debt S + 6.50% $31,601 31,348 31,461 0.12%
Ark Newco Limited (Away Resorts) Hotels, Restaurants & Leisure Preferred Equity £7,884 10,210 9,688 0.04%
BCPE Virginia Holdco, Inc. (Guidehouse Inc.) Professional Services Preferred Equity 13.75% Preferred Return $2,000 1,960 2,691 0.01%
CCI Topco, Inc. (Consumer Cellular) Wireless Telecommunication Services Preferred Equity 12.00% Preferred Return $2,000 1,960 2,184 0.01%
CG Parent Intermediate Holdings, Inc. (Colibri Group) Diversified Consumer Services Preferred Equity 13.75% Preferred Return $2,000 1,940 2,662 0.01%
Club Car Wash Preferred, LLC (Wildcat Car Wash) Diversified Consumer Services Preferred Equity 15.00% PIK $25,415 25,415 25,415 0.10%
Femur Holdings LP (Orchid Orthopedic Solutions, LLC) Health Care Equipment & Supplies Preferred Equity $36,600 35,905 24,591 0.10%
Lava Topco, Inc. (Avalara) Software Preferred Equity 7.50% Preferred Return $2,000 2,000 2,000 0.01%
NE SPV Holdco, LLC (New Era Technology, Inc.) IT Services Preferred Equity $7,185 5,239 3,437 0.01%
OneTeam Partners, LLC (OneTeam Partners) Media Preferred Equity 8.00% $947 947 1,221 0.00%
Rapid Express Preferred, LLC (Wildcat Car Wash) Diversified Consumer Services Preferred Equity 15.00% PIK $10,025 10,025 10,025 0.04%
The ONE Group Hospitality, Inc. (The One Group, LLC) Hotels, Restaurants & Leisure Preferred Equity 13.00% Preferred Return $1,000 877 1,134 0.00%
ABPCI Direct Lending Fund CLO XVII LLC (ABPCI Direct Lending Fund CLO) Structured Finance Structured Finance investments S + 8.00% $3,500 3,518 3,545 0.01%
Rad CLO Ltd Structured Finance Structured Finance investments S + 6.51% $2,500 2,504 2,445 0.01%

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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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