Please join us for the HPS Corporate Lending Fund Third Quarter 2025 Shareholder Update Webcast

Click Here

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 September 30, 2025

$23.8B

Investments at Fair Value

9.8%

Portfolio Yield at Fair Value1

92%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$249M

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
AMMC CLO 21 LTD (American Money Management Corp) Structured Finance Structured Finance investments SF + 6.76% $4,126 3,783 4,157 0.02%
Alp CFO 2025, L.P. Structured Finance Structured Finance investments 9.44% $12,500 12,500 12,500 0.05%
Rad CLO Ltd Structured Finance Structured Finance investments SF + 6.51% $2,500 2,504 2,522 0.01%
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) Structured Finance Structured Finance investments SF + 6.92% $3,000 2,724 3,023 0.01%
Voya CLO Ltd Structured Finance Structured Finance investments SF + 6.00% $4,000 4,000 4,042 0.02%
Calabrio, Inc. (Verint/Calabrio) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.50% $27,953 26,387 26,417 0.11%
Central Parent LLC (CDK Global) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $20,097 20,043 17,435 0.07%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt 6.50% $7,740 7,033 7,816 0.03%
Coupa Holdings, LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $84,991 77,527 79,568 0.33%
Coupa Holdings, LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.50% $7,123 (107) 71 0.00%
Delta Topco, Inc. (Infoblox) Software and Computer Services 1st Lien Senior Secured Debt SF + 2.75% $19,052 19,002 18,870 0.08%
OEConnection LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $78,434 77,806 78,695 0.33%
OEConnection LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.00% $7,338 (58) 24 0.00%
Omega II AB (Fortnox AB) Software and Computer Services 1st Lien Senior Secured Debt ST + 4.75% SEK 1,199,050 97,031 100,750 0.42%
Onesource Virtual, Inc. Software and Computer Services 1st Lien Senior Secured Debt SF + 4.75% $198,075 170,452 174,484 0.73%
Ping Identity Holding Corp. Software and Computer Services 1st Lien Senior Secured Debt SF + 4.75% $89,956 80,487 82,258 0.35%
Prism Parent Co., Inc. (Unison Software) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.00% $46,354 43,296 43,762 0.18%
Project Alpha Intermediate Holding, Inc. (Qlik Technologies Inc) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $24,966 24,704 25,064 0.11%
QBS Parent Inc (Quorum Software) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $43,346 39,336 39,663 0.17%
Quail Buyer, Inc. (Quicken Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.00% $29,978 29,723 29,978 0.13%
Red Planet Borrower, LLC (Liftoff / Vungle) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.00% $5,487 5,433 5,350 0.02%
Riley MergeCo LLC (Riskalyze, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 7.75% $1,984 1,771 1,672 0.01%
Rocket Software Inc (Rocket Software) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.75% $12,166 11,915 12,207 0.05%
Severin Acquisition LLC (Powerschool Holdings, LLC) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.75% $44,454 (381) - 0.00%
Severin Acquisition LLC (Powerschool Holdings, LLC) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.00% (incl 2.25% PIK) $366,992 311,434 314,565 1.32%

Engage with HLEND

Start Here

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 September 30, 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 September 30, 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.

Download Prospectus

I acknowledge that (i) I have received the Prospectus and (ii) either (a) I am a United States resident or (b) I have otherwise received authorization from HLEND or my broker-dealer/registered investment advisor to access the contents of this website.

By selecting a country or state from the above list, you certify that you are resident in that country or state.

Leave Site