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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
AI Grace Aus Bidco Pty Ltd (Zimmermann) Retailers 1st Lien Senior Secured Debt E + 5.25% € 21,626 22,796 24,504 0.12%
Bamboo US BidCo LLC (Simtra BioPharma Solutions) Medical Equipment and Services 1st Lien Senior Secured Debt E + 5.25% € 62,952 65,128 71,455 0.36%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 5.25% € 5,188 (81) (66) 0.00%
Dolcetto HoldCo S.P.A. (Doc Generici S.r.l.) Pharmaceuticals and Biotechnology 1st Lien Senior Secured Debt E + 5.50% € 95,616 94,481 108,307 0.54%
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%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 5.50% (incl 2.25% PIK) € 33,218 36,205 37,285 0.19%
Netrisk Group Luxco 4 S.A.R.L. (Netrisk) Non-life Insurance 1st Lien Senior Secured Debt E + 5.50% (incl 2.50% PIK) € 9,744 (152) (195) 0.00%
AI Circle Bidco Limited (myPOS) Industrial Support Services 1st Lien Senior Secured Debt E + 5.75% € 117,797 75,002 80,644 0.40%
Capripack Debtco PLC (Constantia) General Industrials 1st Lien Senior Secured Debt E + 5.75% (incl 2.50% PIK) € 142,957 148,671 162,271 0.81%
Constellation Automotive Limited (BCA) Retailers 1st Lien Senior Secured Debt E + 6.25% € 18,107 19,677 20,253 0.10%
DAPHNE S.P.A. (Dainese) Personal Goods 1st Lien Senior Secured Debt E + 6.25% € 45,354 47,923 36,254 0.18%
E.S.G. Movilidad, S.L.U. (EYSA) Industrial Transportation 1st Lien Senior Secured Debt E + 6.25% € 41,605 35,436 38,291 0.19%
Enstall Group B.V. (f/k/a Esdec Solar Group B.V.) (Esdec) Construction and Materials 1st Lien Senior Secured Debt E + 6.25% € 67,918 71,236 60,970 0.31%
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%
Kryptona Bidco US, LLC (Kyriba) Software and Computer Services 1st Lien Senior Secured Debt E + 6.25% (incl 3.38% PIK) € 35,949 36,598 39,948 0.20%
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%
Time Manufacturing Company Industrial Engineering 1st Lien Senior Secured Debt E + 6.50% (incl 2.00% PIK) € 13,328 14,563 12,258 0.06%
DAPHNE S.P.A. (Dainese) Personal Goods 1st Lien Senior Secured Debt E + 6.75% € 3,978 (106) (1,336) -0.01%
DIA Finance S.L.U. (Distribuidora Internacional de Alimentación, S.A.) Personal Care, Drug and Grocery Stores 1st Lien Senior Secured Debt E + 6.75% € 170,600 172,987 188,167 0.94%
Artisan Bidco, Inc. (Avid Technology, Inc.) Software and Computer Services 1st Lien Senior Secured Debt E + 7.00% € 18,381 19,298 20,438 0.10%
Renaissance Financiere (Ligue de Football) Media 1st Lien Senior Secured Debt E + 7.00% € 34,871 35,688 33,312 0.17%
Boreal Bidco (Esker SA) Software and Computer Services 1st Lien Senior Secured Debt E + 7.25% (incl 5.75% PIK) € 53,323 51,398 54,259 0.27%
Havila Kystruten Operations AS (Havila Kystruten) Travel and Leisure 1st Lien Senior Secured Debt E + 9.00% (incl 2.00% PIK) € 19,449 21,555 23,195 0.12%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 9.00% (incl 4.75% PIK) € 47,816 52,085 53,795 0.27%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt N + 5.00% NOK 231,454 19,930 22,315 0.11%

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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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