Portfolio Companies8,9
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Voya CLO Ltd | Structured Finance | Structured Finance investments | SF + 3.81% | $1,500 | 1,352 | 1,507 | 0.01% |
Newfold Digital Holdings Group Inc (Endure Digital, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.50% | $1,784 | 1,777 | 1,601 | 0.01% |
Alera Group, Inc. | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 5.75% | $5,193 | 1,535 | 1,634 | 0.01% |
Corp Service Co (Corporation Service Company) | Consumer Services | 1st Lien Senior Secured Debt | SF + 2.50% | $1,673 | 1,635 | 1,678 | 0.01% |
Riley MergeCo LLC (Riskalyze, Inc.) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $2,111 | 1,781 | 1,806 | 0.01% |
Marble Point CLO XI Ltd | Structured Finance | Structured Finance investments | SF + 3.06% | $1,850 | 1,595 | 1,827 | 0.01% |
Southern Graphics Inc. | Industrial Support Services | 2nd Lien Senior Secured Debt | SF + 7.50% PIK | $1,932 | 1,881 | 1,932 | 0.02% |
Columbia Cent CLO 33 Ltd (Cent CLO LP) | Structured Finance | Structured Finance investments | SF + 7.16% | $2,000 | 1,961 | 1,990 | 0.02% |
Learning Care Group, Inc. (Learning Care Group) | Consumer Services | 1st Lien Senior Secured Debt | SF + 4.00% | $1,985 | 1,961 | 1,996 | 0.02% |
Jam City, Inc. | Leisure Goods | 1st Lien Senior Secured Debt | SF + 7.00% | $1,981 | 1,971 | 2,001 | 0.02% |
Bain Capital Credit CLO 2024-3 Ltd (Bain Capital Credit CLO, Limit) | Structured Finance | Structured Finance investments | SF + 6.25% | $2,000 | 2,000 | 2,008 | 0.02% |
Elements Midco 1 Limited (IRIS Software) | Software and Computer Services | Unsecured Debt | SN + 8.00% (incl 8.00% PIK) | £1,635 | 2,008 | 2,095 | 0.02% |
Dryden 108 CLO Ltd (Dryden Senior Loan Fund) | Structured Finance | Structured Finance investments | $2,900 | 2,291 | 2,197 | 0.02% | |
CG PARENT INTERMEDIATE HOLDINGS, INC. (Colibri Group) | Consumer Services | Preferred Equity | 13.75% PIK | $2,000 | 1,940 | 2,220 | 0.02% |
BCPE VIRGINIA HOLDCO, INC. (Guidehouse Inc.) | Industrial Support Services | Preferred Equity | 13.75% PIK | $2,000 | 1,960 | 2,247 | 0.02% |
Proofpoint, Inc. (Proofpoint Inc) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 3.00% | $2,378 | 2,378 | 2,383 | 0.02% |
Rad CLO Ltd | Structured Finance | Structured Finance investments | SF + 6.51% | $2,500 | 2,504 | 2,496 | 0.02% |
Monroe Capital MML CLO XIV LLC (Monroe Capital MML CLO) | Structured Finance | Structured Finance investments | SF + 10.02% | $2,500 | 2,351 | 2,500 | 0.02% |
Higginbotham Insurance Agency Inc (HIGGINBOTHAM INSURANCE AGENCY, INC.) | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 4.75% | $14,334 | 2,365 | 2,501 | 0.02% |
Tenet Healthcare Corp | Health Care Providers | 1st Lien Senior Secured Debt | 5.13% | $2,695 | 2,719 | 2,674 | 0.02% |
Southern Graphics Holdings LLC (Southern Graphics Inc.) | Industrial Support Services | Equity and other investments | $0 | 2,333 | 2,814 | 0.02% | |
Allied Universal Holdco LLC (Allied Universal) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 3.75% | $2,986 | 2,979 | 2,971 | 0.02% |
Octagon Investment Partners 29 Ltd (Octagon Investment Partners 29) | Structured Finance | Structured Finance investments | SF + 7.17% | $3,000 | 2,985 | 2,996 | 0.02% |
Oaktree CLO 2019-4 Ltd | Structured Finance | Structured Finance investments | SF + 6.59% | $3,000 | 2,970 | 2,999 | 0.02% |
Shackleton 2019-XV CLO Ltd (Shackleton CLO LTD) | Structured Finance | Structured Finance investments | SF + 6.92% | $3,000 | 2,677 | 3,014 | 0.02% |
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Footnotes
- 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.
- 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.
- Based on the aggregate fair value of the investment portfolio as of August 31, 2024.
- Percentage based on aggregate fair value of accruing debt.
- 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 August 31, 2024. Figures are derived from the most recent financial statements from portfolio companies.
- Secured debt at the holding company level.
- Other includes structured finance investments.
- Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
- All figures are as of August 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments. Totals may not sum due to rounding.