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 June 30, 2025

$20.8B

Investments at Fair Value

10.0%

Portfolio Yield at Fair Value1

91%

Private Investments2

97%

First Lien Exposure3

99%

Floating Rate4

$235M

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
Captive Resources Midco LLC (Captive Resources Midco, LLC) Industrial Support Services 1st Lien Senior Secured Debt SF + 4.50% $91,753 90,745 91,753 0.44%
Einstein Parent Inc (Smartsheet) Software and Computer Services 1st Lien Senior Secured Debt SF + 6.50% $103,808 92,137 91,861 0.44%
IG Investments Holdings, LLC (Insight Global) Industrial Support Services 1st Lien Senior Secured Debt SF + 5.00% $88,456 88,061 88,456 0.43%
Mckissock Investment Holdings LLC (Colibri Group) Consumer Services 1st Lien Senior Secured Debt SF + 5.00% $89,747 88,726 90,027 0.43%
Vital Care Buyer, LLC (Vital Care Inc) Medical Equipment and Services 1st Lien Senior Secured Debt SF + 4.50% $103,533 89,363 90,262 0.43%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt E + 5.00% € 74,735 76,491 86,772 0.42%
W3 TopCo LLC (Total Safety) Industrial Support Services 1st Lien Senior Secured Debt SF + 6.50% $88,775 86,132 86,291 0.42%
Plasma Buyer LLC (Path Group Inc.) Medical Equipment and Services 1st Lien Senior Secured Debt SF + 5.75% $92,243 91,158 84,745 0.41%
Rockefeller Capital Management Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SF + 4.75% $99,438 83,680 84,363 0.41%
Tex-Tech Industries, Inc. Aerospace and Defense 1st Lien Senior Secured Debt SF + 5.00% $116,503 85,939 85,620 0.41%
Chartis Group LLC/The (The Chartis Group, LLC) Industrial Support Services 1st Lien Senior Secured Debt SF + 4.50% $121,144 80,300 82,452 0.40%
Ping Identity Holding Corp. Software and Computer Services 1st Lien Senior Secured Debt SF + 4.75% $90,162 80,629 82,466 0.40%
2080 Media, Inc. (PlayOn Sports) Media 1st Lien Senior Secured Debt SF + 4.75% $89,969 79,179 80,012 0.39%
AI Circle Bidco Limited (myPOS) Industrial Support Services 1st Lien Senior Secured Debt E + 5.75% € 117,797 75,035 80,073 0.39%
Arcfield Acquisition Corp (TigerCub) Aerospace and Defense 1st Lien Senior Secured Debt SF + 5.00% $92,386 81,077 81,486 0.39%
Coretrust Purchasing Group LLC Industrial Support Services 1st Lien Senior Secured Debt SF + 5.25% $106,690 77,978 80,826 0.39%
Orthrus Ltd (Ocorian) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SF + 6.25% (incl 2.75% PIK) $82,114 80,812 80,706 0.39%
Coupa Holdings, LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $85,190 77,650 79,769 0.38%
OEConnection LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 5.25% $78,632 77,975 78,731 0.38%
Omega II AB (Fortnox AB) Software and Computer Services 1st Lien Senior Secured Debt ST + 4.75% SEK 1,199,050 77,609 79,164 0.38%
SUGAR PPC BUYER LLC (Sugar Foods Corporation) Food Producers 1st Lien Senior Secured Debt SF + 5.25% $89,610 78,068 79,478 0.38%
Cricket Valley Energy Center LLC Electricity 1st Lien Senior Secured Debt SF + 5.00% $79,100 77,128 77,127 0.37%
Limpio Bidco GMBH (Schülke & Mayr) Medical Equipment and Services 1st Lien Senior Secured Debt E + 5.20% € 63,783 66,041 76,373 0.37%
Bamboo US BidCo LLC (Simtra BioPharma Solutions) Medical Equipment and Services 1st Lien Senior Secured Debt E + 5.25% € 62,798 64,991 74,001 0.36%
Pareto Health Intermediate Holdings, Inc. Health Care Providers 1st Lien Senior Secured Debt SF + 4.75% $75,349 74,190 74,600 0.36%

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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 June 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 June 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.