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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 September 30, 2025

$23.8B

Investments at Fair Value

9.7%

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
Madonna Bidco Ltd (Isio) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SN + 5.25% £61,566 65,572 70,278 0.29%
Medallia Inc (Medallia, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 6.50% (incl 4.00% PIK) $82,387 82,387 70,043 0.29%
Camin Cargo Control Holdings, Inc. (Camin Cargo) Oil, Gas and Coal 1st Lien Senior Secured Debt SF + 5.50% $73,112 65,219 66,122 0.28%
Chord Searchlight, L.P Media Other Secured Debt SF +6.25% PIK $110,725 67,791 67,808 0.28%
Elements Finco Limited (IRIS Software) Software and Computer Services 1st Lien Senior Secured Debt SN + 5.50% (incl 2.50% PIK) £49,140 61,295 66,059 0.28%
Enverus Holdings Inc (Enverus) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.50% $71,740 65,418 66,180 0.28%
Integrity Marketing Acquisition LLC (Integrity Marketing Group) Non-life Insurance 1st Lien Senior Secured Debt SF + 5.00% $67,533 65,536 65,850 0.28%
Marcone Group Inc (Marcone Supply) General Industrials 1st Lien Senior Secured Debt SF + 7.00% (incl 3.25% PIK) $80,793 80,300 67,406 0.28%
Yes Energy LLC Finance and Credit Services 1st Lien Senior Secured Debt SF + 4.75% $71,284 67,255 67,866 0.28%
Netrisk Group Luxco 4 S.A.R.L. (Netrisk) Non-life Insurance 1st Lien Senior Secured Debt E + 5.25% € 57,650 55,810 63,223 0.27%
Tango Bidco SAS (Orisha) Software and Computer Services 1st Lien Senior Secured Debt E + 5.25% € 58,404 56,395 62,550 0.26%
Constellation Automotive Limited (BCA) Retailers 1st Lien Senior Secured Debt SN + 6.25% £43,803 56,523 58,458 0.25%
Crunch Holdings LLC (Crunch Fitness) Travel and Leisure 1st Lien Senior Secured Debt SF + 4.75% $66,422 58,184 58,661 0.25%
Puma Buyer LLC (Pantherx Rare) Personal Care, Drug and Grocery Stores 1st Lien Senior Secured Debt SF + 4.25% $59,685 59,270 59,685 0.25%
TruckPro, LLC Industrial Support Services 1st Lien Senior Secured Debt SF + 7.75% $66,027 64,889 59,985 0.25%
Vaxcare Intermediate II LLC (VaxCare) Health Care Providers 1st Lien Senior Secured Debt SF + 4.50% $71,692 59,019 59,608 0.25%
ASSOCIATIONS INC. Real Estate Investment and Services 1st Lien Senior Secured Debt SF + 6.50% $62,898 56,723 57,359 0.24%
American Academy Holdings, LLC (American Academy of Professional Coders) Consumer Services 1st Lien Senior Secured Debt SF + 9.75% (incl 5.25% PIK) $58,278 58,278 57,656 0.24%
BLY US Holdings Inc. (Boart Longyear Management) Industrial Metals and Mining 1st Lien Senior Secured Debt SF + 6.00% $58,039 57,003 56,639 0.24%
Boreal Bidco (Esker SA) Software and Computer Services 1st Lien Senior Secured Debt E + 7.25% (incl 5.75% PIK) € 50,412 53,256 58,113 0.24%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 9.25% (incl 4.75% PIK) € 48,964 53,465 56,609 0.24%
123Dentist Inc (123Dentist Inc.) Health Care Providers 1st Lien Senior Secured Debt CORRA + 5.00% CAD 80,092 56,917 54,482 0.23%
Inflexion BFVI Financing Limited Asset Based Lending and Fund Finance Other Secured Debt SN +4.50% PIK £40,290 53,345 53,790 0.23%
Ribbon Communications Operating Company, Inc Telecommunications Equipment 1st Lien Senior Secured Debt SF + 6.25% $61,710 54,427 55,872 0.23%
West Star Aviation Acquisition, LLC (West Star Aviation) Aerospace and Defense 1st Lien Senior Secured Debt SF + 4.50% $71,582 54,010 54,666 0.23%

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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 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.

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