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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
Creek Feeder, L.P. (Catalent Inc.) Pharmaceuticals and Biotechnology Equity and other investments $9,000 9,000 9,000 0.05%
Creek Parent, Inc. (Catalent Inc.) Pharmaceuticals and Biotechnology 1st Lien Senior Secured Debt SF + 5.25% $145,254 120,654 120,880 0.61%
Currahee Borrower Sub LLC (CohnReznick) Industrial Support Services 1st Lien Senior Secured Debt SF + 4.00% $11,648 9,401 9,473 0.05%
DAPHNE S.P.A. (Dainese) Personal Goods 1st Lien Senior Secured Debt E + 6.25% € 45,354 47,923 36,254 0.18%
DAPHNE S.P.A. (Dainese) Personal Goods 1st Lien Senior Secured Debt E + 6.75% € 3,978 (106) (1,336) -0.01%
DCA Acquisition Holdings LLC (Dental Care Alliance) Medical Equipment and Services Unsecured Debt 13.13% PIK $1,505 1,484 754 0.00%
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%
DRW Holdings LLC Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SF + 3.50% $13,342 13,282 13,367 0.07%
Databricks Inc (Databricks) Software and Computer Services 1st Lien Senior Secured Debt SF + 4.50% $168,074 136,676 136,037 0.68%
Dechra Finance US LLC (Dechra) Pharmaceuticals and Biotechnology 1st Lien Senior Secured Debt SF + 3.25% $4,167 4,157 4,146 0.02%
Delta Topco, Inc. (Infoblox) Software and Computer Services 1st Lien Senior Secured Debt SF + 2.75% $19,100 19,045 19,019 0.10%
Denali Bidco Limited (Once For All) Software and Computer Services 1st Lien Senior Secured Debt SN + 5.00% £37,822 28,548 31,329 0.16%
Denali Bidco Limited (Once For All) Software and Computer Services 1st Lien Senior Secured Debt E + 5.00% € 32,099 33,728 36,435 0.18%
Diagnostic Services Holdings, Inc. (Rayus Radiology) Health Care Providers 1st Lien Senior Secured Debt SF + 5.50% $140,920 138,887 138,778 0.70%
Directv Financing, LLC Telecommunications Service Providers 1st Lien Senior Secured Debt SF + 5.00% $2,297 2,275 2,309 0.01%
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%
Dryden 108 CLO Ltd (Dryden Senior Loan Fund) Structured Finance Structured Finance investments $2,900 2,291 1,932 0.01%
Dwyer Instruments Inc Electronic and Electrical Equipment 1st Lien Senior Secured Debt SF + 4.75% $144,751 112,421 112,431 0.56%
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%
EIS Legacy Holdco, LLC (EIS Inc) Industrial Support Services 1st Lien Senior Secured Debt SF + 4.75% $107,953 69,407 69,414 0.35%
EISNER ADVISORY GROUP LLC Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SF + 4.00% $8,566 8,496 8,606 0.04%
ELNG Equity LLC (Eagle LNG Partners) Gas, Water and Multi-utilities Equity and other investments $78 - - 0.00%
ERC Topco Holdings, LLC (Eating Recovery Center) Health Care Providers 1st Lien Senior Secured Debt SF + 5.50% $1,561 1,041 1,115 0.01%
ERC Topco Holdings, LLC (Eating Recovery Center) Health Care Providers 1st Lien Senior Secured Debt SF + 6.50% PIK $7,055 7,055 7,055 0.04%
ESPRESSO BIDCO INC. (Egnyte Inc) Software and Computer Services 1st Lien Senior Secured Debt SF + 5.75% (incl 3.13% PIK) $66,093 50,792 50,794 0.26%

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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.