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 December 31, 2025

$25.3B

Investments at Fair Value

9.4%

Portfolio Yield at Fair Value1

93%

Private Investments2

96%

First Lien Exposure3

99%

Floating Rate4

$255M

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
ABC Technologies Inc (TI Automotive) Automobile Components 1st Lien Senior Secured Debt S + 5.75% $146,538 141,371 141,420 0.56%
Aspen Dental Management Inc. (ADMI Corp) (Aspen Dental Management Inc.) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.75% $845 849 813 0.00%
Auctane Inc (Stamps.com Inc.) Broadline Retail 1st Lien Senior Secured Debt S + 5.75% $24,250 24,250 23,592 0.09%
DigiCert Inc Software 1st Lien Senior Secured Debt S + 5.75% $398,349 354,443 355,412 1.40%
Energos Infrastructure Holdings Finance LLC (F/K/A Floating Infrastructure Holdings Finance LLC) (NFE VesselCo) Gas Utilities 1st Lien Senior Secured Debt S + 5.75% $39,404 39,159 39,404 0.16%
PPV Intermediate Holdings, LLC (VetCor) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.75% $24,252 21,420 21,424 0.08%
Plasma Buyer LLC (Path Group Inc.) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.75% $96,907 91,274 70,494 0.28%
Spotless Brands, LLC Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.75% $145,131 139,720 140,890 0.56%
Staples, Inc. (Staples Inc) Specialty Retail 1st Lien Senior Secured Debt S + 5.75% $30,874 29,856 29,397 0.12%
Truck-Lite Co, LLC (Clarience Technologies) Electrical Equipment 1st Lien Senior Secured Debt S + 5.75% $28,276 -399 - 0.00%
United Musculoskeletal Partners Acquisition Holdings, LLC Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.75% $100,599 99,733 100,124 0.40%
WorkWave Intermediate II, LLC Software 1st Lien Senior Secured Debt S + 5.75% $106,275 94,388 94,528 0.37%
Legends Hospitality Holding Company, LLC (Legends Hospitality, LLC) Hotels, Restaurants & Leisure 1st Lien Senior Secured Debt S + 5.50% (incl 2.75% PIK) $101,982 98,813 99,710 0.39%
Benefit Street Partners CLO XXXVI Ltd (Benefit Street Partners CLO Lt) Structured Finance Structured Finance investments S + 5.50% $4,750 4,750 4,795 0.02%
Diagnostic Services Holdings, Inc. (Rayus Radiology) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.50% $140,658 138,797 138,278 0.55%
Huskies Parent Inc (Insurity LLC) Software 1st Lien Senior Secured Debt S + 5.50% $25,652 24,719 23,646 0.09%
IP Operations II Investco, LLC (IP ERCOT BESS) Independent Power and Renewable Electricity Producers 1st Lien Senior Secured Debt S + 5.50% $24,640 24,297 24,698 0.10%
Kryptona Bidco US, LLC (Kyriba) Software 1st Lien Senior Secured Debt S + 5.50% $16,852 -287 -161 0.00%
MB2 Dental Solutions, LLC Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.50% $243,374 202,755 206,143 0.81%
PTSH Intermediate Holdings, LLC (PT Solutions) Health Care Providers & Services 1st Lien Senior Secured Debt S + 5.50% $24,120 23,952 24,120 0.10%
Palmetto TE Borrower LLC Independent Power and Renewable Electricity Producers 1st Lien Senior Secured Debt S + 5.50% $172,374 170,182 170,179 0.67%
Radwell Parent, LLC Machinery 1st Lien Senior Secured Debt S + 5.50% $163,988 150,450 152,928 0.60%
Spanx, LLC Specialty Retail 1st Lien Senior Secured Debt S + 5.50% $28,800 28,551 22,814 0.09%
Spotless Brands, LLC Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.50% $30,855 30,636 30,768 0.12%
Wash & Wax Systems LLC (Zips Car Wash, LLC) Diversified Consumer Services 1st Lien Senior Secured Debt S + 5.50% $15,720 15,062 15,404 0.06%

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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 December 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 MSCI / S&P Global Industry Classification Standard (“GICS”) industry definition. Totals may not sum due to rounding. 
  9. All figures are as of December 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. 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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