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 October 31, 2025

$24.9B

Investments at Fair Value

9.6%

Portfolio Yield at Fair Value1

93%

Private Investments2

96%

First Lien Exposure3

99%

Floating Rate4

$242M

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
American Academy Holdings, LLC (American Academy of Professional Coders) Consumer Services 1st Lien Senior Secured Debt S + 9.75% (incl 5.25% PIK) $58,077 58,077 57,624 0.23%
Associations Inc. Real Estate Investment and Services 1st Lien Senior Secured Debt S + 6.50% $62,898 56,944 56,983 0.23%
BLY US Holdings Inc. (Boart Longyear Management) Industrial Metals and Mining 1st Lien Senior Secured Debt S + 6.00% $58,039 57,052 56,748 0.23%
Cadence - Southwick, Inc. (Cadence Engines) Aerospace and Defense 1st Lien Senior Secured Debt S + 4.75% $61,316 52,565 53,948 0.22%
Meralm Bidco AB (Miss Group) Software and Computer Services 1st Lien Senior Secured Debt E + 9.25% (incl 4.75% PIK) € 48,964 53,483 55,625 0.22%
Ribbon Communications Operating Company, Inc Telecommunications Equipment 1st Lien Senior Secured Debt S + 6.25% $61,710 54,469 55,915 0.22%
West Star Aviation Acquisition, LLC (West Star Aviation) Aerospace and Defense 1st Lien Senior Secured Debt S + 4.50% $71,582 54,393 55,138 0.22%
Espresso Bidco Inc. (Egnyte Inc) Software and Computer Services 1st Lien Senior Secured Debt S + 5.75% (incl 3.13% PIK) $66,946 51,708 52,011 0.21%
Inflexion BFVI Financing Limited Asset Based Lending and Fund Finance Other Secured Debt SN +4.50% PIK £40,316 53,405 53,090 0.21%
Project Alliance Buyer, LLC (AssistRx) Health Care Providers 1st Lien Senior Secured Debt S + 5.00% $62,884 51,881 52,359 0.21%
Spirit RR Holdings, Inc. (Reorg Research) Industrial Support Services 1st Lien Senior Secured Debt S + 4.50% $54,816 50,688 51,750 0.21%
Team, Inc. Industrial Support Services 1st Lien Senior Secured Debt S + 6.25% $66,927 50,656 51,151 0.21%
CC WDW Borrower, Inc. (Advantek, LLC) Technology Hardware and Equipment 1st Lien Senior Secured Debt S + 6.75% $51,726 49,765 50,317 0.20%
Earps Bidco Limited (Smith & Williamson) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SN + 4.50% £37,700 48,134 49,473 0.20%
MRO Maryruth LLC Personal Care, Drug and Grocery Stores 1st Lien Senior Secured Debt S + 4.00% $49,000 48,703 48,704 0.20%
More Cowbell II, LLC (Standish) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt S + 4.50% $51,476 50,803 50,986 0.20%
ONE Group, LLC (The One Group, LLC) Travel and Leisure 1st Lien Senior Secured Debt S + 6.50% $50,092 49,068 48,835 0.20%
YA Intermediate Holdings II LLC (Young and Associates) Industrial Support Services 1st Lien Senior Secured Debt S + 5.00% $56,961 48,437 48,912 0.20%
Law Business Research Inc. (Law Business Research) Media 1st Lien Senior Secured Debt S + 5.25% $46,320 45,346 46,783 0.19%
MAI Capital Management Intermediate LLC (MAI Capital Management) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt S + 4.75% $60,000 47,975 48,456 0.19%
TriMech Acquisition Corp. (TriMech) Software and Computer Services 1st Lien Senior Secured Debt SN + 4.75% £35,609 43,327 47,149 0.19%
Artisan Bidco, Inc. (Avid Technology, Inc.) Software and Computer Services 1st Lien Senior Secured Debt S + 7.00% $46,293 45,543 44,358 0.18%
EasyPark Strategy AB Software and Computer Services 1st Lien Senior Secured Debt S + 4.75% $45,577 44,999 45,315 0.18%
Oil Changer Holding Corporation Automobiles and Parts 1st Lien Senior Secured Debt S + 6.75% $45,646 45,530 45,646 0.18%
Prism Parent Co., Inc. (Unison Software) Software and Computer Services 1st Lien Senior Secured Debt S + 5.00% $46,354 43,322 43,762 0.18%

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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 November 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 November 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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