Watch a replay of the HPS Corporate Lending Fund First Quarter 2025 Shareholder Update Webcast

Click Here

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
Alera Group Intermediate Holdings, Inc. (Alera Group, Inc.) Non-life Insurance 1st Lien Senior Secured Debt SF + 3.25% $8,000 7,960 8,014 0.04%
Avalara, Inc. (Avalara) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $13,359 13,289 13,381 0.07%
Bausch + Lomb Corporation (Bausch + Lomb) Medical Equipment and Services 1st Lien Senior Secured Debt SF + 3.25% $19,280 19,123 19,245 0.10%
Central Parent LLC (CDK Global) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $20,199 20,139 18,031 0.09%
Dechra Finance US LLC (Dechra) Pharmaceuticals and Biotechnology 1st Lien Senior Secured Debt SF + 3.25% $4,167 4,157 4,146 0.02%
Eco Material Technologies Inc (Eco Material Technologies) Construction and Materials 1st Lien Senior Secured Debt SF + 3.25% $10,030 9,985 10,045 0.05%
KUEHG Corp. (Kinder Care) Consumer Services 1st Lien Senior Secured Debt SF + 3.25% $2,380 2,375 2,392 0.01%
Kaseya Inc (Kaseya) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $20,468 20,351 20,490 0.10%
Madison IAQ LLC Industrial Support Services 1st Lien Senior Secured Debt SF + 3.25% $13,860 13,671 13,890 0.07%
McGraw-Hill Education Inc (McGraw-Hill Education) Media 1st Lien Senior Secured Debt SF + 3.25% $20,022 19,803 20,102 0.10%
Mitchell International Inc (Mitchell International, Inc.) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $9,950 9,907 9,932 0.05%
Project Alpha Intermediate Holding, Inc. (Qlik Technologies Inc) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $25,092 24,811 25,197 0.13%
Raven Acquisition Holdings LLC (R1 RCM Inc.) Health Care Providers 1st Lien Senior Secured Debt SF + 3.25% $21,194 19,655 19,761 0.10%
Resonetics, LLC Medical Equipment and Services 1st Lien Senior Secured Debt SF + 3.25% $38,444 38,360 38,423 0.19%
Southern Veterinary Partners LLC (Southern Veterinary Partners) Health Care Providers 1st Lien Senior Secured Debt SF + 3.25% $10,034 9,955 10,054 0.05%
Storable Inc (Storable) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $5,754 5,739 5,762 0.03%
White Cap Buyer, LLC (White Cap Buyer LLC) Retailers 1st Lien Senior Secured Debt SF + 3.25% $15,316 15,261 15,193 0.08%
Zelis Payments Buyer, Inc. (ZelisRedCard) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.25% $4,988 4,964 4,986 0.03%
Apex Group Treasury LLC (Apex Group) Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SF + 3.50% $9,634 9,524 9,636 0.05%
Cloud Software Group Inc (Citrix) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.50% $13,766 13,259 13,749 0.07%
DRW Holdings LLC Investment Banking and Brokerage Services 1st Lien Senior Secured Debt SF + 3.50% $13,342 13,282 13,367 0.07%
Fertitta Entertainment LLC/NV (Golden Nugget Inc) Travel and Leisure 1st Lien Senior Secured Debt SF + 3.50% $9,827 9,610 9,783 0.05%
Guardian US Holdco LLC (Intrado Safety) Telecommunications Equipment 1st Lien Senior Secured Debt SF + 3.50% $7,861 7,753 7,727 0.04%
Mediaocean LLC Software and Computer Services 1st Lien Senior Secured Debt SF + 3.50% $6,166 6,161 6,166 0.03%
Wave Distribution Holdings LLC (Sophos) Software and Computer Services 1st Lien Senior Secured Debt SF + 3.50% $2,371 2,369 2,381 0.01%

Engage with HLEND

Start Here

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.

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.

Download Prospectus

I acknowledge that (i) I have received the Prospectus and (ii) either (a) I am a United States resident or (b) I have otherwise received authorization from HLEND or my broker-dealer/registered investment advisor to access the contents of this website.

By selecting a country or state from the above list, you certify that you are resident in that country or state.

Leave Site