Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
Avalara, Inc. | Software and Computer Services | First Lien Senior Secured Debt | S + 7.25% | $63,242 | $55,516.00 | $55,652 | 0.8% |
AxiomSL Group, Inc. | Software and Computer Services | First Lien Senior Secured Debt | S + 5.75% | $12,112 | $11,300.00 | $11,300 | 0.2% |
Barracuda Networks Inc (Barracuda Networks, Inc.) | Software and Computer Services | First Lien Senior Secured Debt | S + 4.50% | $13,932 | $13,571.00 | $13,717 | 0.2% |
Bottomline Technologies, Inc. | Software and Computer Services | First Lien Senior Secured Debt | S + 5.25% | $4,965 | $4,539.00 | $4,627 | 0.1% |
Calabrio, Inc. | Software and Computer Services | First Lien Senior Secured Debt | S + 7.13% | $25,000 | $23,848.00 | $23,545 | 0.3% |
Cloud Software Group Inc (Citrix) | Software and Computer Services | First Lien Senior Secured Debt | S + 4.50% | $11,673 | $10,735.00 | $11,203 | 0.2% |
DS ADMIRAL BIDCO, LLC (Drake Software, LLC) | Software and Computer Services | First Lien Senior Secured Debt | S + 6.50% | $9,864 | $8,819.00 | $8,683 | 0.1% |
DS ADMIRAL BIDCO, LLC (Drake Software, LLC) | Software and Computer Services | First Lien Senior Secured Debt | S + 7.00% | $39,544 | $38,430.00 | $38,811 | 0.5% |
DTI Holdco, Inc. | Software and Computer Services | First Lien Senior Secured Debt | S + 4.75% | $21,775 | $21,404.00 | $20,523 | 0.3% |
FinThrive Software Intermediate Holdings Inc (NThrive, Inc.) | Software and Computer Services | First Lien Senior Secured Debt | S + 4.00% | $13,036 | $12,813.00 | $10,983 | 0.2% |
Huskies Parent, Inc. (Insurity LLC) | Software and Computer Services | First Lien Senior Secured Debt | L + 5.50% | $27,282 | $25,843.00 | $24,672 | 0.3% |
Hyland Software, Inc. (Hyland Software Inc.) | Software and Computer Services | First Lien Senior Secured Debt | S + 3.50% | $10,853 | $10,812.00 | $10,832 | 0.2% |
Picard Holdco, Inc. (Citrix) | Software and Computer Services | Preferred Equity | S + 12.00% (incl 12.00% PIK) | $857 | $832.00 | $948 | 0.0% |
Quail Buyer, Inc. (Quicken Inc.) | Software and Computer Services | First Lien Senior Secured Debt | S + 5.25% | $7,349 | $7,242.00 | $7,318 | 0.1% |
Riley MergeCo LLC (Riskalyze, Inc.) | Software and Computer Services | First Lien Senior Secured Debt | S + 8.25% (incl 2.75% PIK) | $2,568 | $1,767.00 | $1,710 | 0.0% |
Rocket Software, Inc. | Software and Computer Services | First Lien Senior Secured Debt | S + 4.25% | $4,245 | $4,147.00 | $4,239 | 0.1% |
TriMech Acquisition Corp. (TriMech) | Software and Computer Services | First Lien Senior Secured Debt | SN + 4.75% | $36,439 | $44,055.00 | $45,510 | 0.6% |
TriMech Acquisition Corp. (TriMech) | Software and Computer Services | First Lien Senior Secured Debt | S + 4.75% | $21,439 | $21,178.00 | $20,753 | 0.3% |
TriMech Acquisition Corp. (TriMech) | Software and Computer Services | First Lien Senior Secured Debt | P + 3.75% | $3,289 | $1,596.00 | $1,540 | 0.0% |
Tricentis Americas, Inc. (Tricentis) | Software and Computer Services | First Lien Senior Secured Debt | S + 4.25% | $24,341 | $23,760.00 | $23,653 | 0.3% |
UKG Inc (Ultimate Software Group) | Software and Computer Services | First Lien Senior Secured Debt | S + 3.25% | $9,117 | $9,069.00 | $9,081 | 0.1% |
UKG Inc (Ultimate Software Group) | Software and Computer Services | Second Lien Senior Secured Debt | S + 5.25% | $24,852 | $24,583.00 | $24,627 | 0.3% |
User Zoom Technologies, Inc. (User Testing, Inc.) | Software and Computer Services | First Lien Senior Secured Debt | S + 7.00% | $18,948 | $18,623.00 | $18,591 | 0.3% |
Zelis Payments Buyer, Inc. (ZelisRedCard) | Software and Computer Services | First Lien Senior Secured Debt | S + 3.50% | $11,050 | $11,014.00 | $11,055 | 0.2% |
Zendesk Inc (Zendesk, Inc.) | Software and Computer Services | First Lien Senior Secured Debt | S + 7.00% (incl 3.50% PIK) | $215,920 | $154,798.00 | $156,072 | 2.2% |
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Footnotes
- Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on accruing debt included in such securities, divided by (b) total debt investments at fair value included in such securities. Actual yields earned over the life of each investment could differ materially from the yields presented above.
- 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. Measured as total fair value of investments.
- Measured as the fair value of investments for each category relative to the total fair value of investments. Totals may not sum due to rounding.
- Measured as the fair value of debt investments.
- Calculated with respect to all private investments, including investments for which fair value is determined by HPS (in its capacity as the investment manager of HLEND) (with assistance, at least quarterly, from a third-party valuation firm, and overseen by HLEND’s Board of Trustees) and, in the case of weighted average EBITDA only, excludes investments where net debt to EBITDA may not be the appropriate measure of credit risk. Figures are derived from the financial statements most recently obtained by the Adviser. Weighted average EBITDA is weighted based on the fair value of our total applicable private debt investments.
- Other include structured finance investments.
- All figures are as of July 31, 2023 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.