CORRESP: Correspondence
Published on February 10, 2025
February 10, 2025
Via EDGAR
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Attn: Anu Dubey, Senior Counsel
Re: | HPS Corporate Lending Fund & HPS Corporate Capital Solutions Fund Preliminary Proxy Statements on Form PRE 14A |
File Nos. 814-01431 and 814-01715 |
Dear Ms. Dubey:
On behalf of HPS Corporate Lending Fund and HPS Corporate Capital Solutions Fund (the Funds), which have elected to be regulated as business development companies (BDCs) under the Investment Company Act of 1940, as amended (the 1940 Act), we are providing the following responses to comments issued by the staff (the Staff) of the Securities and Exchange Commission (the Commission) via telephone on January 21, 2025 and on February 4, 2025, with respect to the Funds initial response letter sent to the Commission on January 31, 2025 (the Prior Response Letter) and the initial filing of the preliminary proxy statements (each, a Preliminary Proxy Statement and together, the Preliminary Proxy Statements) filed with the Commission on Form PRE14A on January 15, 2025, through the Commissions electronic data gathering, analysis and retrieval system (EDGAR).
For convenience of reference, the Staffs comments have been reproduced herein. Please note that all page numbers in our responses are references to the page numbers of the HPS Corporate Lending Fund Preliminary Proxy Statement. All capitalized terms used but not defined in this letter have the meanings given to them in the Preliminary Proxy Statements.
PROXY STATEMENT
1. | Please file this revised comment response letter (the Revised Response Letter). |
Response: The Funds respectfully acknowledge the Staffs comment and confirm that they will each file this Revised Response Letter as correspondence in advance of the filing of the definitive proxy statements.
2. | Under the section Transaction Agreement, please identify by name the partners and non-partners that fall under any of the categories specified in Item 5(a)(1)-(5) of Schedule 14A. |
Response: The disclosure has been revised accordingly.
3. | Please confirm to us supplementally in the Revised Response Letter that the interests of the Funds trustees described in the section Transaction Agreement arise from the position of such trustees as partners of HPS and that, therefore, any agreement under which such interests of the trustees arise is with HPS, as opposed to with any of the trustees individually. Please also disclose the amounts involved in the Transaction, if not already disclosed. |
Response: We hereby confirm that the interests of the trustees who are HPS employees described in the Transaction Agreement section of the Preliminary Proxy Statements arise from the position of such trustees as partners of HPS and that the Transaction Agreement pursuant to which compensation is being paid is with HPS and not the trustees as individuals. We respectfully direct the Staff to the existing disclosure in the first and second paragraphs under the section, Transaction Agreement in both Preliminary Proxy Statements, which detail the amounts involved in the Transaction.
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Please call me (212-455-3974) with any questions you may have regarding this filing or if you wish to discuss the above responses.
Sincerely, |
/s/ Jonathan Gaines |
cc: | Philip Lee, HPS Investment Partners, LLC |
Tyler Thorn, HPS Investment Partners, LLC
Kathy Choi, HPS Investment Partners, LLC