HLEND

healthy

HPS Corporate Lending Fund

Valuation

Price$18.20

NAV / Share$18.20

NAV Discount+0%

Portfolio FV$8B

Credit Quality

PIK %5%

Non-Accrual %1.2%

NII Covers DivYES

Income

Dividend Yield10%

SponsorHPS Investment Partners

Top Sectors

SoftwareBusiness ServicesHealthcare

Analysis

NON-TRADED. HPS manages $120B+ in credit. HLEND is a top-5 non-traded BDC by fundraising. Senior secured first-lien focus. Low non-accrual at 1.2%. HPS spun out of Highbridge Capital (JPMorgan) — deep credit expertise. No market price transparency. Key risk: HPS announced IPO/listing plans, which could expose NAV to market scrutiny. Largest independent credit manager in non-traded space.

Sponsor

Partners Group$185B AUM