Watch a replay of the HPS Corporate Lending Fund Fourth Quarter and Full Year 2024 Shareholder Update Webcast

A Current Income Focused, Institutional-Quality Credit Solution

HPS Corporate Lending Fund (HLEND) seeks to deliver a stable, monthly income stream by investing in a diversified, high-quality portfolio of predominantly senior secured, floating-rate loans to upper-middle market companies.

About HLEND

NAV: $25.51

As of February 28, 2025   Annualized Distribution Yield1: 10.1%  As of February 28, 2025

NAV: $25.51

As of February 28, 2025   Annualized Distribution Yield1: 9.8% As of February 28, 2025

NAV: $25.51

As of February 28, 2025   Annualized Distribution Yield1: 9.6%  As of February 28, 2025

NAV: $25.51

As of February 28, 2025   Annualized Distribution Yield1: 9.3%  As of February 28, 2025

Watch Our Team Discuss HLEND's Approach and Strategy Watch Our Team Discuss HLEND's Approach and Strategy

Seeking to Generate Attractive Risk-adjusted Returns for Investors

Featuring targeted monthly dividends, targeted quarterly liquidity2, and “pass-through” like tax treatment3 with simplified reporting, HLEND’s public, perpetually non-traded business development company (BDC) structure is purpose designed for income-focused investors.

Through HLEND, investors can access the premium yields offered by private credit relative to other fixed income and yield-oriented equity alternatives.  Investments in senior secured private credit have consistently generated high single-digit gross returns over the last decade, with lower volatility levels and more favorable loss rates than other high yielding fixed income alternatives4.

Providing Creative Capital Solutions for Partners

We seek to partner with well-established upper-middle market companies that are looking for a strong and reliable long-term partner who will enable them to meet their financing, growth, and liquidity needs.

We craft creative and customized financing solutions designed to meet the comprehensive needs of our borrowing clients, while providing the efficiency and execution certainty they deserve.  

Managed by a Market Leader in Private Credit

HLEND benefits from the sourcing breadth, scale, and investment discipline of HPS Investment Partners, LLC (HPS), one of the largest global credit-focused alternatives investment managers and a leading adviser to some of the world’s most sophisticated institutional investors.

HPS is a highly experienced and scaled player in the private credit markets, having invested more than $140 billion in private credit transactions across more than 800 companies since its founding in 20075.

Meet the team behind HLEND

A broader universe of investors can participate in HPS’s Direct Lending strategies through HLEND, taking advantage of the sourcing breadth, scale benefits and risk management valued by our institutional investors.
– Scott Kapnick, Chief Executive Officer of HPS

Latest HLEND Information

Overview Presentation

HPS Corporate Lending Fund (“HLEND” or the “Fund”) seeks to deliver attractive risk-adjusted returns, predominantly as current income, by investing in a high-quality, diversified portfolio of primarily privately originated, floating rate, senior secured loans to established companies...

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January 2025 Portfolio Update

January began the year with mixed economic data, and the inauguration of President Trump for a second term.

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Prospectus

HPS Corporate Lending Fund is a newly organized Delaware statutory trust that seeks to invest primarily in newly originated senior secured debt and other securities of private U.S. companies within the middle market and upper middle...

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Overview Presentation

HPS Corporate Lending Fund (“HLEND” or the “Fund”) seeks to deliver attractive risk-adjusted returns, predominantly as current income, by investing in a high-quality, diversified portfolio of primarily privately originated, floating rate, senior secured loans to established companies...

View PDF

January 2025 Portfolio Update

January began the year with mixed economic data, and the inauguration of President Trump for a second term.

View PDF

Fact Sheet

HPS Corporate Lending Fund (“HLEND”) is a public, perpetually non-traded business development company that seeks to deliver attractive risk-adjusted returns, primarily in the form of current income, by investing in a diversified, high-quality portfolio of predominantly senior secured, floating-rate, privately originated loans to middle and upper-middle market companies.

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Footnotes

  1. Annualized distribution yield is calculated by multiplying the sum of the month’s stated base distribution per share and variable supplemental distribution per share by twelve and dividing the result by the prior month’s NAV per share. Distributions declared from the Fund’s inception through February 2025 have been fully comprised of net investment income. To the extent that future distributions are comprised in part or entirely of a return of capital or sources other than net investment income, the composition of such distributions will be disclosed on the Dividends and Tax page of this website. Notices regarding distributions subject to Section 19(a) of the Investment Company Act of 1940 will also be found on the Dividends and Tax page of this website. We cannot guarantee that we will make distributions, and if we do, we may fund such distributions from sources other than cash flow from operations, including the sale of assets, borrowings, return of capital, or offering proceeds, and although we generally expect to fund distributions from cash flow from operations, we have not established limits on the amounts we may pay from such sources. A return of capital (1) is a return of the original amount invested, (2) does not constitute earnings or profits and (3) will have the effect of reducing the basis such that when a shareholder sells its shares, the sale may be subject to taxes even if the shares are sold for less than the original purchase price.
  2. Distributions and liquidity are targeted, but not guaranteed. Quarterly share repurchases, when offered, are subject to cap of 5% of total fund shares.
  3. HLEND intends to be treated as a regulated investment company for U.S. federal income tax purposes, which generally does not give rise to corporate level taxes on distributed income.
  4. Based on returns of Cliffwater Senior Direct Lending Index from 2011 through 2020.
  5. As of March 31, 2024. Based on all private credit investments (at committed cost) made since inception by funds and accounts across HPS’s Private Credit Platform, including Specialty Direct Lending, Core Senior Lending, Strategic Investment Partners and HLEND strategies, as well as accounts that do not directly track the forementioned strategies but are part of HPS’s Private Credit Platform.