Portfolio Companies7
Company Name
|
Industry
|
Investment Type
|
Reference Rate & Spread
|
Par Amount (thousands)
|
Amortized Cost (thousands)
|
Fair Value (thousands)
|
% of Total Portfolio
|
---|---|---|---|---|---|---|---|
VIOLIN FINCO GUERNSEY LIMITED (Evelyn Partners) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SN + 5.50% | £99,473 | 117,087 | 118,656 | 0.97% |
Alchemy US Holdco 1 LLC (Kymera International) | Industrial Metals and Mining | 1st Lien Senior Secured Debt | SF + 6.50% | $132,387 | 116,286 | 116,283 | 0.95% |
Atlas Intermediate III, L.L.C. (Actylis) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 8.25% (incl 4.00% PIK) | $115,538 | 113,088 | 114,572 | 0.93% |
Formerra, LLC (Formerra) | General Industrials | 1st Lien Senior Secured Debt | SF + 7.25% | $121,414 | 110,138 | 112,286 | 0.92% |
Kona Buyer, LLC (Redsail Technologies) | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.00% (incl 2.50% PIK) | $179,675 | 111,336 | 111,337 | 0.91% |
PPV Intermediate Holdings, LLC (VetCor) | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.75% | $116,338 | 106,617 | 108,193 | 0.88% |
Coding Solutions Acquisition, Inc. (CorroHealth) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 5.50% | $108,533 | 100,041 | 101,465 | 0.83% |
Empower Payments Investor, LLC (RevSpring) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.25% | $125,822 | 99,308 | 101,211 | 0.83% |
Baker Tilly Advisory Group, LP (Baker Tilly) | Investment Banking and Brokerage Services | 1st Lien Senior Secured Debt | SF + 5.00% | $142,145 | 101,001 | 101,006 | 0.82% |
United Musculoskeletal Partners Acquisition Holdings, LLC | Health Care Providers | 1st Lien Senior Secured Debt | SF + 5.75% | $102,126 | 100,763 | 99,555 | 0.81% |
Specialty Ingredients, LLC (Parker Products Holdings, LLC) | Food Producers | 1st Lien Senior Secured Debt | SF + 6.00% | $100,626 | 94,682 | 96,115 | 0.78% |
Captive Resources Midco LLC (Captive Resources Midco, LLC) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.25% | $102,135 | 93,202 | 94,578 | 0.77% |
LOCI Bidco Limited (Law Business Research) | Media | 1st Lien Senior Secured Debt | SN + 5.25% | £73,522 | 91,151 | 92,240 | 0.75% |
Capripack Debtco PLC (Constantia) | General Industrials | 1st Lien Senior Secured Debt | E + 6.75% (incl 2.50% PIK) | €84,972 | 89,896 | 90,903 | 0.74% |
Bamboo US BidCo LLC (Baxter International Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 6.75% (incl 3.38% PIK) | $98,571 | 85,950 | 89,504 | 0.73% |
Dolcetto HoldCo S.P.A. (Doc Generici S.r.l.) | Pharmaceuticals and Biotechnology | 1st Lien Senior Secured Debt | E + 6.50% | €90,700 | 80,395 | 89,082 | 0.73% |
Vital Care Buyer, LLC (Vital Care Inc) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 4.75% | $103,533 | 89,227 | 89,227 | 0.73% |
W3 TopCo LLC (Total Safety) | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 6.50% | $89,698 | 86,368 | 86,492 | 0.71% |
Knitwell Borrower LLC (Knitwell) | Retailers | 1st Lien Senior Secured Debt | SF + 8.00% | $89,044 | 86,586 | 86,188 | 0.70% |
Plasma Buyer LLC (Path Group Inc.) | Medical Equipment and Services | 1st Lien Senior Secured Debt | SF + 5.75% | $93,094 | 87,624 | 85,272 | 0.70% |
Truck-Lite Co, LLC (Clarience Technologies) | Industrial Transportation | 1st Lien Senior Secured Debt | SF + 5.75% | $107,468 | 84,153 | 84,507 | 0.69% |
Coretrust Purchasing Group LLC | Industrial Support Services | 1st Lien Senior Secured Debt | SF + 5.25% | $107,499 | 78,396 | 80,503 | 0.66% |
Coupa Holdings, LLC | Software and Computer Services | 1st Lien Senior Secured Debt | SF + 5.50% | $93,111 | 78,011 | 81,515 | 0.66% |
Gusto Aus Bidco Pty Ltd (iNova Pharmaceuticals) | Pharmaceuticals and Biotechnology | 1st Lien Senior Secured Debt | B + 6.50% | AUD 130,605 | 76,382 | 80,456 | 0.66% |
Alera Group, Inc. | Non-life Insurance | 1st Lien Senior Secured Debt | SF + 5.25% | $77,282 | 77,105 | 78,055 | 0.64% |
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Footnotes
- 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 or amortized cost, as applicable). 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.
- 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.
- Based on the aggregate fair value of the investment portfolio as of July 31, 2024.
- Percentage based on aggregate fair value of accruing debt. Excludes investments in joint ventures.
- 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.
- Other includes structured finance investments.
- Based on FTSE / DJ Industry Classification Benchmark (“ICB”) sector definition. Totals may not sum due to rounding.
- All figures are as of July 31, 2024 unless otherwise indicated. % of total portfolio shown above is measured as total fair value of investments.