UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2022
__________________
HPS CORPORATE LENDING FUND
(Exact name of Registrant as specified in Its Charter)
__________________
DELAWARE 814-01431 84-6391045
(State or other jurisdiction
of incorporation)
 
(Commission File
Number)
 
(I.R.S. Employer
Identification No.)
40 West 57th Street, 33rd Floor
New York, New York
 10019
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (212) 287-4900
Not Applicable
(Former name or former address, if changed since last report)
__________________
Securities registered pursuant to Section 12(b) of the Act: None
Title of each class 
Trading
Symbol(s)
 
Name of each exchange
on which registered
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
















Item 2.02. Results of Operations and Financial Condition.
Net Asset Value

The net asset value ("NAV") per share for each class of HPS Corporate Lending Fund (the "Fund") as of March 31, 2022, as determined in accordance with the Fund’s valuation policy, is set forth below.
 
NAV per share as of March 31, 2022
Class I Common Shares$25.09 
Class D Common Shares$25.09 
Class F Common Shares$25.09 
As of March 31, 2022, the Fund’s aggregate NAV was $913.6 million, the fair value of its investment portfolio was $1,271.0 million with principal debt outstanding of $235.6 million, resulting in ending debt-to-equity ratio of approximately 0.26 times.
Item 5.02 – Departure of Certain Officers; Appointment of Certain Officers.

On April 28, 2022, the Board of Trustees of the Fund appointed Robert Busch as Chief Financial Officer and Principal Accounting Officer of the Fund, effective as of the close of business on May 16, 2022.
Ms. Busch, age 39, is a Managing Director at HPS Investment Partners, LLC ("HPS"). Prior to joining HPS in 2022, Mr. Busch was a Managing Director at Blackstone Credit (“BXC”) where he served as Chief Accounting Officer and Treasurer of BXC’s non-traded business development company (“BDC”), Blackstone Private Credit Fund (“BCRED”), and publicly-traded BDC, Blackstone Secured Lending Fund (“BXSL”), as well as the Chief Financial Officer and Treasurer of three BXC publicly listed closed end funds and an interval fund. Prior to BXC, Mr. Busch was a Senior Vice President at Fifth Street Asset Management where he held various roles within finance, accounting and financial reporting for the firm’s publicly traded BDCs and alternative asset manager. In addition, Mr. Busch was an Audit Manager at Deloitte & Touche LLP serving clients in various industries, including alternative asset management and real estate. Mr. Busch is a Certified Public Accountant in the state of New York and received a Bachelor’s Degree in Business Administration with a concentration in Accounting from Boston University’s Questrom School of Business where he graduated cum laude.

Mr. Busch’s appointment coincides with the resignation, effective as of the close of business on May 16, 2022, of Dohyun (Doris) Lee-Silvestri as the Chief Financial Officer and Principal Accounting Officer of the Fund. Ms. Lee-Silvestri's decision to resign was not the result of any disagreement relating to HPS or the Fund’s operations, policies or practices. Ms. Lee-Silvestri will continue in her role Chief Financial Officer of Funds for HPS.
Item 7.01. Regulation FD Disclosure.

April 2022 Distributions

On April 29, 2022, the Fund declared regular distributions for each class of its common shares of beneficial interest (the “Shares”) in the amount per share set forth below:
 Gross DistributionShareholder Servicing and/or Distribution Fee*Net Distribution
Class I Common Shares$0.1464 $— $0.1464 
Class D Common Shares$0.1464 $— $0.1464 
Class F Common Shares$0.1464 $— $0.1464 
*Emerson Equity LLC, the Fund's Managing Dealer, has agreed to waive shareholder servicing and/or distribution fees for Class D common shares and Class F common shares for the first nine months following February 3, 2022, the date on which the Fund broke escrow. No shareholder servicing and/or distribution fees will be paid with respect to the Class I common shares.


The regular distributions for each class of Shares are payable to shareholders of record as of April 30, 2022 and will be paid on or about May 31, 2022.
These distributions will be paid in cash or reinvested in additional Shares for shareholders participating in the Fund’s distribution reinvestment plan.
Item 8.01. Other Events.

Status of Offering
The Fund is currently publicly offering on a continuous basis up to $4.0 billion in Shares (the “Offering”). The following table lists the Shares and total consideration for the Offering as of the date of this filing (through the April 1, 2022 subscription date). The Fund intends to continue selling Shares in the Offering on a monthly basis.
 Common Shares IssuedTotal Consideration
Class I Common Shares17,170,562 $0.4 billion
Class D Common Shares7,551,009 $0.2 billion
Class F Common Shares32,491,702 $0.8 billion
Total Offering57,213,273 $1.4 billion


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HPS CORPORATE LENDING FUND
Date: April 29, 2022
By:
/s/ Yoohyun K. Choi
Name:
Yoohyun K. Choi
Title:
Secretary