HPS Corporate Lending Fund Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Highlights (Tables)

Financial Highlights (Tables)

9 Months Ended

Sep. 30, 2023

Investment Company, Financial Highlights

The following are the financial highlights for the nine months ended September 30, 2023:


	Nine Months Ended September 30, 2023
	Class I			Class D			Class F
Per Share Data:
Net asset value, beginning of period	$	23.88		$	23.88		$	23.88
Net investment income (1)	2.16			2.12			2.07
Net unrealized and realized gain (loss) (2)	1.04			1.04			1.04
Net increase (decrease) in net assets resulting from operations	3.20			3.16			3.11
Distributions from net investment income (3)	(1.97)			(1.93)			(1.88)
Distributions from net realized gains (3)	—			—			—
Net increase (decrease) in net assets from shareholders' distributions	(1.97)			(1.93)			(1.88)
Early repurchase deduction fees (6)	—			—			—
Total increase (decrease) in net assets	1.23			1.23			1.23
Net asset value, end of period	$	25.11		$	25.11		$	25.11
Shares outstanding, end of period	44,275,610			25,922,875			112,213,392
Total return based on NAV (4)	13.87		%	13.66		%	13.45		%
Ratios:
Ratio of net expenses to average net assets (5)	9.53		%	9.90		%	10.05		%
Ratio of net investment income to average net assets (5)	11.93		%	11.81		%	11.45		%
Portfolio turnover rate	8.04		%	8.04		%	8.04		%
Supplemental Data:
Net assets, end of period	$	1,111,865		$	650,986		$	2,817,889
Asset coverage ratio	235.5		%	235.5		%	235.5		%

(1)The per share data was derived by using the weighted average shares outstanding during the period.

(2)The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions.

(3)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).

(4)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming distributions are reinvested in accordance with the Company's distribution reinvestment plan) divided by the beginning NAV per share. Total return does not include upfront transaction fee, if any.

(5)For the nine months ended September 30, 2023, amounts are annualized except for excise tax, and capital gains incentive fee.

(6)The per share amount rounds to less than $0.01 per share.

The following are the financial highlights for the nine months ended September 30, 2022:


	Nine Months Ended September 30, 2022
	Class I			Class D			Class F
Per Share Data:
Net asset value, beginning of period	$	25.00		$	25.00		$	25.00
Net investment income (1)	1.40			1.38			1.40
Net unrealized and realized gain (loss) (2)	(1.03)			(1.01)			(1.03)
Net increase (decrease) in net assets resulting from operations	0.37			0.37			0.37
Distributions from net investment income (3)	(1.16)			(1.16)			(1.16)
Distributions from net realized gains (3)	—			—			—
Net increase (decrease) in net assets from shareholders' distributions	(1.16)			(1.16)			(1.16)
Total increase (decrease) in net assets	(0.79)			(0.79)			(0.79)
Net asset value, end of period	$	24.21		$	24.21		$	24.21
Shares outstanding, end of period	31,991,480			16,027,259			82,590,026
Total return based on NAV (4)	1.49		%	1.49		%	1.49		%
Ratios:
Ratio of net expenses to average net assets (5)	2.37		%	2.16		%	2.34		%
Ratio of net investment income to average net assets (5)	8.69		%	8.50		%	8.67		%
Portfolio turnover rate	5.81		%	5.81		%	5.81		%
Supplemental Data:
Net assets, end of period	$	774,522		$	388,020		$	1,999,485
Asset coverage ratio	319.7		%	319.7		%	319.7		%

(1)The per share data was derived by using the weighted average shares outstanding during the period.

(2)The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions.

(3)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).

(5)For the nine months ended September 30, 2022, amounts are annualized except for non-recurring expenses. For the nine months ended September 30, 2022, the ratio of total operating expenses to average net assets was 4.54%, 4.49% and 4.96% on Class I, Class D and Class F, respectively, on an annualized basis, excluding the effect of expense support/(recoupment), distribution and shareholder servicing fees waiver, and management fee and income based incentive fee waivers by the Adviser which represented 2.17%, 2.33% and 2.62% on Class I, Class D and Class F, respectively, of average net assets.