Public, non-traded

HLEND — HPS Corporate Lending Fund

HPS Corporate Lending Fund is a business development company managed by HPS Investment Partners. Strategy: senior secured floating-rate.

What SpreadVista tracks for HLEND

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from HLEND's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and HLEND reports one on 70.7% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Non-accrual positions. The HLEND positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on HLEND's non-accruals, not a complete list.
•Top issuers by fair value. HLEND's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Spread surface vs comparable BDCs. Where HLEND's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 62.2% of its positions that carry a tagged spread over a reference rate.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as HLEND — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for HLEND

SpreadVista only serves what the filer machine-tagged, and only computes a metric where there is enough of it to stand behind. Each item below is either under that bar for HLEND or something we could not tie to any individual position — the note says which. We leave them blank rather than infer them:

•NAV per share. We have no NAV-per-share observation for HLEND. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.

See HLEND's full analytics

Free to research. Every HLEND position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

Get Free Access

About HLEND

Ticker: HLEND
Legal name: HPS Corporate Lending Fund
Manager / Advisor: HPS Investment Partners
Category: Public, non-traded
Strategy: Senior secured floating-rate
Fiscal year end: 12-31
SEC CIK: 1838126 (Primary filings) (opens in new tab)

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

What SpreadVista tracks for HLEND

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from HLEND's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and HLEND reports one on 70.7% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Non-accrual positions. The HLEND positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on HLEND's non-accruals, not a complete list.

•Top issuers by fair value. HLEND's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Spread surface vs comparable BDCs. Where HLEND's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 62.2% of its positions that carry a tagged spread over a reference rate.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as HLEND — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for HLEND

•NAV per share. We have no NAV-per-share observation for HLEND. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.