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 upper-middle market companies. HLEND is externally managed by HPS Investment Partners, LLC, one of the largest global credit-focused alternative investment managers and a leading adviser to some of the world’s most sophisticated institutional investors.
Company profile
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
Subsidiaries
HLEND Holdings • HLEND CLO 2023-1, LLC • HLEND CLO 2023-1 INVESTMENTS, LLC • HLEND Proxima, LLC • HLEND FEP, LLC • HLEND OTM, LLC • HLEND Lux SARL ...
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
27 Jun 24
8-K
Entry into a Material Definitive Agreement
18 Jun 24
8-K
Other Events
12 Jun 24
8-K
Regulation FD Disclosure
31 May 24
8-K
Entry into a Material Definitive Agreement
29 May 24
10-Q
2024 Q1
Quarterly report
15 May 24
SC TO-I
Issuer tender offer statement
2 May 24
SC TO-I/A
Issuer tender offer statement (amended)
1 May 24
8-K
Regulation FD Disclosure
26 Apr 24
424B3
Prospectus supplement
11 Apr 24
Latest ownership filings
3
Donna Milia
10 Mar 23
3
Robert W Busch
16 May 22
4
Dohyun (Doris) Lee-Silvestri
16 May 22
4
Michael Davis Patterson
2 Mar 22
4
Grishma Parekh
2 Mar 22
3
Initial statement of insider ownership
19 Jan 22
3
Yoohyun Choi
19 Jan 22
3
Tyler Thorn
19 Jan 22
3
Robin A Melvin
19 Jan 22
3
Dore Robert Van
19 Jan 22
Financial summary
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Annual (USD) | Dec 23 | Dec 22 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 300.66 mm | 300.66 mm | 300.66 mm | 300.66 mm | 300.66 mm | 300.66 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 117.30 mm | 212.04 mm |
Cash used (since last report) | n/a | n/a | n/a | n/a | 347.79 mm | 628.69 mm |
Cash remaining | n/a | n/a | n/a | n/a | -47.13 mm | -328.03 mm |
Runway (months of cash) | n/a | n/a | n/a | n/a | -0.4 | -1.5 |