DFX Intelligence

Private Credit Intelligence

The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

BDC portfolio

HPS Corporate Lending Fund

BDCnon-tradedCIK 1838126file 814-01431NEW YORK, NYmanaged by HPS ADVISORS, LLC

Fair value

$26B

as of Jun 30, 2026

Principal held

$30B

debt pieces, the filer's figure

Cost

$26B

99c on cost

Unfunded

$2.8B

commitments not yet drawn

Positions

1,034

393 borrowers

First lien

46%

97% debt by fair value

Quarters on the tape

since Dec 31, 2022

Facilities held

509

49 sponsors financed

Portfolio through time

Fair value by quarter end$26B as of Jun 30, 2026

Dec 31, 2022$5.7B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$26B	393	99c	101	512 bp
Mar 31, 2026	$27B	402	102c	99	553 bp
Dec 31, 2025	$27B	412	101c	114	514 bp
Sep 30, 2025	$25B	410	101c	92	519 bp
Jun 30, 2025	$22B	404	101c	79	516 bp
Mar 31, 2025	$20B	377	101c	66	525 bp
Dec 31, 2024	$34B	335	100c	120	533 bp
Sep 30, 2024	$14B	290	102c	53	556 bp
Jun 30, 2024	$12B	273	101c	49	569 bp
Mar 31, 2024	$10B	252	101c	53	582 bp
Dec 31, 2023	$10B	251	101c	39	582 bp
Sep 30, 2023	$7.7B	224	100c	26	576 bp
Jun 30, 2023	$7.0B	215	100c	25	570 bp
Mar 31, 2023	$6.7B	213	99c	19	568 bp
Dec 31, 2022	$5.7B	201	98c	18	558 bp

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed

No borrower on this schedule has a sponsor attribution yet.

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed

New borrower on a BDC scheduleJun 30, 2026
NP Kaba Mergersub, Inc first appears in a BDC schedule (1 lender)
New lender joined a facilityJun 30, 2026
HPS Corporate Lending Fund joins Legends Global Holding Co LLC other (unknown) held by 1 other BDC
New borrower on a BDC scheduleJun 30, 2026
TWG SPORTS LLC first appears in a BDC schedule (3 lenders)
New borrower on a BDC scheduleJun 30, 2026
Teca Lorien NZ Bidco Private Limited first appears in a BDC schedule (1 lender)
New lender joined a facilityJun 30, 2026
HPS Corporate Lending Fund joins AS1 Sports Bidco Limited other (unknown) held by 1 other BDC
New borrower on a BDC scheduleJun 30, 2026
Global Service GmbH first appears in a BDC schedule (1 lender)
New lender joined a facilityJun 30, 2026
HPS Corporate Lending Fund joins Talen Energy Supply, LLC other (unknown) held by 1 other BDC
New borrower on a BDC scheduleJun 30, 2026
New Spanx, LLC first appears in a BDC schedule (2 lenders)
New borrower on a BDC scheduleJun 30, 2026
Cotx Auto, LLC first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleJun 30, 2026
The.Team SME LLC first appears in a BDC schedule (2 lenders)
New lender joined a facilityJun 30, 2026
HPS Corporate Lending Fund joins Pioneer Buyer I, LLC other (unknown) held by 4 other BDCs
New borrower on a BDC scheduleJun 30, 2026
RD Michigan Property Owner I LLC first appears in a BDC schedule (1 lender)
New borrower on a BDC scheduleJun 30, 2026
Global Bidco GmbH first appears in a BDC schedule (1 lender)
Marked down (one lender)Jun 30, 2026
HPS Corporate Lending Fund: fair value markdown in Kryptona Bidco US, LLC (109 to 101 cents on cost)
Marked down (one lender)Jun 30, 2026
HPS Corporate Lending Fund: fair value markdown in Artisan Bidco, Inc (104 to 99 cents on cost)
Marked down (one lender)Jun 30, 2026
HPS Corporate Lending Fund: fair value markdown in Spark Bidco Limited (102 to 96 cents on cost)
Marked down (one lender)Jun 30, 2026
HPS Corporate Lending Fund: fair value markdown in Viant Medical Holdings, Inc (100 to 95 cents on cost)
Marked down (one lender)Jun 30, 2026
HPS Corporate Lending Fund: fair value markdown in Rotation Buyer, LLC (101 to 94 cents on cost)
Marked down (one lender)Jun 30, 2026
HPS Corporate Lending Fund: fair value markdown in Alchemy US Holdco 1 LLC (102 to 94 cents on cost)
Marked down (one lender)Jun 30, 2026
HPS Corporate Lending Fund: fair value markdown in Acrisure, LLC (100 to 91 cents on cost)

Every position change, including routine ones

Largest facilities held, with co-lenders

Omega II AB first lien delayed draw term loan
1 BDC hold it · matures Jun 18, 2032
$1.2B 101c
Meralm Bidco AB first lien delayed draw term loan
1 BDC hold it · matures Aug 29, 2031
$804M 90c
Sentinel Buyer Corp first lien delayed draw term loan
5 BDCs hold it · matures Nov 6, 2032
$529M 99c
Blazing Star Shields Direct Parent, LLC first lien revolver
2 BDCs hold it · matures Aug 28, 2030 · Sycamore Partners
$514M 104c
Global Music Rights, LLC first lien revolver
7 BDCs hold it · matures Dec 20, 2031 · Hellman & Friedman LLC
$486M 102c
Severin Acquisition, LLC other
4 BDCs hold it · matures Oct 1, 2031
$415M 100c
EasyPark Strategy AB first lien delayed draw term loan
1 BDC hold it · matures Dec 19, 2031
$392M 106c
AB Centers Acquisition Corporation other
5 BDCs hold it · matures Jul 2, 2031
$371M 100c
Digicert, Inc first lien revolver
4 BDCs hold it · matures Jul 30, 2030 · Crosspoint Capital Partners, LP
$364M 98c
Emerus Holdings, Inc other
1 BDC hold it · matures Jun 21, 2031
$336M 99c
Titan BW Borrower L.P other
3 BDCs hold it · matures Jul 24, 2032
$298M 100c
Empower Payments Investor, LLC first lien revolver
2 BDCs hold it · matures Mar 12, 2031
$295M 100c

Schedule of investments at Jun 30, 2026

1,034 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
Blazing Star Shields Direct Parent, LLC	revolver first lien	$492M	$502M 104c	S+600 bp	Aug 28, 2030
Global Music Rights, LLC	revolver first lien	$439M	$444M 102c	S+425 bp	Dec 20, 2031
ULTRA III, LLC - LLC Interest	unstated lien unstated	n/a	$415M 99c
DigiCert Inc	revolver first lien	$327M	$316M 98c	S+575 bp	Jul 30, 2030
Severin Acquisition LLC	unstated lien unstated	$307M	$305M 100c	S+500 bp PIK 2.25%	Oct 1, 2031
Sentinel Buyer Corp.	delayed draw term loan first lien	$257M	$253M 99c	S+500 bp	Nov 6, 2032
PerkinElmer U.S. LLC	unstated lien unstated	$254M	$252M 100c	S+450 bp	Mar 13, 2029
Emerus Holdings, Inc.	unstated lien unstated	$247M	$243M 100c	S+625 bp	Jul 2, 2029
Wharf Street Ratings Acquisition LLC	unstated lien unstated	$235M	$235M 101c	S+450 bp	Sep 16, 2032
Titan BW Borrower L.P.	unstated lien unstated	$233M	$231M 100c	S+538 bp PIK 2.88%	Jul 24, 2032
CCI Buyer, Inc.	revolver first lien	$232M	$228M 99c	S+500 bp	May 13, 2032
Sentinel Buyer Corp.	delayed draw term loan first lien	$231M	$227M 99c	S+500 bp	Nov 6, 2032
TecoStar Holdings Inc	unstated lien unstated	$223M	$223M 101c	10.39% PIK 6.75%	May 12, 2032
Bright Light Buyer, Inc.	unstated lien unstated	$221M	$221M 101c	S+600 bp	Nov 8, 2029
Azurity Pharmaceuticals Inc	unstated lien unstated	$226M	$215M 97c	S+700 bp	Mar 14, 2030
WP CPP Holdings, LLC	revolver first lien	$208M	$208M 101c	S+700 bp PIK 3.88%	Nov 30, 2029
IRI Group Holdings, Inc.	revolver first lien	$206M	$206M 101c	S+425 bp	Dec 1, 2029
Oak Funding LLC	delayed draw term loan first lien	$200M	$197M 99c	S+450 bp	Dec 2, 2032
Solis Mammography Buyer, Inc.	unstated lien unstated	$199M	$195M 99c	S+550 bp PIK 2.50%	May 29, 2032
Flexera Software LLC	revolver first lien	$200M	$194M 97c	S+450 bp	Aug 15, 2032
DIA Finance S.L.U.	unstated lien unstated	$171M	$194M 111c	S+650 bp	Dec 27, 2029
SW Ingredients Holdings, LLC	unstated lien unstated	$191M	$188M 100c	S+500 bp	May 2, 2030
Holdings 2, L.P.	unstated lien unstated	n/a	$185M 100c	S+1150 bp
Guidehouse Inc.	unstated lien unstated	$190M	$182M 96c	S+475 bp	Dec 16, 2030
Palmetto TE Borrower LLC	delayed draw term loan first lien	$172M	$170M 100c	S+550 bp	Nov 1, 2027
NP Kaba Mergersub, Inc.	unstated lien unstated	$173M	$170M 99c	S+450 bp	Jan 31, 2033
Coding Solutions Acquisition, Inc.	unstated lien unstated	$169M	$169M 101c	S+500 bp	Aug 7, 2031
Gusto Aus Bidco Pty Ltd	delayed draw term loan first lien	$244M	$169M 108c	S+475 bp	Nov 15, 2031
Rsource Holdings, LLC	unstated lien unstated	$172M	$166M 97c	S+475 bp	Nov 10, 2031
Spruce Bidco II Inc	revolver first lien	$163M	$160M 100c	S+475 bp	Jan 31, 2032
Kryptona Bidco US, LLC	revolver first lien	$162M	$159M 100c	S+575 bp PIK 3.13%	Dec 18, 2031
Valence Surface Technologies LLC	unstated lien unstated	$158M	$158M 102c	S+675 bp	Jun 13, 2031
Auditboard, Inc.	revolver first lien	$159M	$155M 98c	S+500 bp	Jul 14, 2031
Zendesk Inc	revolver first lien	$159M	$155M 98c	S+500 bp	Nov 22, 2028
Radwell Parent, LLC	revolver first lien	$150M	$149M 101c	S+475 bp	Apr 2, 2029
Compsych Investments Corp.	unstated lien unstated	$149M	$149M 100c	S+475 bp	Jul 22, 2031
Zenith AcquisitionCo LLC	unstated lien unstated	$148M	$148M 100c	S+450 bp	Jan 13, 2033
FC Compassus LLC	unstated lien unstated	$146M	$146M 101c	S+550 bp PIK 1.25%	Nov 26, 2030
AB Centers Acquisition Corporation	unstated lien unstated	$147M	$146M 101c	S+525 bp	Jul 2, 2031
Axiom Buyer, LLC	unstated lien unstated	$148M	$145M 100c	S+650 bp	Jan 14, 2030
Bayou Intermediate II, LLC	unstated lien unstated	$148M	$145M 99c	S+475 bp	Sep 30, 2032
Travel Leaders Group, LLC	unstated lien unstated	$145M	$143M 100c	S+650 bp	Mar 27, 2028
Aurelia Netherlands Midco 2 B.V.	unstated lien unstated	$125M	$142M 103c	S+475 bp	May 29, 2031
Tricentis Operations Holdings Inc	unstated lien unstated	$142M	$138M 98c	S+600 bp PIK 3.25%	Feb 11, 2032
Saga Mid Co Limited	delayed draw term loan first lien	$101M	$138M 111c	S+650 bp	Feb 27, 2031
GovCIO Buyer Company	unstated lien unstated	$140M	$137M 99c	S+475 bp	Jul 9, 2031
Hostinger Investments Sarl	delayed draw term loan first lien	$120M	$136M 100c	S+475 bp	Nov 19, 2032
Diagnostic Services Holdings, Inc.	revolver first lien	$137M	$136M 99c	S+550 bp	Mar 15, 2028
WCAS XIII Primary Care Investors, L.P.	unstated lien unstated	$136M	$133M 99c	S+625 bp	Dec 31, 2029
MB2 Dental Solutions, LLC	revolver first lien	$134M	$133M 101c	S+550 bp	Feb 13, 2031
Stack Sports Buyer, LLC	unstated lien unstated	$134M	$131M 99c	S+525 bp	Mar 31, 2031
Tivity Health Inc	unstated lien unstated	$128M	$128M 101c	S+500 bp	Jun 28, 2029
Aryeh Bidco Investment Ltd	unstated lien unstated	$183M	$127M 97c	S+500 bp	Jan 14, 2033
FH BMX Buyer, Inc. 1a	unstated lien unstated	$128M	$126M 99c	S+475 bp	Jun 21, 2031
Advarra Holdings, Inc.	delayed draw term loan first lien	$126M	$126M 100c	S+450 bp	Sep 15, 2031
Fortress Acquisitionco, Inc.	revolver first lien	$123M	$121M 99c	S+475 bp	Feb 25, 2033
Fire Flow Intermediate Corporation	delayed draw term loan first lien	$122M	$120M 99c	S+475 bp	Jul 10, 2031
AB Centers Acquisition Corporation	unstated lien unstated	$120M	$119M 100c	S+525 bp	Jul 2, 2031
Zeus Company LLC	revolver first lien	$124M	$119M 97c	S+540 bp	Feb 28, 2031
Creek Parent, Inc.	revolver first lien	$120M	$118M 100c	S+500 bp	Dec 18, 2031
NDT Global Holding Inc.	revolver first lien	$119M	$117M 99c	S+450 bp	Jun 4, 2032
Atlas Intermediate III LLC	revolver first lien	$122M	$117M 97c	S+775 bp	Oct 31, 2029
Pike Corporation	unstated lien unstated	$119M	$117M 99c	S+425 bp	Dec 20, 2032
Koala Investment Holdings Inc	unstated lien unstated	$118M	$116M 99c	S+425 bp	Aug 29, 2032
Baker Tilly Advisory Group, LP	revolver first lien	$117M	$115M 100c	S+475 bp	Jun 3, 2031
Parfums Holding Company, Inc.	revolver first lien	$115M	$115M 101c	S+500 bp	Jun 27, 2030
Brandt Information Services, LLC	unstated lien unstated	$114M	$112M 99c	S+475 bp	May 31, 2030
Indigo Purchaser, Inc.	unstated lien unstated	$111M	$111M 101c	S+475 bp	Nov 21, 2031
RH Buyer Inc	unstated lien unstated	$115M	$110M 97c	S+675 bp	Jan 17, 2031
Kona Buyer, LLC	unstated lien unstated	$111M	$109M 99c	S+450 bp	Jul 23, 2031
Retail Services WIS Corporation	delayed draw term loan first lien	$109M	$106M 99c	S+675 bp	Aug 29, 2030
Alchemy US Holdco 1 LLC	delayed draw term loan first lien	$117M	$106M 93c	S+650 bp	Jul 31, 2029
OEConnection LLC	unstated lien unstated	$105M	$105M 101c	S+450 bp	Dec 23, 2032
Birdie Bidco, Inc.	unstated lien unstated	$106M	$104M 99c	S+475 bp PIK 2.25%	Nov 17, 2032
Spotless Brands, LLC	revolver first lien	$103M	$102M 100c	S+575 bp	Jul 25, 2028
Formerra LLC	revolver first lien	$103M	$102M 100c	S+725 bp	Nov 1, 2028
Saber Parent Holdings Corp	unstated lien unstated	$102M	$99.7M 99c	S+475 bp PIK 2.25%	Dec 16, 2032
Phantom Purchaser Inc	revolver first lien	$100M	$98.9M 100c	S+475 bp	Sep 19, 2031
NTH Degree Purchaser Inc	unstated lien unstated	$100M	$98.6M 100c	S+550 bp	Sep 10, 2030
Omega II AB	delayed draw term loan first lien	$943M	$98.3M 101c	S+425 bp	Jun 18, 2032
Empower Payments Investor, LLC	revolver first lien	$99.7M	$98.2M 100c	S+450 bp	Mar 12, 2031
Vital Bidco AB	revolver first lien	$96.4M	$96.4M 102c	S+425 bp	Oct 29, 2031
Trading Technologies International Inc	revolver first lien	$96.7M	$94.7M 98c	S+425 bp	Nov 4, 2032
WorkWave Intermediate II, LLC	revolver first lien	$94.7M	$93.0M 99c	S+575 bp	Sep 30, 2032
Legends Global Holding Co LLC	unstated lien unstated	$97.0M	$92.8M 98c	S+550 bp PIK 2.75%	Aug 22, 2031
Captive Resources Midco LLC	revolver first lien	$91.0M	$91.0M 101c	S+450 bp	Jul 2, 2029
Einstein Parent Inc	revolver first lien	$94.1M	$90.6M 98c	S+525 bp	Jan 22, 2031
Truck-Lite Co, LLC	unstated lien unstated	$90.3M	$89.7M 101c	S+475 bp	Feb 13, 2032
Dwyer	revolver first lien	$89.9M	$89.3M 100c	S+475 bp	Jul 20, 2029
Armstrong Bidco Limited	delayed draw term loan first lien	$68.0M	$88.2M 108c	S+525 bp	Jun 28, 2029
IG Investments Holdings, LLC	revolver first lien	$87.6M	$87.6M 100c	S+500 bp	Sep 22, 2028
Emerus Holdings, Inc.	unstated lien unstated	$89.0M	$87.5M 99c	S+475 bp	Jun 21, 2031
Specialty Ingredients, LLC	revolver first lien	$87.5M	$87.0M 100c	S+475 bp	Feb 12, 2029
Capripack Debtco PLC	delayed draw term loan first lien	$74.9M	$86.4M 108c	S+575 bp PIK 2.50%	Jan 3, 2030
ABC Technologies Inc	unstated lien unstated	$88.2M	$84.9M 99c	S+600 bp	Aug 22, 2031
Zeppelin US Buyer Inc.	unstated lien unstated	$85.7M	$84.5M 99c	S+475 bp	Aug 2, 2032
Chord Searchlight, L.P	delayed draw term loan lien unstated	$112M	$84.3M 100c	S+625 bp	Jul 16, 2030
EasyPark Strategy AB	delayed draw term loan first lien	$74.7M	$83.5M 109c	S+475 bp	Dec 19, 2030
Orthrus Ltd	delayed draw term loan first lien	$84.4M	$82.9M 99c	S+625 bp PIK 2.75%	Dec 5, 2031
Atlas Borrower, LLC	revolver first lien	$82.7M	$82.7M 101c	S+425 bp	Sep 4, 2032

Page 1 of 11Next

Registration

Fiscal year end: 1231reported
Incorporated: NYreported
On the SEC BDC report: 2022 to 2026reported
Filings listed: 18reported10-Q and 10-K since 2022
Latest schedule: 0001628280-26-056772reported