HPS Corporate Lending Fund will repurchase 5.0% of shares outstanding as of June 30, 2026, representing approximately $600 million in its third-quarter tender offer. The program gives shareholders recurring Liquidity while aligning investor Capital with the expected duration of the fund’s private Credit investments.

Key Highlights

  • HPS Corporate Lending Fund has repurchased shares worth approximately $1.7 billion across the three periods ending June 30, 2026.
  • Approximately 95% of the Investment portfolio consisted of first-lien senior secured loans as of June 30, 2026.
  • HLEND’s quarterly tender offer framework is set at 5.0% of common shares outstanding by number of shares.

Tender Demand Exceeds Repurchase Target

The repurchase affects shareholders seeking liquidity in the fund’s common shares. That compares with approximately 13.3% in the second quarter. The fund’s established framework sets quarterly tender offers at 5.0% of common shares outstanding by number of shares, although the level is not guaranteed and the Board of Trustees may amend or suspend repurchases. The current offer therefore covers a smaller portion of submitted requests than the total amount shareholders sought to tender.

Portfolio Structure Supports Liquidity Framework

As of June 30, 2026, approximately 95% of HLEND’s portfolio was invested in first-lien senior secured loans. The portfolio’s weighted average loan-to-value ratio was 39%. HLEND invested across 53 industries, while its investments included larger, established companies with weighted average EBITDA of approximately $262 million. Class I shareholders received an annualized total net return of 9.9% through July 31, 2026.

Recurring Shareholder Access

Class I, Class D, Class F and Class S inception-to-date figures use an initial offering price of $25.00. HLEND’s stated framework provides recurring liquidity, while the Board of Trustees retains discretion over whether and at what level future repurchases occur.