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HPS Corporate Lending Fund is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to generate attractive risk-adjusted returns, predominantly in the form of current income, with select opportunities for capital appreciation. The Fund invests primarily in newly originated senior secured term loans of U.S. upper middle market companies, along with other credit-related instruments. Investments may include unitranche loans, second lien and subordinated debt, and opportunistic allocations to mezzanine debt and structured credit. The Fund may use leverage and hedging strategies, and its investments are primarily below investment grade. HPS Advisors, LLC serves as the Fund’s investment adviser.
News and Notices
HPS Investment Partners, LLC
2022
'40 Act
Non-Traded BDC
USD
Quarterly
Daily
1.25%
December 31
News and Notices
Portfolio Holdings
Portfolio Composition
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Capital Flows
Tender Offers
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
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1-10 of 202
Notices
Date
Time (ET)
Notice Type
Source
Notice
Jan 11, 2025
08:02
Marketing Materials, Redemptions
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HPS Corporate Lending Fund disclosed third-quarter 2026 tender results, with repurchase requests decreasing from 13.3% to 11.5% of shares outstanding and planned repurchases of 5.0% or about $600 million. Shareholder liquidity is limited to that quarterly repurchase level.
Jan 28, 2025
16:10
Personnel
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HPS Corporate Lending Fund distributed proxy materials for its October 28, 2026 annual meeting, seeking approval to re-elect Class I Trustees Michael Patterson and Robin Melvin through 2031. Voting by October 26 counts shares toward the 50% quorum.
Nov 26, 2024
14:28
Distributions, Performance
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HPS Corporate Lending Fund declared August 2026 distributions totaling $0.1813 to $0.1990 per share across classes and reported net asset value of $24.45 per share. Payments are expected around September 30, 2026 for August 31, 2026 record holders.
Dec 21, 2024
16:33
Compliance
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HPS Corporate Lending Fund renewed joint fidelity insurance with Federal Insurance for August 10, 2026 to August 10, 2027, with most coverage categories carrying $5 million single-loss limits and a $9,498 premium. HPS Corporate Capital Solutions Fund is also covered.
Oct 21, 2025
11:10
Personnel
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HPS Corporate Lending Fund asked shareholders to re-elect Chairman and Chief Executive Officer Michael Patterson and Trustee Robin Melvin for five-year terms expiring in 2031. Shareholders as of July 30, 2026 may vote by October 27, 2026.
May 14, 2024
15:26
Subscriptions
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HPS Corporate Lending Fund filed an amendment solely to further extend the effective date for its registration statement to register additional shares from July 20, 2026 to September 14, 2026.
Jun 14, 2026
11:52
Personnel
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HPS Corporate Lending Fund asks shareholders to elect Trustee Robin Melvin and Trustee and Chief Executive Officer Michael Patterson for five-year terms expiring in 2031. Shareholders as of July 30, 2026 may vote; uninstructed intermediary-held shares will not be voted.
Dec 10, 2023
17:04
Fees, Redemptions
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HPS Corporate Lending Fund is offering to repurchase up to 24,668,750 shares, about 5% outstanding, at September 30, 2026 net asset value. Requests are due September 4, 2026; certain shares held under one year face a 2% deduction.
Oct 05, 2025
10:22
Debt Issuances
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HPS Corporate Lending Fund amended its senior secured revolving credit agreement, increasing lender commitments from $2.65 billion to $3.33 billion and extending maturity from April 29, 2030 to August 4, 2031. The fund has expanded borrowing capacity and revolving availability through August 4, 2030.
Mar 03, 2024
19:31
Redemptions
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HPS Corporate Lending Fund reported final tender offer results: 66.7 million shares were tendered, 25.1 million were accepted on a pro rata basis, and $612.1 million was paid around July 31, 2026.
Preview
News
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Capital Flows
BDCs
Debt
North America
Redemption pressure at BlackRock's BDC stretches into third quarter
Sep 11, 2026

The $25 billion HPS Corporate Lending Fund has once again limited withdrawals after repurchase requests hit ~11.5% of outstanding shares.

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Debt
BDCs
Capital Flows
North America
BlackRock BDC joins Ares in opposing unsolicited tender offer
Jul 28, 2026

Cox Capital currently has outstanding cash offers for five private debt vehicles, with discounts to NAV ranging from 14% to 37%.

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BDCs
Debt
Capital Flows
North America
Cox Capital launches tender offers for three major BDCs
Jul 14, 2026

The ~$30 million transaction will provide liquidity to shareholders in private debt funds managed by BlackRock, Apollo, and Ares at 15-30% discounts.

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Contributors
Research & Stats
Debt
BDCs
Capital Flows
After the Storm: Why Private Credit Redemption Queues Will Endure
Jul 8, 2026

Mark Goldberg of Alternative Investments Market Intelligence analyzes why redemption queues across non-traded BDCs could take years to clear despite easing withdrawal demand.

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BDCs
Debt
Capital Flows
North America
BlackRock's BDC caps redemptions for second straight quarter
Jun 12, 2026

HPS Corporate Lending Fund is the latest private debt vehicle in Q2 to gate redemptions at 5%, after investors sought to withdraw 13.3% of outstanding shares.

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Capital Flows
Debt
BDCs
BlackRock's non-traded BDC declares $113 million distribution
Jun 4, 2026

HPS Corporate Lending Fund recently raised $600 million through an offering of 6.3% unsecured notes due 2031.

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Debt
BDCs
North America
BlackRock's non-traded BDC seeks $600 million in notes
May 14, 2026

The $26 billion HPS Corporate Lending Fund recently capped its Q1 share repurchase offer to 5% of NAV after being met with 9.3% in redemptions.

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BDCs
Debt
Managers
North America
Private credit dislocations drive compelling opportunities; BlackRock's Fink
Apr 15, 2026

The firm recently restricted redemptions in its $26 billion non-traded BDC, HPS Corporate Lending Fund (HLEND).

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BDCs
Debt
Capital Flows
Yet another BDC pumps the brakes on redemptions
Mar 6, 2026

Withdrawal requests in BlackRock's non-traded private credit fund have breached its quarterly cap for the first time since inception.

HPS Corporate Lending Fund
HPS Investment Partners, LLC is responsible for managing HPS Corporate Lending Fund.
HPS Corporate Lending Fund launched in 2022.
HPS Corporate Lending Fund is registered as a '40 Act fund.
HPS Corporate Lending Fund is structured as a Non-Traded BDC fund.
You can invest in HPS Corporate Lending Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in HPS Corporate Lending Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of HPS Corporate Lending Fund quarterly, subject to redemption limits and notice requirements.
Shares of HPS Corporate Lending Fund can be purchased in USD.
HPS Corporate Lending Fund's fiscal year end is December 31.
HPS Corporate Lending Fund's net asset value was $12,049.6 million and its portfolio had a fair value of $24,964.4 million as of June 30, 2026.
Among other deal types, HPS Corporate Lending Fund primarily makes Debt Investments.
Among other asset classes, HPS Corporate Lending Fund primarily invests in Direct Lending.
Among other regions, HPS Corporate Lending Fund primarily invests in the USA and Globally.
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