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HPS Corporate Lending Fund Announces Special Distribution

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HPS Corporate Lending Fund, a perpetual-life non-traded business development company sponsored by HPS Investment Partners, announced a year-end special cash distribution of $0.13 per share, payable on Jan. 31, 2023, to shareholders of record as of Dec. 31, 2022.

As The DI Wire previously reported in November 2022, the BDC declared its most recent estimated net asset value per share as of Sept. 30, 2022.

HPS Corporate Lending Fund was formed to invest primarily in newly originated senior secured debt and other securities of private U.S. companies within the middle market and upper middle market. The fund launched in late January 2022 and seeks to raise $4 billion. As of Oct. 1, 2022, the fund has issued 133.8 million shares for total consideration of $3.3 billion.

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