Home Alts News HPS Corporate Lending Fund Declares NAV Per Share

HPS Corporate Lending Fund Declares NAV Per Share

HPS Corporate Lending Fund, a perpetual-life non-traded business development company, has declared its net asset value per share for June 30, 2022.

HPS Corporate Lending Fund, a perpetual-life non-traded business development company  sponsored by HPS Investment Partners, has declared its net asset value per share for June 30, 2022.

Class I, Class D, and Class F shares had an NAV per share of $24.32 as of June 30, 2022, compared to $24.61 the previous month.

As of June 30, 2022, the fund’s aggregate NAV was $2.15 billion, the fair value of its investment portfolio was $3.02 billion, and it had principal debt outstanding of $788.4 million, resulting in a debt-to-equity ratio of approximately 0.37 times.

The previous month, the fund’s aggregate NAV was $1.81 billion, the fair value of its investment portfolio was $2.64 billion, and it had principal debt outstanding of $548.3 million, resulting in a debt-to-equity ratio of approximately 0.30 times.

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 August 1, 2022, the fund has issued 96.4 million shares for total consideration of $2.4 billion.

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