HPS Corporate Lending Fund Updates Monthly NAV Per Share
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 Sept. 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 Sept. 30, 2022.
Class I, Class D, and Class F shares had an NAV per share of $24.21 as of Sept. 30, 2022, compared to $24.48 as of July 31, 2022.
As of Sept. 30, 2022, the fund’s aggregate NAV was $3.16 billion, the fair value of its investment portfolio was $4.59 billion, and it had principal debt outstanding of $1.44 billion, resulting in a debt-to-equity ratio of approximately 0.46 times.
As of July 31, 2022, the fund’s aggregate NAV was $2.38 billion, the fair value of its investment portfolio was $3.42 billion and it had principal debt outstanding of $1.03 billion, resulting in a debt-to-equity ratio of approximately 0.43 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 Oct. 1, 2022, the fund has issued 133.8 million shares for total consideration of $3.3 billion.
