Private company

HPS Corporate Lending Fund

Fund based in Wilmington, United States2

In its 2026 annual report the company says: “We are 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, as amended. We are externally managed by HPS Advisors, LLC, a wholly-owned subsidiary of HPS Investment Partners, LLC. We have elected to be treated for federal income tax purposes, and intend to qualify annually thereafter, as a regulated investment company as defined under Subchapter M of the Internal Revenue Code of 1986, as amended.”6

Last updated Oct 20, 2026.

Overview

$938.6MNet income, fiscal 20253
  • HeadquartersWilmington, United States2
  • Incorporated inNY4
  • Business address40 West 57Th Street, 33Rd Floor, New York, Ny 100194
  • Filer categoryNon-accelerated filer4
  • Legal formStatutory Trust2
  • Kind of organizationFund2
  • LEI549300ZS7IHUA6FKFV612
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o WILMINGTON TRUST, NATIONAL ASSOCIATION, RODNEY SQUARE NORTH 1100 NORTH MARKET STREET, 19890 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 45365922

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HPS Corporate Lending Fund was formed on December 23, 2020, as a Delaware statutory trust. We seek to invest primarily in newly originated senior secured debt and other securities, including syndicated loans, of private U.S. companies within the upper middle market. We are a non-diversified, closed-end management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). We are externally managed by HPS Advisors, LLC (the “Adviser”), a wholly-owned subsidiary of HPS Investment Partners, LLC (the “Administrator” or “HPS”). HPS is part of BlackRock Inc. (“BlackRock”), one of the world’s leading providers of investment, advisory, and risk management solutions. We have elected to be treated for federal income tax purposes, and intend to qualify annually thereafter, as a regulated investm…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.5%Return on equity3

Financial statements

Net income783$938.6M in 2025
0$250.0M$500.0M$750.0M$1.0B2021: $0$020212022: $58.9M$58.9M20222023: $654.6M$654.6M2023+1010%2024: $838.9M$838.9M2024+28%2025: $938.6M$938.6M2025+12%
Fiscal year20212022202320242025
Interest$07$54.0M7$257.8M7
Net income$07$58.9M8$654.6M3$838.9M3$938.6M3

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Corporate structure

HPS Corporate Lending Fund sits at the top of its group. 26 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • HPS Corporate Lending Fund Wilmington, Delaware, United States
    • HLEND CLO 2023-1 Investments, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2023-1, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2024-2 Investments, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2024-2, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2025-3 Investments, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2025-3, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2025-4 Investments, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2025-4, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2026-5 Investments, LLC Subsidiary · Delaware, United States
    • HLEND CLO 2026-5, LLC Subsidiary · Delaware, United States
    • HLEND DS Lux SARL Subsidiary · Luxembourg
    • HLEND FEP, LLC Subsidiary · Delaware, United States
    • HLEND Holdings A GP, LLC Subsidiary · Delaware, United States
    • HLEND Holdings A, L.P. Subsidiary · Delaware, United States
    • HLEND Holdings B GP, LLC Subsidiary · Delaware, United States
    • HLEND Holdings B, L.P. Subsidiary · Delaware, United States
    • HLEND Holdings C GP, LLC Subsidiary · Delaware, United States
    • HLEND Holdings C, L.P. Subsidiary · Delaware, United States
    • HLEND Holdings D GP, LLC Subsidiary · Delaware, United States
    • HLEND Holdings D, L.P. Subsidiary · Delaware, United States
    • HLEND Holdings E GP, LLC Subsidiary · Delaware, United States
    • HLEND Holdings E, L.P. Subsidiary · Delaware, United States
    • HLEND Lux SARL Subsidiary · Luxembourg
    • HLEND OTM, LLC Subsidiary · Delaware, United States
    • HLEND QS Lux SARL Subsidiary · Luxembourg

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What HPS Corporate Lending Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$228.9M8 Dec 31, 2024$188.8M8 Dec 31, 2023+21.3%

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operation. Our corporate headquarters are located at 40 West 57th Street, 33rd Floor, New York, NY 10019 and are provided by the Administrator in accordance with the terms of our Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 20, 2026.6

Leadership

Who has led HPS Corporate Lending Fund, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (5)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • HLEND CLO 2023-1 Investments, LLC Delaware5
  • HLEND CLO 2023-1, LLC Delaware5
  • HLEND CLO 2024-2 Investments, LLC Delaware5
  • HLEND CLO 2024-2, LLC Delaware5
  • HLEND CLO 2025-3 Investments, LLC Delaware5
  • HLEND CLO 2025-3, LLC Delaware5
  • HLEND CLO 2025-4 Investments, LLC Delaware5
  • HLEND CLO 2025-4, LLC Delaware5
  • HLEND CLO 2026-5 Investments, LLC Delaware5
  • HLEND CLO 2026-5, LLC Delaware5
  • HLEND DS Lux SARL Luxembourg5
  • HLEND FEP, LLC Delaware5
  • HLEND Holdings A GP, LLC Delaware5
  • HLEND Holdings A, L.P. Delaware5
  • HLEND Holdings B GP, LLC Delaware5
  • HLEND Holdings B, L.P. Delaware5
  • HLEND Holdings C GP, LLC Delaware5
  • HLEND Holdings C, L.P. Delaware5
  • HLEND Holdings D GP, LLC Delaware5
  • HLEND Holdings D, L.P. Delaware5
  • HLEND Holdings E GP, LLC Delaware5
  • HLEND Holdings E, L.P. Delaware5
  • HLEND Lux SARL Luxembourg5
  • HLEND OTM, LLC Delaware5
All 25 listed subsidiaries
  • HLEND QS Lux SARL Luxembourg5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 23, 20268-K Regulation FD disclosure; Other events18
  2. Sep 11, 20268-K Regulation FD disclosure19
  3. Aug 26, 20268-K Regulation FD disclosure; Other events20
  4. Aug 5, 20268-K Entered a material agreement; New debt or obligation21
  5. Jul 27, 20268-K Regulation FD disclosure; Other events22
  6. Jun 24, 20268-K Regulation FD disclosure; Other events23
  7. Jun 12, 20268-K Regulation FD disclosure24
  8. May 28, 20268-K Regulation FD disclosure; Other events25
  9. May 19, 20268-K Entered a material agreement; New debt or obligation26
  10. May 13, 20268-K Other events27
  11. Apr 27, 20268-K Regulation FD disclosure; Other events28
  12. Apr 14, 20268-K Regulation FD disclosure29
  13. Dec 23, 2020Founded HPS Corporate Lending Fund is founded2

Calendar

When it reported results

  1. Apr 29, 2022Reported quarterly or annual results30

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

285 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 135 major events, 15 insider forms, 117 other. The latest 20:

  1. Oct 8, 2026N-2/A EDGAR
  2. Sep 23, 20268-K EDGAR
  3. Sep 11, 20268-K EDGAR
  4. Sep 11, 2026N-2/A EDGAR
  5. Aug 28, 2026DEFA14A EDGAR
  6. Aug 26, 20268-K EDGAR
  7. Aug 21, 202640-17G EDGAR
  8. Aug 21, 2026DEFA14A EDGAR
  9. Aug 14, 2026N-2/A EDGAR
  10. Aug 14, 2026DEF 14A EDGAR
  11. Aug 13, 202610-Q EDGAR
  12. Aug 10, 2026SC TO-I EDGAR
  13. Aug 5, 20268-K EDGAR
  14. Aug 4, 2026SC TO-I/A EDGAR
  15. Jul 27, 20268-K EDGAR
  16. Jul 17, 2026N-2/A EDGAR
  17. Jun 24, 20268-K EDGAR
  18. Jun 18, 2026N-2/A EDGAR
  19. Jun 12, 20268-K EDGAR
  20. May 28, 20268-K EDGAR

The 285 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 1, 2022Patterson Michael DavisChief Executive OfficerBuy200,000$25.00$5.0MForm 4
Mar 1, 2022Parekh GrishmaBuy20,000$25.00$500.0KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How HPS Corporate Lending Fund is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHPS Corporate Lending Fund1
  • CIK0001838126
  • Employer ID (EIN)87-63910456
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Business address40 West 57Th Street, 33Rd Floor, New York, NY 100191
  • Phone212.287.67671
  • Shares outstanding207,774,660 Common Class I shares; 46,080,265 Common Class D shares; 231,024,842 Common Class F shares; 33,599,792 Common Class S shares as of Mar 10, 20266
  • Public float$0 as of Dec 31, 20253
  • AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceDec 30, 20201
  • Filings300 in all: 8-K (135), N-2/A (20), SC TO-I (18), SC TO-I/A (17), 10-Q (14), 3 (12), 424B3 (10), CORRESP (9)1
    All 29 form types

    40-APP/A (8), 40-17G (7), 40-APP (5), 486BPOS (5), 10-K (4), DEFA14A (4), EFFECT (4), N-14 8C/A (4), N-2 (4), 4 (3), N-14 8C (3), APP NTC (2), APP ORDR (2), DEF 14A (2), IRANNOTICE (2), 8-A12G (1), APP WD (1), APP WDG (1), N-54A (1), N-6F (1), PRE 14A (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Aug 14, 2026
    Latest 8-K (8-K) Sep 23, 2026

Risk factors and legal proceedings

The risks HPS Corporate Lending Fund names in Item 1A of its 10-K filed Mar 20, 2026: 79 risks under these headings, as written.6

  • A. Risks Relating to Our Business and Structure
  • We Have Limited Operating History.
  • We May Not be Able to Meet our Investment Objective.
  • We are Dependent on the Investment Team.
  • Shareholders Have No Right to Control Our Operations.
  • Our Assets are Subject to Recourse.
  • We Borrow Money, Which Magnifies the Potential for Gain or Loss on Amounts and May Increase the Risk of Investing With Us.
  • There Can be No Assurance We Will be Able to Obtain Leverage.
  • We are Subject to Risks Relating to the Availability of Asset-Based Leverage.
  • We are Subject to Risks Relating to Use of Leverage.
  • We are Subject to Risks Relating to Seller Financing.
  • We are Subject to Risks Relating to Obtaining a Rating from One or More Credit Rating Agencies.
The other 67 risks
  • The Adviser May be Required to Expedite Investment Decisions.
  • We are Subject to Risks Relating to Insurance.
  • We are Subject to Risks Relating to Indemnification.
  • We are Subject to Risks Relating to Certain Proceedings and Investigations.
  • We are Not Registered as an Investment Company Under the 1940 Act.
  • We are Subject to Risks Relating to Portfolio Valuation.
  • We are Subject to Risks Relating to Rights Against Third Parties, Including Third-Party Service Providers.
  • We are Subject to Risks Relating to Lack of Diversification.
  • We are Subject to Risks Relating to Consultation with Sourcing and Operating Partners.
  • We are Subject to Risks Relating to the Timing of Realization of Investments.
  • We May be Required to Disclose Information Regarding Shareholders.
  • We are Subject to Operational Risks.
  • We are Subject to Risks Relating to Exposure to Material Non-Public Information.
  • We are Subject to Risks Relating to Technology Systems.
  • We are Subject to Risks Relating to Cybersecurity.
  • We are Subject to Risks Associated with Use of Artificial Intelligence and Machine Learning Technology.
  • We are Subject to Risks Associated with Technological Innovation.
  • We are Subject to Risks Associated with Sourcing, Operating or Joint Venture Partners.
  • We are Subject to Risks Relating to Electronic Delivery of Certain Documents.
  • We are Subject to Risks Relating to Handling of Mail.
  • We are Subject to General Credit Risks.
  • The Prices of Our Investments Can be Volatile.
  • We are Subject to Risks Relating to Syndication and/or Transfer of Investments.
  • We May Need to Raise Additional Capital.
  • We are Subject to Counterparty Risks.
  • We are Dependent on Key Personnel.
  • Investors May be Required to Return Distributions to Satisfy Our Unpaid Debts.
  • Our Board May Make Certain Changes in Our Investment Objective, Operating Policies or Strategies Without Prior Notice or Investor Approval.
  • Our Board May Make Certain Changes to Our Declaration of Trust Without Prior Investor Approval.
  • We are Subject to Risks Relating to Allocation of Investment Opportunities and Related Conflicts.
  • We are Subject to Risks Relating to Distributions.
  • Our Board Has the Discretion to Not Repurchase Common Shares and to Suspend the Share Repurchase Program.
  • The Timing of Repurchase May be Disadvantageous.
  • Investing in Large Private U.S. Borrowers May Limit Our Ability to Achieve High Growth Rates During Times of Economic Expansion.
  • We Face Risks Associated With the Deployment of Capital.
  • Transactions Denominated in Foreign Currencies Subject Us to Foreign Currency Risks.
  • Our Investments in Foreign Companies or Investments Denominated in Foreign Currencies May Involve Significant Risks in Addition to the Risks Inherent in U.S. and U.S. Dollar Denominated Investments.
  • The Capital Markets May Experience Periods of Disruption and Instability. Such Market Conditions May Materially and Adversely Affect Debt and Equity Capital Markets, Which May Have a Negative Impact on Our Business and Operations.
  • We are Exposed to Risks Associated With Changes in Interest Rates, Including the Current Elevated Interest Rate Environment.
  • We are Subject to Risks Relating to Volatility in the Banking Sector.
  • B. Risks Relating to Our Investments
  • We are Subject to General Risks.
  • Our Portfolio Companies May be Highly Leveraged.
  • We are Subject to Risks Relating to Issuer/Borrower Fraud.
  • We are Subject to Risks Due to Our Reliance on Portfolio Company Management.
  • We are Subject to Risks Relating to Environmental Matters.
  • The Value of Certain Portfolio Investments May Not be Readily Determinable.
  • We May Elect Not to or May be Unable to Make Follow-On Investments in Portfolio Companies.
  • We May Be Subject to Risks Due to Not Holding Controlling Equity Interests in Portfolio Companies.
  • We are Subject to Risks Relating to Defaults by Portfolio Companies.
  • We are Subject to Risks Relating to Third Party Litigation.
  • Inflation May Adversely Affect the Business, Results of Operations and Financial Condition of Our Portfolio Companies.
  • We are Subject to Risks Related to Reliance on Projections.
  • Economic Conditions May Have Adverse Effects on Us and the Portfolio Companies.
  • We are Subject to Risks Relating to Reduced Investment Opportunities.
  • We are Subject to Risks Relating to Investments in Undervalued Assets.
  • We Operate in a Competitive Debt Environment.
  • We are Subject to Risks Relating to Illiquidity of Our Assets and Distributions In Kind.
  • We are Subject to Risks Relating to Priority of Repayment of Debt Investments.
  • We are Subject to Risks Relating to Certain Guarantees.
  • We are Subject to Risks Relating to Secured Loans.
  • We are Subject to Risks Relating to Senior Secured Debt and Unitranche Debt.
  • We are Subject to Business and Credit Risks.
  • Our Investments May be Affected by Force Majeure Events.
  • We are Subject to Risks Relating to Infectious Disease and Pandemics.
  • We Invest in Loans with Limited Amortization Requirements.
  • We are Subject to Risks Relating to Potential Early Redemption of Some Investments.
  • We are Subject to Risks Relating to Licensing Requirements.

Legal proceedings

We are not currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, we do not expect that any such future proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.6

Sources

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    SEC EDGAROther events
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