HLEND reports 10.2% annualized return; Q2 tender requests 13.3%, fund to repurchase 5%

HPS Corporate Lending Fund

HLEND delivered 10.2% annualized total net return (Class I) since inception through April 30, 2026.
Annualized distribution rate of 9.9% for Class I as of May 2026.
Q2 repurchase requests ~13.3% of shares outstanding; fund will fulfill 5% (~$620 million).
Portfolio: >95% first lien senior secured; revenue/EBITDA growth 11% TTM; interest coverage 2.3x.
Leverage at 1.0x (low end of target); liquidity ~$7.2B including $4.9B debt capacity and $1.6B liquid assets.

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