HPS Corporate Lending Fund Declares June Payouts as Net Assets Top $12.5 Billion
The credit-focused fund held its per-share value steady at $24.73 while pressing ahead with an offering that has now drawn $13.9 billion.
May 29, 2026
HPS Corporate Lending Fund has approved its latest round of shareholder distributions and released updated portfolio metrics, underscoring continued momentum for the non-traded vehicle’s ongoing capital-raising effort.
Distributions Across All Share Classes
On May 27, 2026, the Fund’s board declared both regular and variable supplemental distributions for each of its four classes of common shares. Every class shares an identical gross distribution of $0.1600 per share and the same variable supplemental component of $0.0440 per share. What ultimately reaches shareholders, however, varies by class because of differing shareholder servicing and distribution fees.
- Class I — $0.2040 per share, the highest total, as these shares carry no servicing or distribution fee.
- Class D — $0.1987 per share, after a $0.0053 fee.
- Class F — $0.1935 per share, after a $0.0105 fee.
- Class S — $0.1861 per share, the lowest, after a $0.0179 fee.
The distributions are payable to holders of record as of May 31, 2026, with payment expected on or about June 30, 2026. Investors may receive the proceeds in cash or reinvest them in additional shares through the Fund’s distribution reinvestment plan.
Portfolio and Net Asset Value
The Fund reported that its net asset value held steady at $24.73 per share across all classes as of April 30, 2026. In aggregate, net assets reached roughly $12.59 billion, supported by an investment portfolio valued at about $24.85 billion. Outstanding principal debt totaled approximately $12.8 billion, yielding an average debt-to-equity ratio of about 0.99 times during April.
Status of the Continuous Offering
The Fund continues to market shares on a monthly basis under a continuous public offering authorized for up to $15.0 billion. Through the May 1, 2026 subscription date, it had issued roughly 553.5 million shares for total consideration of about $13.9 billion, and management signaled its intent to keep selling shares as the offering advances.
- Class F — about 237.8 million shares for roughly $5.9 billion.
- Class I — about 228.6 million shares for roughly $5.8 billion.
- Class D — about 52.5 million shares for roughly $1.3 billion.
- Class S — about 34.6 million shares for roughly $0.9 billion.
Robert Busch, the Fund’s chief financial officer and principal accounting officer, authorized the disclosure on May 28, 2026.
