HPS Corporate Lending Fund
HPS Corporate Lending Fund honored 43.71% of $1,379,959,394 requested in Q4 2026, per its SC TO-I/A filed 2026-11-02.
- Fund
- HPS Corporate Lending Fund
- Type
- Non-traded BDC
Most recent quarter
Every figure above was read from this filing: SC TO-I/A filed .
How we read this filing
The filing’s own words
Verbatim sentences from the SC TO-I/A filed Nov 2, 2026 . Each figure on this page traces to one of them.
56,440,057 Shares of the Fund were validly tendered and not withdrawn prior to the expiration of the Offer.
The Fund accepted for purchase 24,668,750 Shares on a pro rata basis based on the number of tendered Shares, representing 5% of the Shares of the Fund outstanding as of June 30, 2026.
Pursuant to the promissory notes, the Fund paid on or about October 30, 2026 to the tendering Shareholders a total of $603,043,556, representing the net asset value as of September 30, 2026 of the total amount of Shares tendered by Shareholders and accepted for purchase by the Fund upon the terms and subject to the conditions set forth in the Offer to Purchase.
The net asset value of Shares tendered pursuant to the Offer was calculated as of the Valuation Date in the amount of $24.45.
Checks we ran
Each extracted figure is cross-checked against the others before anything is published. A filing that fails a check is not estimated — it is listed as one we could not read.
| Check | Result | Detail |
|---|---|---|
| nav_per_share_detected | Passed | The stated net asset value of $24.45 is below $10,000, so it is a NAV PER SHARE, not an aggregate. The requested total is 56,440,057 shares x $24.45 = $1,379,959,394. |
| shares_accepted_within_tendered | Passed | 24,668,750 shares accepted vs 56,440,057 tendered. A fund cannot accept more than was offered to it. |
| honored_pct_in_range | Passed | Honored 43.71% of shares tendered. |
| requested_usd_plausible | Passed | Requested $1,379,959,394 — at or above the $1,000,000 scale floor. |
| honored_not_above_requested | Passed | Honored $603,043,556 of $1,379,959,394 requested. |
| shares_x_nav_matches_paid | Passed | 24,668,750 shares accepted x $24.45 NAV/share = $603,150,938, against $603,043,556 the filing says was paid (0.02% apart, measured against the larger, gross side). |
| dollars_consistent_with_shares | Passed | Dollars honored are 43.70% of dollars requested, against 43.71% of shares. These describe the same event and must agree to within 5 points (the gap is the early repurchase deduction). |
| implied_nav_per_share_agrees | Passed | The request implies $24.45 a share ($1,379,959,394 / 56,440,057); what was honored implies $24.45 ($603,043,556 / 24,668,750). Every share in one offer is priced at the same net asset value, so these must agree. |
| implied_nav_per_share_plausible | Passed | The implied net asset value is $24.45 a share. A non-traded BDC prices in the tens of dollars; a figure far outside that is a misread, not a discovery. |
How we built this list, and what we exclude — the derivation of the fund list, the cross-checks every figure has to pass, and the funds that are deliberately absent.
Repurchase history
Every quarter of this fund for which a result could be read from a filing, newest first. Each row cites the document it came from.
| Period | Honored % | Requested | Honored | Source filing |
|---|---|---|---|---|
| Q4 2026 | 43.71% Prorated | $1.4bn | $603m | SC TO-I/A · |
| Q3 2026 | 37.59% Prorated | $1.6bn | $612m | SC TO-I/A · |
| Q2 2026 | 54.04% Prorated | $1.1bn | $611m | SC TO-I/A · |
| Q1 2026 | 100.00% Honored in full | $477m | $477m | SC TO-I/A · |
| Q4 2025 | 100.00% Honored in full | $176m | $176m | SC TO-I/A · |
| Q3 2025 | 100.00% Honored in full | $187m | $187m | SC TO-I/A · |
| Q2 2025 | 100.00% Honored in full | $210m | $210m | SC TO-I/A · |
| Q1 2025 | 100.00% Honored in full | $111m | $111m | SC TO-I/A · |
| Q4 2024 | 100.00% Honored in full | $45.2m | $45.2m | SC TO-I/A · |
| Q3 2024 | 100.00% Honored in full | $56.3m | $56.3m | SC TO-I/A · |
| Q2 2024 | 100.00% Honored in full | $59.5m | $59.5m | SC TO-I/A · |
| Q1 2024 | 100.00% Honored in full | $64.3m | $64.3m | SC TO-I/A · |
| Q4 2023 | 100.00% Honored in full | $34.8m | $34.8m | SC TO-I/A · |
| Q3 2023 | 100.00% Honored in full | $98.7m | $98.6m | SC TO-I/A · |
Source: this fund’s own filings on SEC EDGAR (Schedule TO-I and its amendments). “Honored in full” means every share validly tendered was repurchased; “prorated” means a share of each request was.