HPS Corporate Lending Fund Declares Sept 2026 Distributions; Reports NAV

What Happened
HPS Corporate Lending Fund filed an 8-K on September 23, 2026 disclosing (1) regular and supplemental distributions declared for September 2026 and (2) the fund’s net asset value (NAV), portfolio and debt figures as of August 31, 2026. The Fund declared per-share regular and variable supplemental distributions payable to shareholders of record on September 30, 2026, to be paid on or about October 30, 2026. Shareholders may receive the distributions in cash or via the Fund’s distribution reinvestment plan.

Key Details

• Distribution declared (per share, total = regular + variable supplemental):
  • Class I: Total $0.1990 ($0.1600 regular; $0.0390 supplemental)
  • Class D: Total $0.1940 ($0.1600 gross; $0.0050 servicing fee; $0.0390 supplemental)
  • Class F: Total $0.1890 ($0.1600 gross; $0.0100 servicing fee; $0.0390 supplemental)
  • Class S: Total $0.1819 ($0.1600 gross; $0.0171 servicing fee; $0.0390 supplemental)
• NAV and balance sheet (as of August 31, 2026): NAV per share $24.45 for all classes; aggregate NAV $12,264.6 million; fair value of investment portfolio $23,174.3 million; principal debt outstanding $11,221.2 million.
• Leverage and offering: Average debt-to-equity in August 2026 was ~0.92x. The Fund continues a continuous public offering up to $15.0 billion; through the September 1, 2026 subscription date it had issued 568,445,779 shares for total consideration of $14,273.9 million (by class: Class I $6,054.2M; Class D $1,313.8M; Class F $6,005.7M; Class S $900.2M).

Why It Matters

• The declared distributions indicate current cash (or reinvestment) returns shareholders can expect for the September period.
• The NAV, portfolio fair value, and outstanding debt provide a snapshot of the Fund’s size and leverage (debt-to-equity ~0.92x), useful for assessing risk and income sustainability.
• The near-complete $15.0 billion offering (about $14.27 billion subscribed) shows ongoing share issuance and fund growth, which can affect supply of shares and capital deployment.

Keywords: distributions, NAV, net asset value, offering, debt-to-equity, fund distributions, HPS Corporate Lending Fund.