HPS Corporate Lending Fund

1, 2025 (the “ Closing Date ”), HPS Corporate Lending Fund (the “ Company ”) entered into a new investment advisory agreement (the “ New Investment Advisory Agreement ”) between... (2025-07-01)
1, 2025 (the “ Closing Date ”), HPS Corporate Lending Fund (the “ Company ”) entered into a new investment advisory agreement (the “ New Investment Advisory Agreement ”) between the Company and the Adviser, the Company’s current investment adviser. The New Investment Advisory Agreement was previously approved by a majority of the outstanding voting securities of the Company at a special meeting of shareholders of the Company held on April 16, 2025 (the “ Special Meeting ”) to become effective upon the closing of the Transaction. The New Investment Advisory Agreement is substantively identical

Redemptions accelerated to $210.4M from $110.8M the prior period (period ended 2025-06-30).
Redemptions accelerated to $210.4M from $110.8M the prior period (period ended 2025-06-30). (Rule C14: Redemption acceleration: repurchase/redemption dollars up >= 25%; Notify.)

The fund leaned harder on leverage: 69% -> 72% of its allowed leverage in use in one period (period ended 2025-03-31).
The fund leaned harder on leverage: 69% -> 72% of its allowed leverage in use in one period (period ended 2025-03-31). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2025-01-15)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 15, 2025, Grishma Parekh notified the Board of Trustees (the “ Board ”) of the HPS Corporate Lending Fund (the “ Company ”) that she is resigning from the Board of the Company effective and contingent upon the closing of the transaction (the “ Transaction ”) pursuant to which BlackRock, Inc. and certain of its affiliates will acquire 100% of the business and assets of HPS Investment Partners, LLC (“ HPS ”) in order to comply with the Sect

The fund leaned harder on leverage: 62% -> 69% of its allowed leverage in use in one period (period ended 2024-12-31).
The fund leaned harder on leverage: 62% -> 69% of its allowed leverage in use in one period (period ended 2024-12-31). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)

On November 27, 2024, the Board of Trustees of the Fund adopted the Fund’s Seventh Amended and Restated Declaration of Trust (the “ Seventh Amended and Restated Declaration of... (2024-11-27)
On November 27, 2024, the Board of Trustees of the Fund adopted the Fund’s Seventh Amended and Restated Declaration of Trust (the “ Seventh Amended and Restated Declaration of Trust ”), effective the same day, in response to comments issued by certain state securities regulators in connection with their review of the Offering. The Seventh Amended and Restated Declaration of Trust, among other items, clarifies that certain types of costs and expenses of the Administrator will not be borne by the Fund. The description above is only a summary of material updates to the Seventh Amended and Restate

Agreement On November 27, 2024, HPS Corporate Lending Fund (the “ Fund ”) entered into a Second Amended and Restated Investment Advisory Agreement (the “ Second Amended and... (2024-11-27)
Agreement On November 27, 2024, HPS Corporate Lending Fund (the “ Fund ”) entered into a Second Amended and Restated Investment Advisory Agreement (the “ Second Amended and Restated Investment Advisory Agreement ”) with HPS Advisors, LLC, the Fund’s investment adviser (the “ Adviser ”). The Second Amended and Restated Investment Advisory Agreement amends and restates the Amended and Restated Investment Advisory Agreement dated as of June 30, 2023, by and between the Fund and the Adviser (the “ Amended and Restated Investment Advisory Agreement ”) in response to comments issued by certain state

Net investment income covered only 88% of distributions in the period ended 2023-12-31; the gap was funded from capital or gains.
Net investment income covered only 88% of distributions in the period ended 2023-12-31; the gap was funded from capital or gains. (Rule C21: Distribution coverage: distribution_nii_coverage < 100%; Notify.)

Agreement On June 30, 2023, HPS Corporate Lending Fund (the “ Fund ”) entered into an Amended and Restated Investment Advisory Agreement (the “ A&R Investment Advisory Agreement... (2023-06-30)
Agreement On June 30, 2023, HPS Corporate Lending Fund (the “ Fund ”) entered into an Amended and Restated Investment Advisory Agreement (the “ A&R Investment Advisory Agreement ”) with HPS Advisors, LLC (the “ Adviser ”), a wholly-owned subsidiary of HPS Investment Partners, LLC (“ HPS ”), and HPS in connection with a corporate reorganization of the investment advisory operations with respect to the Fund. The Adviser operates as a consolidated subsidiary of HPS and has access to the same resources and investment personnel for management of the Fund as HPS. In addition, investment advisory per

New share sales fell 83% versus the same period last year ($910.6M -> $152.7M, period ended 2023-03-31).
New share sales fell 83% versus the same period last year ($910.6M -> $152.7M, period ended 2023-03-31). (Rule C13: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year; Notify.)

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2023-02-28)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective as of February 28, 2023, the Board of Trustees (the “Board”) appointed Donna Milia as a trustee of HPS Corporate Lending Fund (the “Fund”). Effective upon the appointment of Ms. Milia as a trustee, the size of the Board was expanded from five to six members. The Board appointed Ms. Milia to the Nominating and Governance Committee and the Audit Committee. Ms. Milia served as a Senior Advisor of Galaxy Digital (TSX: GLXY) from 2019 to 2022.

On April 28, 2022, the Board of Trustees of the Fund appointed Robert Busch as Chief Financial Officer and Principal Accounting Officer of the Fund, effective as of the close of... (2022-04-28)
On April 28, 2022, the Board of Trustees of the Fund appointed Robert Busch as Chief Financial Officer and Principal Accounting Officer of the Fund, effective as of the close of business on May 16, 2022. Ms. Busch, age 39, is a Managing Director at HPS Investment Partners, LLC (" HPS "). Prior to joining HPS in 2022, Mr. Busch was a Managing Director at Blackstone Credit (“BXC”) where he served as Chief Accounting Officer and Treasurer of BXC’s non-traded business development company (“BDC”), Blackstone Private Credit Fund (“BCRED”), and publicly-traded BDC, Blackstone Secured Lending Fund (“B

On February 1, 2022, the board of trustees of the Fund approved the Fund’s Fourth Amended and Restated Declaration of Trust (the “Fourth Amended and Restated Declaration of... (2022-02-01)
On February 1, 2022, the board of trustees of the Fund approved the Fund’s Fourth Amended and Restated Declaration of Trust (the “Fourth Amended and Restated Declaration of Trust”) to update a number of items. As amended, the Fourth Amended and Restated Declaration of Trust, among other items, clarifies that the Fund is prohibited from incurring the cost of liability insurance which insures the Sponsor (as defined in the Fourth Amended and Restated Declaration of Trust) for any liability as to which the Sponsor is prohibited from being indemnified under the Omnibus Guidelines Statement of Poli