Thu, Nov 14, 8:37 PM (247 days ago)
HPS Corporate Capital Solutions Fund (HPS) reported significant financial growth in its quarterly results for the period ending September 30, 2024. Total assets surged to $730.3 million, up from only $3 thousand at the end of 2023, primarily due to the acquisition of non-controlled/non-affiliated investments valued at $707.9 million. The fund generated total investment income of $18.9 million for the quarter, driven mainly by interest income of $16.4 million, while net investment income after excise tax was $17.1 million. The fund's expenses totaled $7.3 million, reflecting management fees and interest costs. Notably, the Adviser waived $5.7 million in fees during the period. HPS's net assets increased to $561.1 million, with a NAV per share of $26.23. The leverage ratio stood at 0.25x, well within regulatory limits. Future operations may face uncertainties due to geopolitical factors and fluctuating interest rates, with 92.5% of debt investments at floating rates. The company plans to continue its strategy focused on upper middle-market companies while maintaining liquidity through a share repurchase program. Overall, HPS exhibits strong quarterly performance metrics and a robust investment portfolio.