August 13, 2026 - 10-Q: Quarterly report [Sections 13 or 15(d)] | Private Credit

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________________

FORM 10-Q

_____________________________________________________

(Mark One)


x			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026


o			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number 814-01715

________________________________________________________________________________________________

HPS Corporate Capital Solutions Fund

(Exact name of Registrant as specified in its Charter)

________________________________________________________________________________________________


Delaware						93-6616284
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

40 West 57th Street, 33rd Floor New York, NY						10019
(Address of principal executive offices)						(Zip Code)

Registrant’s telephone number, including area code: (212) 287-6767

________________________________________________________________________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:


Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	x	Smaller reporting company	o
Emerging growth company	x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

The Registrant’s Common Shares, $0.01 par value per share, outstanding as of August 10, 2026 was 11,770,671, 38,165,090 and 515 of Class I, Class D and Class S common shares, respectively. Common Shares outstanding exclude August 1, 2026 subscriptions since the issuance price is not yet finalized at the date of this filing.

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		Page

PART I	FINANCIAL INFORMATION
Item 1.	Consolidated Financial Statements	4
	Consolidated Statements of Assets and Liabilities as of June 3 0 , 2026 (Unaudited) and December 31, 2025	4
	Consolidated Statements of Operations for the three and six months ended June 30 , 2026 (Unaudited) and June 30 , 2025 (Unaudited)	6
	Consolidated Statements of Changes in Net Assets for the three and six months ended June 30 , 2026 (Unaudited) and June 30 , 2025 (Unaudited)	7
	Consolidated Statements of Cash Flows for the six months ended June 30 , 2026 (Unaudited) and June 30 , 2025 (Unaudited)	8
	Consolidated Schedule of Investments as of June 30 , 2026 (Unaudited)	10
	Consolidated Schedule of Investments as of December 31, 2025	26
	Notes to Consolidated Financial Statements (Unaudited)	41
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	74
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	91
Item 4.	Controls and Procedures	92

PART II	OTHER INFORMATION
Item 1.	Legal Proceedings	93
Item 1A.	Risk Factors	93
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	93
Item 3.	Defaults Upon Senior Securities	93
Item 4.	Mine Safety Disclosures	93
Item 5.	Other Information	94
Item 6.	Exhibits	94
Signatures

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about HPS Corporate Capital Solutions Fund (together, with its consolidated subsidiaries, the “Company”, “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

•our future operating results;

•our business prospects and the prospects of our portfolio companies, including our and their ability to achieve our respective objectives as a result of inflation, the imposition of tariffs, increases in borrowing costs and a potential global recession;

•the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing conflict between Russia and Ukraine and the broader Middle East conflict;

•the impact of the investments that we expect to make;

•our ability to raise sufficient capital to execute our investment strategy;

•our current and expected financing arrangements and investments;

•the adequacy of our cash resources, financing sources and working capital;

•changes in the general interest rate environment, including a sustained elevated interest rate environment, and uncertainty about the Federal Reserve’s intentions regarding interest rates in the future;

•the timing and amount of cash flows, distributions and dividends, if any, from our portfolio companies;

•our contractual arrangements and relationships with third parties;

•risks associated with the demand for liquidity under our share repurchase program and the continued approval of quarterly tender offers by the Board of Trustees (the “Board” or the “Board of Trustees”);

•actual and potential conflicts of interest with HPS Advisors, LLC (the “Adviser”) or any of its affiliates;

•the elevated level of inflation, and its impact on our portfolio companies and on the industries in which we invest;

•the dependence of our future success on the general economy and its effect on the industries in which we may invest;

•the availability of credit and/or our ability to access the capital markets;

•our use of financial leverage;

•the ability of the Adviser to source suitable investments for us and to monitor and administer our investments;

•the ability of the Adviser or its affiliates to attract and retain highly talented professionals;

•our ability to qualify for and maintain our qualification as a regulated investment company and as a business development company (“BDC”);

•the impact on our business of new or amended legislation or regulations;

•currency fluctuations, particularly to the extent that we receive payments denominated in currency other than U.S. dollars;

•the effect of changes to tax legislation and our tax position; and

•the tax status of the enterprises in which we may invest, including the imposition of tariffs upon either the supplies utilized by those enterprises or the enterprises’ end products.

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of any projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. Moreover, we assume no duty and do not undertake to update the forward-looking statements, except as required by applicable law. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).

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PART I - FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements.

HPS Corporate Capital Solutions Fund

Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share amounts)


	June 30, 2026		December 31, 2025
ASSETS	(Unaudited)
Investments at fair value
Non-controlled/non-affiliated investments (amortized cost of $2,238,446 and $2,128,768 at June 30, 2026 and December 31, 2025, respectively)	$	2,264,334	$	2,169,305
Non-controlled/affiliated investments (amortized cost of $9,666 and $9,436 at June 30, 2026 and December 31, 2025, respectively)	6,674		8,516
Total investments at fair value (amortized cost of $2,248,112 and $2,138,204 at June 30, 2026 and December 31, 2025, respectively)	2,271,008		2,177,821
Cash	20,832		14,402
Cash equivalents	28,812		9,700
Interest receivable from non-controlled/non-affiliated investments	17,363		19,386
Interest receivable from non-controlled/affiliated investments	137		46
Dividend receivable from non-controlled/non-affiliated investments	8		—
Deferred financing costs	5,186		5,865
Deferred offering costs	98		196
Derivative assets, at fair value (Note 6)	1,047		733
Receivable for investments	295		13,310
Other assets	4,018		263
Total assets	$	2,348,804	$	2,241,722
LIABILITIES
Debt (net of unamortized debt issuance costs of $1,527 and $1,778 at June 30, 2026 and December 31, 2025, respectively)	$	919,459	$	927,664
Payable for investments purchased	—		154
Interest payable	9,029		10,194
Due to affiliates	3,833		5,593
Distribution payable (Note 9)	12,619		22,664
Derivative liabilities, at fair value (Note 6)	4,368		3,094
Payable for share repurchases (Note 9)	61,336		10,725
Management fees payable (Note 3)	4,248		3,772
Income based incentive fees payable (Note 3)	4,928		4,683
Capital gains incentive fees payable (Note 3)	2,249		3,685
Shareholder servicing and/or distribution fees payable	217		580
Accrued expenses and other liabilities	691		900
Total liabilities	1,022,977		993,708
Commitments and contingencies (Note 8)
NET ASSETS
Common Shares, $0.01 par value (49,266,621 and 46,096,135 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively)	493		461
Additional paid in capital	1,280,790		1,194,869
Distributable earnings (loss)	44,544		52,684
Total net assets	1,325,827		1,248,014
Total liabilities and net assets	$	2,348,804	$	2,241,722

The accompanying notes are an integral part of these consolidated financial statements.

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HPS Corporate Capital Solutions Fund

Consolidated Statements of Assets and Liabilities

(in thousands, except share and per share amounts)


	June 30, 2026		December 31, 2025
NET ASSET VALUE PER SHARE	(Unaudited)
Class I Shares:
Net assets	$	314,157	$	308,404
Common Shares outstanding ($0.01 par value, unlimited shares authorized)	11,673,712		11,391,034
Net asset value per share	$	26.91	$	27.07
Class D Shares (Note 1):
Net assets	$	1,011,656	$	939,596
Common Shares outstanding ($0.01 par value, unlimited shares authorized)	37,592,394		34,704,586
Net asset value per share	$	26.91	$	27.07
Class S Shares:
Net assets	$	14	$	14
Common Shares outstanding ($0.01 par value, unlimited shares authorized)	515		515
Net asset value per share	$	26.91	$	27.07

The accompanying notes are an integral part of these consolidated financial statements.

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HPS Corporate Capital Solutions Fund

Consolidated Statements of Operations (Unaudited)

(in thousands)


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Investment income:
From non-controlled/non-affiliated investments:
Interest income	$	44,255	$	34,407	$	92,202	$	59,915
Payment-in-kind interest income	7,483		4,676		12,676		8,838
Dividend income	716		1,195		1,126		1,195
Other income	332		179		721		187
From non-controlled/affiliated investments:
Interest income	53		—		105		—
Payment-in-kind interest income	117		—		230		—
Total investment income	52,956		40,457		107,060		70,135
Expenses:
Interest expense	13,612		8,864		28,231		15,412
Management fees	4,248		2,942		8,296		5,243
Income based incentive fee	4,928		3,879		9,898		6,694
Capital gains incentive fee	213		(323)		(1,436)		(657)
Shareholder servicing and/or distribution fees
Class D	646		542		1,257		1,004
Class S	0		—		0		—
Professional fees	614		686		1,244		1,203
Board of Trustees’ fees	100		75		199		159
Administrative service expenses (Note 3)	465		552		983		991
Other general & administrative	646		660		1,257		1,165

Amortization of continuous offering costs	82		91		173		536
Total expenses	25,554		17,968		50,102		31,750
Expense support (Note 3)	—		(1,256)		—		(3,317)
Recoupment of expense support (Note 3)	633		—		1,047		—
Shareholder servicing and/or distribution fees waived (Note 3)	—		—		—		(462)
Management fees waived (Note 3)	—		(2,942)		—		(5,243)
Income based incentive fees waived (Note 3)	—		(3,879)		—		(6,694)
Net expenses	26,187		9,891		51,149		16,034
Net investment income before excise tax	26,769		30,566		55,911		54,101
Excise tax expense	337		726		691		796
Net investment income after excise tax	26,432		29,840		55,220		53,305
Net realized and change in unrealized gain (loss):
Realized gain (loss):
Non-controlled/non-affiliated investments	454		(216)		1,185		(580)
Foreign currency forward contracts	(701)		(3,078)		(114)		(4,009)
Foreign currency transactions	854		264		805		(3)
Net realized gain (loss)	607		(3,030)		1,876		(4,592)
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated investments	1,163		10,229		(14,649)		12,419
Non-controlled/affiliated investments	(1,724)		—		(2,072)		—
Foreign currency forward contracts	913		(7,743)		4,079		(9,880)
Translation of assets and liabilities in foreign currencies	464		(1,607)		1,193		(2,333)
Net change in unrealized appreciation (depreciation)	816		879		(11,449)		206
Net realized and change in unrealized gain (loss)	1,423		(2,151)		(9,573)		(4,386)
Net increase (decrease) in net assets resulting from operations	$	27,855	$	27,689	$	45,647	$	48,919

The accompanying notes are an integral part of these consolidated financial statements.

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HPS Corporate Capital Solutions Fund

Consolidated Statements of Changes in Net Assets (Unaudited)

(in thousands)


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Increase (decrease) in net assets from operations:
Net investment income after excise tax	$	26,432	$	29,840	$	55,220	$	53,305
Net realized gain (loss)	607		(3,030)		1,876		(4,592)
Net change in unrealized appreciation (depreciation)	816		879		(11,449)		206
Net increase (decrease) in net assets resulting from operations	27,855		27,689		45,647		48,919
Distributions to common shareholders:
Class I	(6,441)		—		(13,323)		—
Class D	(19,737)		(19,886)		(40,464)		(34,516)
Class S	(0)		—		(0)		—
Net decrease in net assets resulting from distributions	(26,178)		(19,886)		(53,787)		(34,516)
Share transactions:
Class I:
Proceeds from shares sold	10,237		—		24,477		—
Share transfers between classes	—		—		—		—
Distributions reinvested	3,085		—		6,773		—
Repurchased shares, net of early repurchase deduction	(16,912)		—		(23,516)		—
Net increase (decrease) from share transactions	(3,590)		—		7,734		—
Class D:
Proceeds from shares sold	42,543		155,683		109,251		290,831
Share transfers between classes	—		—		—		—
Distributions reinvested	15,661		9,211		35,746		26,195
Repurchased shares, net of early repurchase deduction	(44,424)		(10,734)		(66,778)		(10,734)
Net increase (decrease) from share transactions	13,780		154,160		78,219		306,292
Class S:
Proceeds from shares sold	—		—		—		—
Share transfers between classes	—		—		—		—
Distributions reinvested	—		—		—		—
Repurchased shares, net of early repurchase deduction	0		—		0		—
Net increase (decrease) from share transactions	—		—		—		—
Total increase (decrease) in net assets	11,867		161,963		77,813		320,695
Net assets, beginning of period	1,313,960		810,606		1,248,014		651,874
Net assets, end of period	$	1,325,827	$	972,569	$	1,325,827	$	972,569

The accompanying notes are an integral part of these consolidated financial statements.

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HPS Corporate Capital Solutions Fund

Consolidated Statements of Cash Flows (Unaudited)

(in thousands)


	Six Months Ended June 30,
	2026		2025
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$	45,647	$	48,919
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net change in unrealized (appreciation) depreciation on investments	16,721		(12,419)
Net realized (gain) loss on investments	(1,185)		580
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts	(4,079)		9,880
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies	(1,217)		2,364
Net accretion of discount and amortization of premium	(5,748)		(2,981)
Amortization of deferred financing costs	679		501
Amortization of debt issuance costs	251		—
Amortization of offering costs	173		536
Payment-in-kind income capitalized	(14,069)		(8,015)


Purchases of investments	(299,519)		(725,876)
Proceeds from sale of investments and principal repayments	210,613		86,706
Changes in operating assets and liabilities:
Interest receivable from non-controlled/non-affiliated investments	2,023		(4,649)
Interest receivable from non-controlled/affiliated investments	(91)		—
Dividend receivable from non-controlled/non-affiliated investments	(8)		—
Receivable for investments	13,015		(1,758)
Other assets	(3,755)		9
Payable for investments purchased	(154)		35,327
Interest payable	(1,165)		183
Due to affiliates	(1,761)		1,115
Management fees payable	477		—
Income based incentive fees payable	245		—
Capital gains incentive fees payable	(1,436)		(657)
Shareholder servicing and/or distribution fees payable	(363)		541
Accrued expenses and other liabilities	(209)		—
Net cash provided by (used in) operating activities	(44,915)		(569,694)
Cash flows from financing activities:
Borrowings on debt	273,000		655,328
Repayments of debt	(275,200)		(324,300)
Deferred financing costs paid	—		(2,492)

Deferred offering costs paid	(75)		(284)
Proceeds from issuance of Common Shares	133,728		290,831
Common Shares repurchased, net of early repurchase deduction	(39,683)		(23,060)
Distributions paid in cash	(21,313)		(17,342)
Net cash provided by (used in) financing activities	70,457		578,681
Net increase (decrease) in cash and cash equivalents	25,542		8,987
Cash and cash equivalents, beginning of period	24,102		10,296
Cash and cash equivalents, end of period	$	49,644	$	19,283

The accompanying notes are an integral part of these consolidated financial statements.

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HPS Corporate Capital Solutions Fund

Consolidated Statements of Cash Flows (Unaudited)

(in thousands)


	Six Months Ended June 30,
	2026		2025
Supplemental information and non-cash activities:
Interest paid during the period	$	28,466	$	15,229
Distribution payable	$	12,619	$	19,886
Reinvestment of distributions during the period	$	42,519	$	26,195
Share repurchases accrued but not paid	$	61,336	$	10,734
Taxes paid during the period	$	1,229	$	—
Non-cash purchases of investments	$	—	$	2,068
Non-cash sales of investments	$	—	$	(2,068)

The accompanying notes are an integral part of these consolidated financial statements.

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HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
Non-Controlled/Non-Affiliated Investments
First Lien Debt
Aerospace & Defense
Carbon Topco, Inc. (4)(6)(9)					5/1/2030	$	1,065	$	(15)	$	(8)
Carbon Topco, Inc. (4)(9)(24)	SF +	6.00%	9.66	%	11/1/2030	4,537		4,472		4,502
RH Buyer Inc (4)(10)(24)	SF +	6.75%	10.58	%	1/17/2031	31,833		31,351		30,473
RH Buyer Inc (4)(10)(24)	SF +	6.75%	10.58	%	1/17/2031	3,831		3,773		3,668
Tex-Tech Industries Inc (4)(9)(24)	SF +	5.00%	8.64	%	1/13/2031	8,934		8,866		8,934
Tex-Tech Industries Inc (4)(6)(9)(24)	SF +	5.00%	8.64	%	1/13/2031	2,010		1,189		1,206
Tex-Tech Industries Inc (4)(6)(9)(24)	SF +	5.00%	8.64	%	1/13/2031	1,910		1,275		1,289
Valence Surface Technologies LLC (4)(10)(24)	SF +	6.75%	10.42	%	6/13/2031	37,636		36,964		37,636
Valence Surface Technologies LLC (4)(10)(24)	SF +	6.75%	10.40	%	6/13/2031	4,310		4,229		4,310
Valence Surface Technologies LLC (4)(6)(10)(24)	SF +	6.75%	10.42	%	6/13/2031	6,552		6,331		6,456
Valence Surface Technologies LLC (4)(6)(10)					6/13/2031	3,280		(61)		—
WP CPP Holdings, LLC (4)(10)(24)	SF +	7.00% (incl 3.88% PIK)	10.66	%	11/30/2029	41,463		40,923		41,463
Total Aerospace & Defense								139,297		139,929		10.55	%

Asset Based Lending and Fund Finance
Montagu Lux Finco Sarl (4)(5)(6)(10)(28)	E +	5.50%	7.75	%	2/13/2032	EUR	12,327	6,339		6,727
Total Asset Based Lending and Fund Finance								6,339		6,727		0.51	%

Automobile Components
ABC Group Holdings Inc (4)(5)(9)(27)	E +	6.13%	8.30	%	8/22/2031	EUR	8,551	9,701		9,408
ABC Group Holdings Inc (4)(5)(9)(22)(27)	E +	7.21%	9.39	%	8/22/2031	EUR	539	606		587
ABC Technologies Inc (4)(5)(9)(23)	SF +	6.00%	9.64	%	8/22/2031	13,544		13,109		13,042
ABC Technologies Inc (4)(5)(9)(22)(23)	SF +	7.04%	10.69	%	8/22/2031	863		836		823
Clarios Global LP (7)(23)	SF +	2.50%	6.14	%	1/28/2032	1,059		1,057		1,061
Tenneco Inc (8)(24)	SF +	4.75%	8.49	%	11/17/2028	5,235		5,183		5,219
Total Automobile Components								30,492		30,140		2.27	%

Beverages
Winebow Holdings, Inc. (4)(10)(23)	SF +	6.25%	9.99	%	12/31/2027	34,036		33,829		27,941
Total Beverages								33,829		27,941		2.11	%

Capital Markets
DRW Holdings LLC (7)(23)	SF +	3.50%	7.14	%	6/26/2031	2,405		2,402		2,316
Jump Financial LLC (4)(7)(24)	SF +	3.50%	7.23	%	2/26/2032	896		894		897
Total Capital Markets								3,296		3,213		0.24	%

Chemicals
Discovery Purchaser Corp (8)(24)	SF +	3.75%	7.41	%	10/4/2029	3,039		2,961		3,031
Formerra LLC (4)(10)(23)	SF +	7.25%	10.96	%	11/1/2028	5,723		5,701		5,639
Formerra LLC (4)(10)(23)	SF +	7.25%	10.96	%	11/1/2028	230		229		227
Fortis 333 Inc (7)(24)	SF +	3.25%	6.98	%	3/27/2032	693		692		692
Kensing LLC (4)(10)(24)	SF +	7.25%	11.04	%	5/31/2028	2,754		2,750		2,544
Kensing LLC (4)(10)(24)	SF +	7.25%	11.04	%	5/31/2028	679		678		628
Kensing LLC (4)(10)(24)	SF +	7.25%	11.04	%	5/31/2028	7,712		7,642		7,124
Lummus Technology Holdings V LLC (7)(23)	SF +	2.50%	6.14	%	12/31/2029	7,332		7,368		7,251
Total Chemicals								28,021		27,136		2.05	%

Commercial Services & Supplies
Allied Universal Holdco LLC (7)(23)	SF +	3.25%	6.89	%	8/20/2032	6,507		6,500		6,517

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Apex Group Treasury LLC (5)(7)(24)	SF +	3.50%	7.15	%	2/27/2032	2,240		2,229	2,127
AVSC Holding Corp. (4)(9)(23)	SF +	5.00%	8.64	%	12/5/2031	8,140		8,014	8,140
AVSC Holding Corp. (4)(6)(9)(23)	SF +	5.00%	8.62	%	12/5/2029	962		102	113
Axiom Buyer, LLC (4)(10)(23)	SF +	6.50%	10.14	%	1/14/2030	17,376		17,097	17,058
Axiom Buyer, LLC (4)(6)(10)					1/14/2030	1,905		(39)	(35)
Axiom Buyer, LLC (4)(6)(10)(23)	SF +	6.50%	10.14	%	1/14/2030	2,140		1,402	1,398
Certania Beteiligungen GmbH (4)(5)(6)(7)(28)	E +	6.55%	9.00	%	5/23/2029	EUR	4,206	1,133	1,074
Certania Beteiligungen GmbH (4)(5)(7)(28)	E +	6.55%	8.84	%	5/23/2029	EUR	4,565	5,217	5,054
Guardian US Holdco LLC (8)(24)	SF +	3.25%	6.98	%	1/31/2030	1,960		1,955	1,938
ImageFIRST Holdings, LLC (7)(24)	SF +	3.00%	6.66	%	3/12/2032	1,540		1,537	1,544
NTH Degree Purchaser Inc (4)(10)(24)	SF +	5.50%	9.16	%	9/10/2030	11,121		10,966	10,961
NTH Degree Purchaser Inc (4)(10)(24)	SF +	5.50%	9.16	%	9/10/2030	3,414		3,358	3,364
NTH Degree Purchaser Inc (4)(6)(10)					9/10/2030	1,792		(25)	(26)
Retail Services WIS Corporation (4)(10)(24)	SF +	6.75%	10.42	%	8/29/2030	21,776		21,413	21,243
Retail Services WIS Corporation (4)(6)(10)					8/29/2030	5,186		(95)	(127)
Team, Inc. (4)(10)(24)	SF +	5.75%	9.42	%	3/12/2030	12,926		12,712	12,681
Team, Inc. (4)(6)(10)					3/12/2030	3,740		(73)	(71)
The.Team SME LLC (7)(23)	SF +	2.50%	6.14	%	6/23/2032	2,073		2,064	2,074
Total Commercial Services & Supplies								95,467	95,027	7.17	%

Communications Equipment
IPC Corp. (4)(10)(22)(24)	SF +	6.57% (incl 1.00% PIK)	10.39	%	10/1/2027	5,119		5,049	5,115
Ribbon Communications Operating Company, Inc (4)(5)(10)(23)	SF +	6.25%	9.89	%	6/21/2029	7,239		7,153	7,161
Ribbon Communications Operating Company, Inc (4)(5)(6)(13)					6/21/2029	849		(10)	(9)
Total Communications Equipment								12,192	12,267	0.93	%

Construction & Engineering
Powerhouse Intermediate, LLC (4)(10)(24)	SF +	6.25%	10.24	%	1/12/2027	1,613		1,611	1,613
Powerhouse Intermediate, LLC (4)(10)(24)	SF +	6.25%	10.24	%	1/12/2027	819		818	819
Total Construction & Engineering								2,429	2,432	0.18	%

Consumer Staples Distribution & Retail
SW Ingredients Holdings, LLC (4)(6)(9)(23)	SF +	5.00%	8.64	%	5/2/2030	3,350		632	624
SW Ingredients Holdings, LLC (4)(9)(23)	SF +	5.00%	8.64	%	5/2/2030	19,515		19,291	19,246
SW Ingredients Holdings, LLC (4)(6)(9)					5/2/2030	2,434		(32)	(34)
Total Consumer Staples Distribution & Retail								19,891	19,836	1.49	%

Containers & Packaging
Capripack Debtco PLC (4)(5)(10)(27)	E +	5.75% (incl 2.50% PIK)	7.76	%	1/3/2030	EUR	5,413	5,806	6,245
Capripack Debtco PLC (4)(5)(10)(27)	E +	5.75% (incl 2.50% PIK)	7.76	%	1/3/2030	EUR	29,136	31,253	33,618
Clydesdale Acquisition Holdings Inc (8)(23)	SF +	3.18%	6.82	%	4/13/2029	2,424		2,420	2,385
Total Containers & Packaging								39,479	42,248	3.19	%

Diversified Consumer Services
American Academy Holdings, LLC (4)(6)(17)					6/30/2027	160		—	(6)
American Academy Holdings, LLC (4)(17)(23)	SF +	9.25% (incl 5.00% PIK)	13.01	%	6/30/2027	6,939		6,939	6,657
Edmentum Ultimate Holdings LLC (4)(10)(22)(24)	SF +	7.13%	10.95	%	7/26/2027	5,307		5,253	5,105
University Support Services LLC (8)(23)	SF +	2.75%	6.39	%	2/10/2029	1,877		1,800	1,853
Xponential Fitness LLC (4)(5)(6)(10)(24)	SF +	6.75%	10.43	%	12/6/2030	658		254	252

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Xponential Fitness LLC (4)(5)(10)(24)	SF +	6.75%	10.48	%	12/6/2030	11,872		11,714	11,661
Total Diversified Consumer Services								25,960	25,522	1.92	%

Diversified Telecommunication Services
Grain Connect Limited (4)(5)(16)(30)	SN +	8.50% (incl 6.00% PIK)	12.23	%	8/8/2030	GBP	2,278	2,980	2,925
Grain Connect Limited (4)(5)(6)(16)(30)	SN +	8.50% (incl 6.00% PIK)	12.23	%	8/8/2030	GBP	5,712	1,432	1,385
Grain Connect Limited (4)(5)(6)(16)(30)	SN +	8.50% (incl 6.00% PIK)	12.23	%	8/3/2030	GBP	572	174	148
Grain Connect Limited (4)(5)(6)(16)(30)	SN +	8.50% (incl 6.00% PIK)	12.23	%	8/3/2030	GBP	1,074	28	(18)
Total Diversified Telecommunication Services								4,614	4,440	0.33	%

Electric Utilities
IDF 8 Borrower, LLC (4)(16)(20)(22)(24)	SF +	8.50%	12.23	%	12/31/2028	2,452		2,342	2,345
IDF 8 Borrower, LLC (4)(16)(24)	SF +	6.00%	9.73	%	12/31/2028	3,678		3,513	3,517
Total Electric Utilities								5,855	5,862	0.44	%

Electrical Equipment
Arcline FM Holdings LLC (9)(25)	SF +	2.75%	6.48	%	6/23/2030	8,318		8,318	8,356
Total Electrical Equipment								8,318	8,356	0.63	%

Electronic Equipment, Instruments & Components
CC WDW Borrower, Inc. (4)(10)(24)	SF +	6.75%	10.56	%	1/27/2028	3,140		3,008	3,133
Hobbs & Associates LLC (7)(23)	SF +	2.75%	6.39	%	7/23/2031	2,467		2,458	2,466
Resilience Parent LLC (7)(25)	SF +	2.50%	6.23	%	2/28/2033	1,087		1,084	1,086
Total Electronic Equipment, Instruments & Components								6,550	6,685	0.50	%

Entertainment
AMR GP Ltd (4)(5)(7)		10.50% (incl 5.25% PIK)	10.50	%	7/10/2034	11,167		10,922	11,152
Endeavor Operating Co LLC (5)(7)(23)	SF +	2.75%	6.39	%	3/24/2032	904		900	906
MBS Services Holdings, LLC (4)(10)(18)(24)	SF +	9.50% PIK			6/30/2026	123		111	84
MBS Services Holdings, LLC (4)(10)(18)(24)	SF +	9.50% PIK			6/30/2026	4,375		3,951	3,000
MBS Services Holdings, LLC (4)(10)(18)(24)	SF +	9.50% PIK			6/30/2026	1,147		1,036	786
MBS Services Holdings, LLC (4)(10)(18)(24)	SF +	9.50% PIK			6/30/2026	1,695		1,533	1,163
MBS Services Holdings, LLC (4)(13)(18)(35)	P +	10.00% PIK			6/30/2026	183		164	125
MBS Services Holdings, LLC (4)(13)(18)(35)	P +	10.00% PIK			6/30/2026	114		105	78
MBS Services Holdings, LLC (4)(7)(18)(35)	P +	10.00% PIK			6/30/2026	55		52	38
Total Entertainment								18,774	17,332	1.31	%

Financial Services
Ascensus Holdings, Inc. (8)(23)	SF +	3.00%	6.64	%	11/25/2032	432		431	423
Eisner Advisory Group LLC (8)(23)	SF +	4.00%	7.64	%	2/28/2031	1,746		1,735	1,718
Focus Financial Partners, LLC (7)(23)	SF +	2.50%	6.14	%	9/15/2031	3,494		3,472	3,417
Madonna Bidco Ltd (4)(5)(7)(30)	SN +	5.00%	8.73	%	10/25/2031	GBP	5,681	7,252	7,537
Madonna Bidco Ltd (4)(5)(6)(7)(30)	SN +	5.00%	8.73	%	10/25/2031	GBP	1,159	51	78
Neon Maple US Debt Mergersub Inc (5)(7)(23)	SF +	2.50%	6.14	%	11/17/2031	3,950		3,942	3,858
Orthrus Ltd (4)(5)(7)(30)	SN +	6.25% (incl 2.75% PIK)	9.99	%	12/5/2031	GBP	3,974	5,011	5,176
Orthrus Ltd (4)(5)(7)(28)	E +	6.25% (incl 2.75% PIK)	8.55	%	12/5/2031	EUR	3,551	3,722	3,982
Orthrus Ltd (4)(5)(10)(24)	SF +	6.25% (incl 2.75% PIK)	9.90	%	12/5/2031	9,381		9,259	9,210

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Orthrus Ltd (4)(5)(6)(7)					12/5/2031	GBP	794	(16)	(19)
Orthrus Ltd (4)(5)(10)(24)	SF +	6.25% (incl 2.75% PIK)	9.90	%	12/5/2031	1,358		1,339	1,333
Osaic Holdings Inc (7)(24)	SF +	2.50%	6.23	%	7/30/2032	5,041		5,030	4,982
PF Finco PTY LTD (4)(5)(10)(31)	B +	6.25%	10.61	%	5/30/2030	AUD	10,463	6,625	7,104
Priority Holdings, LLC (5)(8)(23)	SF +	3.75%	7.39	%	8/2/2032	2,029		2,025	2,004
Travelex Issuerco 2 PLC (4)(5)(13)(30)	SN +	8.00%	11.73	%	9/22/2028	GBP	1,661	1,997	2,182
Total Financial Services								51,875	52,985	3.99	%

Food Products
Aspire Bakeries Holdings LLC (7)(23)	SF +	3.00%	6.64	%	12/23/2030	713		713	718
Total Food Products								713	718	0.05	%

Health Care Equipment & Supplies
Agiliti Health, Inc. (7)(25)	SF +	3.00%	6.58	%	5/1/2030	1,393		1,334	1,347
Bausch + Lomb Corporation (5)(7)(23)	SF +	3.75%	7.39	%	1/15/2031	24,800		24,718	24,890
Ensemble RCM LLC (7)(24)	SF +	3.00%	6.66	%	2/9/2033	4,828		4,822	4,815
Patriot Acquisition Topco Sarl (4)(5)(10)(24)	SF +	4.75%	8.41	%	1/28/2028	60		60	60
Patriot Acquisition Topco Sarl (4)(5)(10)(24)	SF +	4.75%	8.41	%	1/28/2028	330		329	330
Patriot Acquisition Topco Sarl (4)(5)(6)(10)					1/28/2028	78		—	—
Patriot Acquisition Topco Sarl (4)(5)(10)(24)	SF +	4.75%	8.41	%	1/28/2028	512		511	512
Spruce Bidco II Inc (4)(6)(9)(25)	SF +	4.75%	8.46	%	1/31/2032	4,493		1,693	1,677
Spruce Bidco II Inc (4)(9)(24)	SF +	4.75%	8.41	%	1/31/2032	15,433		15,249	15,191
Spruce Bidco II Inc (4)(9)(33)	C +	4.75%	7.05	%	1/31/2032	CAD	3,500	2,387	2,428
Spruce Bidco II Inc (4)(9)(34)	TN +	5.00%	5.98	%	1/31/2032	JPY	375,977	2,399	2,276
Spruce Bidco II Inc (4)(9)(22)(24)	SF +	5.73%	9.39	%	1/31/2032	944		932	929
TecoStar Holdings Inc (4)(10)(24)	SF +	6.75% PIK	10.39	%	5/12/2032	13,615		13,414	13,615
Total Health Care Equipment & Supplies								67,848	68,070	5.13	%

Health Care Providers & Services
Blazing Star Shields Direct Parent, LLC (4)(10)(24)	SF +	6.00%	9.67	%	8/28/2030	47,706		46,912	48,660
Blazing Star Shields Direct Parent, LLC (4)(6)(10)					8/28/2030	2,131		(35)	—
BW NHHC Holdco Inc. (4)(13)(23)	SF +	7.75% PIK	11.39	%	10/30/2026	26,442		26,331	26,641
Connect America.com LLC (4)(15)(22)(24)	SF +	7.64% (incl 4.72% PIK)	11.37	%	10/11/2029	35,799		35,449	32,440
Diagnostic Services Holdings, Inc. (4)(10)(23)	SF +	5.50%	9.12	%	3/15/2028	15,277		15,232	15,062
Diagnostic Services Holdings, Inc. (4)(6)(10)(23)	SF +	5.50%	9.12	%	3/15/2028	333		193	189
FC Compassus LLC (4)(6)(7)					11/26/2030	2,716		(30)	—
FC Compassus LLC (4)(7)(24)	SF +	5.50% (incl 1.25% PIK)	9.17	%	11/26/2030	1,658		1,640	1,658
FC Compassus LLC (4)(6)(7)(23)	SF +	5.50% (incl 1.25% PIK)	9.17	%	11/26/2030	179		18	20
FC Compassus LLC (4)(7)(22)(24)	SF +	6.66% (incl 1.73% PIK)	10.33	%	11/26/2030	13,856		13,708	13,856
FC Compassus LLC (4)(6)(7)(22)(23)	SF +	6.98% (incl 2.07% PIK)	10.62	%	11/26/2030	1,502		151	170
Global Medical Response Inc (7)(23)	SF +	3.25%	6.89	%	10/1/2032	5,662		5,650	5,683
Indigo Purchaser, Inc. (4)(9)(24)	SF +	4.75%	8.48	%	11/21/2031	12,300		12,158	12,300
Indigo Purchaser, Inc. (4)(6)(9)(24)	SF +	4.75%	8.48	%	11/21/2031	2,842		830	868
Indigo Purchaser, Inc. (4)(6)(9)					11/21/2031	1,942		(22)	—
Parexel International, Inc. (8)(23)	SF +	2.50%	6.14	%	12/12/2031	2,488		2,488	2,491
Precision Medicine Group, LLC (7)(24)	SF +	3.50%	7.16	%	8/20/2032	993		988	989
Solis Mammography Buyer, Inc. (4)(9)(24)	SF +	5.50% (incl 2.50% PIK)	9.23	%	5/29/2032	20,132		19,879	19,679
Solis Mammography Buyer, Inc. (4)(6)(9)					5/29/2032	1,996		(28)	(45)

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Solis Mammography Buyer, Inc. (4)(6)(9)(24)	SF +	5.00%	8.74	%	5/29/2030	3,387		412	391
Southern Veterinary Partners LLC (7)(24)	SF +	2.50%	6.16	%	12/4/2031	1,885		1,876	1,886
Syneos Health Inc (7)(24)	SF +	4.00%	7.73	%	9/27/2030	4,888		4,894	4,900
TTF Lower Intermediate LLC (7)(25)	SF +	3.75%	7.38	%	7/18/2031	3,599		3,557	2,665
WCAS XIII Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.98	%	12/31/2029	16,090		15,826	15,830
WCAS XIII Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.98	%	12/31/2029	9,562		9,396	9,408
WCAS XIII Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.98	%	12/31/2029	2,901		2,847	2,855
WCAS XIV Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.98	%	12/31/2032	19,580		19,230	19,243
WCAS XIV Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.98	%	12/31/2032	1,690		1,659	1,661
WCAS XIV Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.98	%	12/31/2032	4,116		4,037	4,045
Total Health Care Providers & Services								245,246	243,545	18.37	%

Health Care Technology
AthenaHealth Group Inc. (8)(23)	SF +	2.75%	6.39	%	2/15/2029	6,929		6,940	6,923
Project Ruby Ultimate Parent Corp (7)(23)	SF +	2.75%	6.51	%	3/10/2028	6,206		6,201	6,206
Zelis Payments Buyer, Inc. (7)(23)	SF +	2.75%	6.39	%	9/28/2029	3,820		3,672	3,736
Total Health Care Technology								16,813	16,865	1.27	%

Hotels, Restaurants & Leisure
Azzurri Bidco Ltd (4)(5)(13)(30)	SN +	7.75%	11.48	%	3/30/2030	GBP	32,703	41,948	39,881
Azzurri Bidco Ltd (4)(5)(13)(30)	SN +	7.75%	11.48	%	3/30/2030	GBP	3,270	4,195	3,988
Equinox Holdings, Inc. (4)(10)(24)	SF +	7.25%	10.98	%	3/8/2029	10,553		10,423	10,536
Fertitta Entertainment LLC (8)(23)	SF +	3.25%	6.89	%	1/27/2029	4,898		4,912	4,898
Flynn Restaurant Group LP (7)(23)	SF +	3.75%	7.39	%	1/28/2032	5,044		5,011	5,001
Gymnation Rodney Limited (4)(5)(6)(7)					2/18/2031	3,125		(93)	(91)
Gymnation Rodney Limited (4)(5)(7)(24)	SF +	8.25%	11.85	%	2/18/2031	3,125		3,034	3,033
HB AcquisitionCo Pty Ltd (4)(5)(8)(32)	B +	6.50%	11.04	%	8/7/2029	AUD	3,789	2,518	2,607
HB AcquisitionCo Pty Ltd (4)(5)(8)(32)	B +	6.50%	11.03	%	8/7/2029	AUD	421	273	290
HB AcquisitionCo Pty Ltd (4)(5)(8)(32)	B +	6.00%	10.50	%	8/7/2029	AUD	683	478	464
HB AcquisitionCo Pty Ltd (4)(5)(8)(32)	B +	6.00%	10.50	%	8/7/2029	AUD	5,012	3,504	3,403
HB AcquisitionCo Pty Ltd (4)(5)(6)(8)					8/7/2029	AUD	1,595	(16)	(21)
Lakeland Tours LLC (4)(9)(24)	SF +	8.50% PIK	12.32	%	3/31/2028	2,803		2,748	2,701
Lakeland Tours LLC (4)(9)(24)	SF +	8.50% PIK	12.38	%	3/31/2028	1,142		1,139	1,100
Lakeland Tours LLC (4)(9)(24)	SF +	9.25% (incl 0.75% PIK)	13.07	%	3/31/2028	3,569		3,498	3,438
LC Ahab US Bidco LLC (7)(23)	SF +	2.50%	6.14	%	5/1/2031	2,788		2,737	2,790
ONE Group, LLC (4)(10)(24)	SF +	6.50%	10.16	%	5/1/2029	6,552		6,440	6,390
ONE Group, LLC (4)(6)(7)(24)	SF +	6.00%	9.67	%	10/31/2028	887		97	84
Saga Mid Co Limited (4)(5)(10)(30)	SN +	6.50%	10.24	%	2/27/2031	GBP	28,019	34,625	38,285
Saga Mid Co Limited (4)(5)(6)(10)					2/27/2031	GBP	8,364	(234)	333
Saga Mid Co Limited (4)(5)(6)(10)					2/27/2031	GBP	1,388	(35)	55
Sparkle Holdco 2 Corp. (4)(10)(23)	SF +	7.25%	10.89	%	1/16/2031	26,232		25,517	25,557
Sparkle Holdco 2 Corp. (4)(6)(10)(23)	SF +	7.25%	10.87	%	1/16/2031	4,329		1,737	1,744
Travel Leaders Group, LLC (4)(13)(23)	SF +	6.50%	10.24	%	3/27/2028	3,774		3,804	3,731
TWG SPORTS LLC (4)(10)(24)	SF +	6.50%	10.24	%	6/30/2027	25,000		24,626	24,625
Voyager Parent LLC (7)(24)	SF +	4.25%	7.98	%	7/1/2032	3,922		3,822	3,930
Total Hotels, Restaurants & Leisure								186,708	188,752	14.24	%

Independent Power and Renewable Electricity Producers
Distributed Solar Development LLC (4)(13)(24)	SF +	12.50% PIK	16.15	%	9/19/2027	10,932		10,784	9,491
Distributed Solar Development LLC (4)(13)(24)	SF +	12.50% PIK	16.17	%	5/30/2026	2,384		2,384	2,366
Hamilton Projects Acquiror LLC (7)(23)	SF +	2.50%	6.14	%	5/30/2031	8,985		8,969	9,027
Matrix Renewables USA LLC (4)(5)(11)(28)	E +	6.00% PIK	8.20	%	9/30/2030	EUR	10,647	12,137	11,855

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
NG Energy Fund 1 LLC (4)(11)(24)	SF +	7.50%	11.23	%	3/22/2028	7,060		6,950	7,060
NRD Construction, LLC (4)(14)(24)	SF +	6.25%	9.98	%	11/6/2029	35,934		35,348	35,250
Palmetto Solar, LLC (4)(13)(24)	SF +	6.75%	10.48	%	9/13/2027	6,020		5,990	5,957
Palmetto Solar, LLC (4)(13)(24)	SF +	6.75%	10.48	%	9/13/2027	5,268		5,241	5,212
Palmetto Solar, LLC (4)(13)(24)	SF +	6.75%	10.48	%	9/13/2027	25,808		25,658	25,535
Palmetto Solar, LLC (4)(13)(24)	SF +	6.75%	10.48	%	9/13/2027	12,904		12,829	12,767
Sunraycer HPS Borrower LLC (4)(14)(24)	SF +	6.50%	10.23	%	10/28/2029	14,536		14,352	14,372
Sunraycer HPS Borrower LLC (4)(14)(24)	SF +	6.50%	10.23	%	10/28/2029	35,629		35,187	35,225
Westlands Electric Power Company Investor, LLC (4)(6)(13)(24)	SF +	6.00%	9.73	%	12/6/2030	50,000		40,988	40,778
Total Independent Power and Renewable Electricity Producers								216,817	214,895	16.21	%

Insurance
Acrisure LLC (7)(23)	SF +	3.25%	6.89	%	6/21/2032	3,099		3,092	2,810
Alera Group, Inc. (8)(23)	SF +	2.75%	6.39	%	5/30/2032	3,970		3,953	3,783
Alliant Holdings Intermediate, LLC (7)(23)	SF +	2.50%	6.14	%	9/19/2031	370		362	366
Amynta Agency Borrower Inc (7)(23)	SF +	2.50%	6.14	%	12/29/2031	373		373	369
CRC Insurance Group LLC (7)(24)	SF +	2.75%	6.48	%	5/6/2031	2,802		2,790	2,742
HUB International Ltd (7)(24)	SF +	2.25%	5.92	%	6/20/2030	7,975		7,975	7,975
International Construction Products, LLC (4)(5)(7)		15.25% PIK	15.25	%	9/5/2034	1,241		1,241	1,241
Kowalski Trust (4)(5)(7)		16.00% PIK	16.00	%	5/31/2034	22,697		22,431	21,437
OneDigital Borrower LLC (8)(23)	SF +	3.00%	6.64	%	7/2/2031	4,900		4,900	4,760
Trucordia Insurance Services LLC (7)(23)	SF +	3.25%	6.98	%	6/17/2032	3,432		3,424	3,071
Total Insurance								50,541	48,554	3.66	%

IT Services
Delta Topco, Inc. (7)(24)	SF +	2.75%	6.40	%	11/30/2029	5,165		5,184	4,899
Mediaocean LLC (8)(23)	SF +	3.50%	7.24	%	12/15/2028	1,680		1,679	1,614
Total IT Services								6,863	6,513	0.49	%

Leisure Products
Beckett Collectibles Holdings, LLC (4)(16)(24)	SF +	8.50%	12.30	%	12/13/2029	11,210		10,956	11,597
Total Leisure Products								10,956	11,597	0.87	%

Life Sciences Tools & Services
WCG Intermediate Corp (7)(23)	SF +	2.75%	6.39	%	2/25/2032	1,515		1,515	1,506
Total Life Sciences Tools & Services								1,515	1,506	0.11	%

Machinery
Indicor LLC (7)(23)	SF +	2.50%	6.14	%	11/22/2029	2,611		2,601	2,613
Lsf12 Helix Parent LLC (7)(23)	SF +	3.50%	7.14	%	2/10/2033	2,298		2,238	2,259
Time Manufacturing Holdings LLC (4)(9)(24)	SF +	6.50%	10.31	%	12/1/2027	2,578		2,533	2,114
TK Elevator US Newco Inc (5)(8)(25)	SF +	2.75%	6.38	%	4/30/2030	4,148		4,136	4,171
Total Machinery								11,508	11,157	0.84	%

Metals & Mining
Alchemy US Holdco 1 LLC (4)(10)(24)	SF +	6.50%	10.16	%	7/31/2029	13,738		13,365	12,440
Alchemy US Holdco 1 LLC (4)(10)(28)	E +	6.50%	8.65	%	7/31/2029	EUR	2,899	3,052	2,981
Alchemy US Holdco 1 LLC (4)(10)(24)	SF +	6.50%	10.16	%	7/31/2029	150		146	136
Star Holding LLC (7)(23)	SF +	4.50%	8.14	%	7/31/2031	704		701	705
Total Metals & Mining								17,264	16,262	1.23	%

Mortgage Real Estate Investment Trusts (REITs)

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Claros Mortgage Trust, Inc. (4)(5)(14)(23)	SF +	6.75%	10.39	%	1/30/2030	12,500		12,037	12,071
Total Mortgage Real Estate Investment Trusts (REITs)								12,037	12,071	0.91	%

Pharmaceuticals
Alvogen Pharma US, Inc. (4)(16)(24)	SF +	9.50%	13.23	%	11/30/2028	18,620		18,298	18,249
Azurity Pharmaceuticals Inc (4)(10)(24)	SF +	7.00%	10.73	%	3/14/2030	44,337		43,681	42,285
Azurity Pharmaceuticals Inc (4)(10)(24)	SF +	7.00%	10.73	%	3/14/2030	4,037		3,978	3,851
Creek Parent, Inc. (4)(9)(23)	SF +	5.00%	8.64	%	12/18/2031	13,293		13,124	13,086
Creek Parent, Inc. (4)(6)(9)					12/18/2031	2,754		(35)	(43)
Creek Parent, Inc. (4)(9)(22)(23)	SF +	6.08%	9.72	%	12/18/2031	1,204		1,188	1,185
Endo Finance Holdings Inc (8)(23)	SF +	3.75%	7.39	%	4/23/2031	3,930		3,937	3,937
Total Pharmaceuticals								84,171	82,550	6.23	%

Professional Services
Citrin Cooperman Advisors LLC (7)(24)	SF +	3.00%	6.73	%	4/1/2032	2,925		2,900	2,851
CohnReznick Advisory LLC (7)(24)	SF +	3.25%	6.95	%	3/31/2032	333		332	326
CohnReznick Advisory LLC (6)(7)					3/31/2032	19		—	—
Grant Thornton Advisors Holdings LLC (7)(23)	SF +	2.75%	6.39	%	6/2/2031	5,527		5,527	5,273
YA Intermediate Holdings II LLC (4)(9)(24)	SF +	5.00%	8.73	%	10/1/2031	5,206		5,187	5,169
YA Intermediate Holdings II LLC (4)(6)(9)(23)	SF +	5.00%	8.71	%	10/1/2031	2,197		683	682
YA Intermediate Holdings II LLC (4)(6)(12)(35)	P +	4.00%	10.75	%	10/1/2031	1,083		588	585
Total Professional Services								15,217	14,886	1.12	%

Software
Boreal Bidco (4)(5)(7)(28)	E +	7.00% (incl 4.00% PIK)	9.29	%	3/26/2032	EUR	14,496	15,400	16,052
Central Parent LLC (7)(24)	SF +	3.25%	6.98	%	7/6/2029	1,463		1,459	967
CF Newco Inc (4)(11)(24)	SF +	6.00%	9.67	%	12/10/2029	31,038		30,824	31,037
CF Newco Inc (4)(11)(23)	SF +	6.25%	9.92	%	12/10/2029	11,820		11,693	11,820
CF Newco Inc (4)(6)(11)(23)	SF +	6.00%	9.64	%	12/10/2029	5,500		1,875	1,925
DigiCert Inc (4)(9)(23)	SF +	5.75%	9.39	%	7/30/2030	1,985		1,961	1,918
DigiCert Inc (4)(9)(22)(23)	SF +	6.61%	10.25	%	7/30/2030	43,351		42,821	41,868
DigiCert Inc (4)(6)(9)					7/30/2030	4,746		(58)	(160)
Einstein Parent Inc (4)(9)(24)	SF +	5.25%	8.91	%	1/22/2031	26,128		25,731	25,170
Einstein Parent Inc (4)(6)(9)					1/22/2031	2,707		(41)	(99)
Espresso Bidco Inc. (4)(9)(24)	SF +	5.75% (incl 3.13% PIK)	9.48	%	3/25/2032	13,467		13,304	12,943
Espresso Bidco Inc. (4)(6)(9)(24)	SF +	5.75% (incl 3.13% PIK)	9.48	%	3/25/2032	3,621		3,284	3,191
Espresso Bidco Inc. (4)(6)(9)					3/25/2032	1,593		(20)	(62)
ION Platform Finance US Inc (7)(24)	SF +	3.75%	7.48	%	10/7/2032	9,259		9,176	6,702
McAfee Corp (8)(23)	SF +	3.00%	6.64	%	3/1/2029	343		325	305
Project Alpha Intermediate Holding, Inc. (8)(24)	SF +	3.25%	6.98	%	10/26/2030	6,933		6,876	5,066
Stack Sports Buyer, LLC (4)(9)(26)	SF +	5.25%	8.72	%	3/31/2031	18,558		18,340	18,151
Stack Sports Buyer, LLC (4)(9)(23)	SF +	5.25%	8.92	%	3/31/2031	4,071		4,017	3,981
Stack Sports Buyer, LLC (4)(6)(9)					3/31/2031	2,994		(36)	(66)
Technology Growth Capital Pty Ltd (4)(5)(10)(24)	SF +	6.50%	10.18	%	7/2/2030	3,544		3,479	3,460
Tricentis Operations Holdings Inc (4)(9)(24)	SF +	6.00% (incl 3.25% PIK)	9.64	%	2/11/2032	19,847		19,698	19,254
Tricentis Operations Holdings Inc (4)(6)(9)					2/11/2032	3,748		(34)	(112)
Tricentis Operations Holdings Inc (4)(6)(9)					2/11/2032	2,713		(22)	(81)
Total Software								210,052	203,230	15.33	%

Specialty Retail

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
Constellation Automotive Limited (4)(5)(7)(28)	E +	6.25%	8.50	%	4/3/2031	EUR	4,527	4,933		5,130
Constellation Automotive Limited (4)(5)(7)(30)	SN +	6.25%	9.99	%	4/3/2031	GBP	10,951	14,158		14,405
Great Outdoors Group, LLC (9)(23)	SF +	3.25%	6.89	%	1/23/2032	2,013		2,005		2,022
Knitwell Borrower LLC (4)(10)(24)	SF +	7.75%	11.63	%	4/28/2028	1,519		1,506		1,501
Knitwell Borrower LLC (4)(10)(24)	SF +	7.75%	11.63	%	4/28/2028	10,709		10,584		10,583
PetSmart LLC (7)(23)	SF +	4.00%	7.65	%	8/18/2032	8,348		8,275		8,350
Staples, Inc. (8)(24)	SF +	5.75%	9.41	%	9/4/2029	11,224		10,903		10,455
The Michaels Companies, Inc. (7)(24)	SF +	5.00%	8.73	%	3/15/2033	5,043		4,946		5,028
Total Specialty Retail								57,310		57,474		4.33	%

Trading Companies & Distributors
Atlas Intermediate III LLC (4)(10)(24)	SF +	7.75%	11.41	%	10/31/2029	9,391		9,270		9,026
W3 TopCo LLC (4)(10)(25)	SF +	8.50% (incl 2.00% PIK)	12.17	%	3/22/2029	13,510		13,218		11,807
Total Trading Companies & Distributors								22,488		20,833		1.57	%

Transportation Infrastructure
Tikehau Motion Midco SARL (4)(5)(7)(29)	E +	6.50%	8.64	%	8/22/2031	EUR	4,765	5,489		5,326
Tikehau Motion Midco SARL (4)(5)(7)(29)	E +	6.50%	8.64	%	8/22/2031	EUR	10,291	11,857		11,505
Tikehau Motion Midco SARL (4)(5)(6)(7)					8/22/2031	EUR	7,635	(166)		(188)
Total Transportation Infrastructure								17,180		16,643		1.26	%

Wireless Telecommunication Services
CCI Buyer, Inc. (4)(6)(9)					5/13/2032	144		(1)		(2)
CCI Buyer, Inc. (4)(9)(24)	SF +	5.00%	8.73	%	5/13/2032	1,859		1,844		1,827
Total Wireless Telecommunication Services								1,843		1,825		0.14	%
Total First Lien Debt								$	1,785,768	$	1,766,024	133.17	%

Second Lien Debt
Aerospace & Defense
Albers Aerospace Holdings LLC (4)(7)		13.00% (incl 4.00% PIK)	13.00	%	6/22/2031	$	3,081	$	3,040	$	3,008
Albers Aerospace Holdings LLC (4)(7)		13.00% (incl 4.00% PIK)	13.00	%	6/22/2031	1,992		1,964		1,945
Total Aerospace & Defense								5,004		4,953		0.37	%

Hotels, Restaurants & Leisure
Equinox Holdings, Inc. (4)(7)		16.00% PIK	16.00	%	6/30/2027	1,797		1,786		1,790
Total Hotels, Restaurants & Leisure								1,786		1,790		0.14	%

Insurance
International Construction Products, LLC (4)(5)(7)		15.25% PIK	15.25	%	9/5/2034	3,303		3,303		3,302
Total Insurance								3,303		3,302		0.25	%
Total Second Lien Debt								$	10,093	$	10,045	0.76	%

Other Secured Debt
Asset Based Lending and Fund Finance
RGP Holdings 2, LLC (4)(5)(10)(24)	SF +	6.50% PIK	10.23	%	10/11/2032	$	7,126	$	7,002	$	6,937
TPG VIII Merlin New Holdings I, L.P. (4)(5)(10)(24)	SF +	6.50%	10.17	%	3/15/2027	6,390		6,360		6,362
Total Asset Based Lending and Fund Finance								13,362		13,299		1.00	%

Communications Equipment
IPC Intermediate Holdings Corp. (4)(7)		12.00% PIK	12.00	%	12/31/2026	951		951		921
Total Communications Equipment								951		921		0.07	%

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets

Electric Utilities
IDF 9 Financeco, LLC (4)(16)(24)	SF +	8.50%	12.23	%	3/28/2031	2,518		2,498		2,482
Total Electric Utilities								2,498		2,482		0.19	%

Entertainment
Chord Searchlight, L.P (4)(5)(6)(10)(24)	SF +	6.25%	9.90	%	7/16/2030	22,437		16,924		16,869
Total Entertainment								16,924		16,869		1.27	%

Financial Services
GAPCO AIV Interholdco (CP), L.P. (4)(5)(10)(24)	SF +	6.75% PIK	10.48	%	3/31/2033	13,157		12,691		12,697
Total Financial Services								12,691		12,697		0.96	%

Independent Power and Renewable Electricity Producers
Flatiron Energy Holdco LLC (4)(14)(24)	SF +	6.38%	10.11	%	10/1/2029	4,029		3,967		3,945
Flatiron Energy Holdco LLC (4)(14)(24)	SF +	6.38%	10.11	%	10/1/2029	5,554		5,476		5,439
Flatiron Energy Holdco LLC (4)(6)(14)(24)	SF +	6.38%	10.11	%	10/1/2029	41,261		20,767		20,483
Total Independent Power and Renewable Electricity Producers								30,210		29,867		2.25	%

Real Estate Management & Development
Link Apartments Opportunity Zone REIT, LLC (4)(16)(24)	SF +	8.00% PIK	11.73	%	12/27/2029	1,856		1,831		2,069
Link Apartments Opportunity Zone REIT, LLC (4)(16)(24)	SF +	8.00% PIK	11.73	%	12/27/2029	1,070		1,056		1,192
Total Real Estate Management & Development								2,887		3,261		0.25	%
Total Other Secured Debt								$	79,523	$	79,396	5.99	%

Unsecured Debt
Capital Markets
Constellation Wealth Capital Fund-A-Blocker (LIDO), LLC (4)(7)					2/1/2038	$	50	$	—	$	—
Total Capital Markets								—		—		—	%

Financial Services
Freedom Funding Center LLC (7)		12.00%	12.00	%	10/1/2037	27,876		27,876		28,606
Total Financial Services								27,876		28,606		2.16	%

Health Care Equipment & Supplies
Corza Medical Srl (4)(5)(7)		14.00% PIK	14.00	%	2/13/2030	20,737		20,556		21,302
Total Health Care Equipment & Supplies								20,556		21,302		1.61	%

Hotels, Restaurants & Leisure
Dutch Holdings SPV Sub, LLC (4)(5)(7)		13.00% (incl 1.00% PIK)	13.00	%	6/30/2033	6,250		6,250		6,250
Total Hotels, Restaurants & Leisure								6,250		6,250		0.47	%
Total Unsecured Debt								$	54,682	$	56,158	4.24	%

Structured Finance Investments
Structured Finance
Alp CFO 2025, L.P. (4)(5)(7) - Class A		7.09%	7.09	%	7/15/2037	$	1,000	$	1,000	$	999
Alp CFO 2025, L.P. (4)(5)(7) - Class B		9.44%	9.44	%	7/15/2037	2,500		2,500		2,492
Alp CFO 2025, L.P. (4)(5)(7) - Class C		12.24%	12.24	%	7/15/2037	4,000		4,000		3,978
Alp CFO 2025, L.P. (4)(5)(20) - Subordinated Note					7/15/2037	4,000		4,000		5,528

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units	Amortized Cost (3)		Fair Value		Percentage of Net Assets
Ares Secondaries Pbn Finance Co IV LLC (4)(5)(6)(7)(24)- Class A	SF +	2.90%	6.57	%	4/14/2039	997	497		511
Ares Secondaries Pbn Finance Co IV LLC (4)(5)(6)(7)(26) - Class C	SF +	8.50%	12.17	%	4/14/2039	7,000	3,500		3,548
Coller Private Equity Backed Notes & Loans II-A LP (4)(5)(6)(7)(24) - Class A	SF +	2.95%	6.64	%	4/30/2037	1,000	554		554
Coller Private Equity Backed Notes & Loans II-A LP (4)(5)(6)(7)(24) - Class B	SF +	5.20%	8.89	%	4/30/2037	1,000	554		549
CRA Issuer, LLC (4)(7) - Class M		10.43%	10.43	%	6/28/2061	15,000	15,000		15,000
PBN II-A Equity Holdings L.P. (4)(5)(6)(20) - Limited Partnership Interest						10,000	6,358		6,307
Total Structured Finance							37,963		39,466		2.98	%
Total Structured Finance Investments							$	37,963	$	39,466	2.98	%

Preferred Equity
Aerospace & Defense
Albers Aerospace Holdings LLC (4)(20)(21)(36) - Preferred Units						5,000	$	4,292	$	4,630
Total Aerospace & Defense							4,292		4,630		0.35	%

Beverages
CC Investor Aggregator, L.P. (4)(21)(36) - Class A Units						40,582	40,582		46,474
Total Beverages							40,582		46,474		3.51	%

Capital Markets
CB Lido Offshore Blocker X, LLC (4)(21)(36) - Class Z Units						2,947,104	2,947		3,120
Constellation Wealth Capital Fund-A-Blocker (LIDO), LLC (4)(21)(36) - Class Z Units						21,755	121		128
LAL Group Holdings, LLC (4)(21)(36) - Class Z Units						21,932,329	21,772		23,353
Total Capital Markets							24,840		26,601		2.01	%

Electric Utilities
IDF 9 Financeco, LLC (4)(20)(21)(36) - Series B Units						1,055,303	1,045		1,221
Total Electric Utilities							1,045		1,221		0.09	%

Financial Services
Holdings 2, L.P. (4)(5)(7)(21) - L.P. Interest		11.50%	11.50	%		25,000	24,563		24,643
Total Financial Services							24,563		24,643		1.86	%

Health Care Equipment & Supplies
Herb Partnership, LP (4)(21) - Preferred Stock						7,741,150	7,286		7,272
Total Health Care Equipment & Supplies							7,286		7,272		0.55	%

Hotels, Restaurants & Leisure
Sparkle Aggregator, LP (4)(21)(36) - Preferred Stock						12,500	12,500		13,427
The ONE Group Hospitality, Inc. (4)(21)(36) - Preferred Stock						1,000	877		1,128
Total Hotels, Restaurants & Leisure							13,377		14,555		1.10	%

Insurance
Navacord Intermediate Holdings Inc (4)(5)(6)(21) - Preferred Stock						3,424	(43)		(88)
Navacord Intermediate Holdings Inc (4)(5)(21)(36) - Preferred Stock						13,696	9,844		9,720
Total Insurance							9,801		9,632		0.73	%

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)	Interest Rate (2)	Maturity Date	Par Amount/Units	Amortized Cost (3)		Fair Value		Percentage of Net Assets
Software
Behavox Ltd (4)(5)(21)(36) - Series C Shares				50,000	4,489		4,530
Lava Topco, Inc. (4)(21)(36) - Preferred Stock				25,000	25,000		28,973
Total Software					29,489		33,503		2.53	%

Textiles, Apparel & Luxury Goods
Kendra Scott Design Inc (4)(21)(36) - Preferred Stock				2,316,836	24,270		36,570
Total Textiles, Apparel & Luxury Goods					24,270		36,570		2.76	%

Wireless Telecommunication Services
CCI Topco, Inc. (4)(21)(36) - Preferred Stock				500	49,005		57,599
Total Wireless Telecommunication Services					49,005		57,599		4.34	%
Total Preferred Equity					$	228,550	$	262,700	19.83	%

Other Equity Investments
Aerospace & Defense
Albers Aerospace Holdings LLC (4)(20)(21) - Class D Units				24	$	633	$	633
Total Aerospace & Defense					633		633		0.05	%

Consumer Staples Distribution & Retail
AP Himalaya Co-Invest, L.P. (4)(21) - LP Interest				20,006	20,087		22,797
Total Consumer Staples Distribution & Retail					20,087		22,797		1.72	%

Electric Utilities
IDF 8 Topco, LLC (4)(20)(21) - Series B-1 Units				230,248	230		—
IDF 8 Topco, LLC (4)(20)(21) - Series B-2 Units				230,248	230		—
Total Electric Utilities					460		—		—	%

Entertainment
AMR GP Holdings Ltd (4)(5)(21) - Ordinary Shares				1,656	9,935		15,203
Total Entertainment					9,935		15,203		1.15	%

Hotels, Restaurants & Leisure
The ONE Group Hospitality, Inc. (21) - A-2 Warrants				11,911	61		24
The ONE Group Hospitality, Inc. (4)(21) - B-2 Warrants				6,667	12		—
Total Hotels, Restaurants & Leisure					73		24		0.00	%

Mortgage Real Estate Investment Trusts (REITs)
Claros Mortgage Trust, Inc. (4)(5)(21) - Warrants				188,556	267		219
Total Mortgage Real Estate Investment Trusts (REITs)					267		219		0.02	%

Pharmaceuticals
Creek Feeder, L.P. (4)(21) - LP Interest				10,000	10,000		11,257
Total Pharmaceuticals					10,000		11,257		0.85	%

Software
Behavox Ltd (4)(5)(21) - Class V Shares				3,120	206		206
Behavox Ltd (4)(5)(21) - Class V Shares				3,120	206		206
Total Software					412		412		0.03	%
Total Other Equity Investments					$	41,867	$	50,545	3.82	%
Total Investments - Non-Controlled/Non-Affiliated					$	2,238,446	$	2,264,334	170.79	%

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
Non-Controlled/Affiliated Investments
First Lien Debt
Household Durables
Lasko Operation Holdings, LLC (4)(10)(19)(24)	SF +	6.50%	10.32	%	6/4/2030	$	1,754	$	1,696	$	1,754
Total Household Durables								1,696		1,754		0.13	%

IT Services
New Era Technology Inc (4)(10)(19)(24)	SF +	6.25% PIK	10.13	%	6/30/2030	4,710		4,665		4,710
Total IT Services								4,665		4,710		0.36	%
Total First Lien Debt								$	6,361	$	6,464	0.49	%

Preferred Equity
IT Services
NE SPV Holdco, LLC (4)(19)(21) - Preferred Units						4,139		$	3,018	$	187
Total IT Services								3,018		187		0.01	%
Total Preferred Equity								$	3,018	$	187	0.01	%

Other Equity Investments
Household Durables
Lasko Operation Holdings, LLC (4)(19)(21) - Common Shares						891		$	287	$	23
Total Household Durables								287		23		0.00	%

IT Services
NE SPV Holdco, LLC (4)(19)(21) - Common Units						4,139		—		—
Total IT Services								—		—		—	%
Total Other Equity Investments								$	287	$	23	0.00	%
Total Investments - Non-Controlled/Affiliated								$	9,666	$	6,674	0.50	%
Total Investment Portfolio								$	2,248,112	$	2,271,008	171.29	%

Cash and Cash Equivalents
Dreyfus Government Cash Management (5)			3.55	%		$	28,059	$	28,059	$	28,059
Goldman Sachs Financial Square Government Fund (5)			3.54	%		753		753		753
Cash								20,832		20,832
Total Cash and Cash Equivalents								$	49,644	$	49,644	3.74	%
Total Investment Portfolio, Cash and Cash Equivalents								$	2,297,756	$	2,320,652	175.03	%

(1) Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in U.S. dollars. As of June 30, 2026, the Company had investments denominated in Canadian Dollars (CAD), Euros (EUR), British Pounds (GBP), Japanese Yen (JPY), and Australian Dollars (AUD). All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. The total par amount (in thousands) is presented for debt investments and the number of shares or units (in whole amounts) owned is presented for equity investments. Each of the Company’s investments is pledged as collateral under its credit facility unless otherwise indicated.

(2) The majority of the investments bear interest at a rate that may be determined by reference to the Prime Rate (“Prime” or “P”), Sterling Overnight Index Average ("SONIA" or "SN"), Euro Interbank Offer Rate (“Euribor” or “E”), Secured Overnight Financing Rate ("SOFR" or "SF"), Canadian Overnight Repo Rate Average ("CORRA" or "C"), Tokyo Overnight Average Rate (“TONA” or “TN”), or Bank Bill Swap Bid Rate ("BBSY" or "B") which reset daily, monthly, quarterly, semiannually or annually. For each such investment, the Company has provided the spread over Prime, SONIA, Euribor, SOFR, CORRA, TONA, or BBSY and the current contractual interest rate in effect at June 30, 2026. Certain investments are subject to a SOFR interest rate floor, or rate cap. Certain investments contain a payment-in-kind (“PIK”) provision. SOFR-based contracts may include a credit spread adjustment, which is included within the stated all-in interest rate, if applicable, that is charged in addition to the base rate and the stated spread.

(3) The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

(4) These investments were valued using unobservable inputs and are considered Level 3 investments. Fair value was determined in good faith by HPS Advisors, LLC (the “Adviser”) as the Company’s valuation designee, subject to the oversight of the Board of Trustees (the “Board”) (see Note 2 and Note 5), pursuant to the Company’s valuation policy.

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)

(5) The investment is not a qualifying asset, in whole or in part, under Section 55(a) of the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”). The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of June 30, 2026, non-qualifying assets represented 24.2% of total assets as calculated in accordance with regulatory requirements.

(6) Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair value results from unamortized fees, which are capitalized to the investment cost. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. See below for more information on the Company’s unfunded commitments:


Investments-non-controlled/non-affiliated	Commitment Type	Unfunded Commitment		Fair Value
American Academy Holdings, LLC	1st Lien Senior Secured Revolving Loan	$	160	$	(6)
Ares Secondaries Pbn Finance Co IV LLC	Structured Finance Obligations - Debt Instruments	500		7
Ares Secondaries Pbn Finance Co IV LLC	Structured Finance Obligations - Debt Instruments	3,500		24
AVSC Holding Corp.	1st Lien Senior Secured Revolving Loan	847		(2)
Axiom Buyer, LLC	1st Lien Senior Secured Delayed Draw Loan	1,905		(35)
Axiom Buyer, LLC	1st Lien Senior Secured Revolving Loan	703		(13)
Blazing Star Shields Direct Parent, LLC	1st Lien Senior Secured Revolving Loan	2,131		—
Carbon Topco, Inc.	1st Lien Senior Secured Revolving Loan	1,065		(8)
CCI Buyer, Inc.	1st Lien Senior Secured Revolving Loan	144		(2)
Certania Beteiligungen GmbH	1st Lien Senior Secured Delayed Draw Loan	3,583		(111)
CF Newco Inc	1st Lien Senior Secured Revolving Loan	3,575		—
Chord Searchlight, L.P	Other Secured Debt Delayed Draw Loan	5,234		(78)
CohnReznick Advisory LLC	1st Lien Senior Secured Delayed Draw Loan	19		—
Coller Private Equity Backed Notes & Loans II-A LP	Structured Finance Obligations - Debt Instruments	446		(2)
Coller Private Equity Backed Notes & Loans II-A LP	Structured Finance Obligations - Debt Instruments	446		—
Creek Parent, Inc.	1st Lien Senior Secured Revolving Loan	2,754		(43)
Diagnostic Services Holdings, Inc.	1st Lien Senior Secured Revolving Loan	138		(2)
DigiCert Inc	1st Lien Senior Secured Revolving Loan	4,746		(160)
Einstein Parent Inc	1st Lien Senior Secured Revolving Loan	2,707		(99)
Espresso Bidco Inc.	1st Lien Senior Secured Revolving Loan	1,593		(62)
Espresso Bidco Inc.	1st Lien Senior Secured Delayed Draw Loan	289		(11)
FC Compassus LLC	1st Lien Senior Secured Delayed Draw Loan	1,332		—
FC Compassus LLC	1st Lien Senior Secured Delayed Draw Loan	159		—
FC Compassus LLC	1st Lien Senior Secured Revolving Loan	2,716		—
Flatiron Energy Holdco LLC	Other Secured Debt Delayed Draw Loan	19,919		(414)
Grain Connect Limited	1st Lien Senior Secured Delayed Draw Loan	5,949		(191)
Grain Connect Limited	1st Lien Senior Secured Delayed Draw Loan	587		(19)
Grain Connect Limited	1st Lien Senior Secured Delayed Draw Loan	1,397		(45)
Gymnation Rodney Limited	1st Lien Senior Secured Delayed Draw Loan	3,125		(91)
HB AcquisitionCo Pty Ltd	1st Lien Senior Secured Delayed Draw Loan	1,104		(21)
Indigo Purchaser, Inc.	1st Lien Senior Secured Revolving Loan	1,942		—
Indigo Purchaser, Inc.	1st Lien Senior Secured Delayed Draw Loan	1,975		—
Madonna Bidco Ltd	1st Lien Senior Secured Delayed Draw Loan	1,460		—
Montagu Lux Finco Sarl	1st Lien Senior Secured Delayed Draw Loan	7,042		(159)
Navacord Intermediate Holdings Inc	Preferred Equity	2,413		(88)
NTH Degree Purchaser Inc	1st Lien Senior Secured Revolving Loan	1,792		(26)
ONE Group, LLC	1st Lien Senior Secured Revolving Loan	776		(24)
Orthrus Ltd	1st Lien Senior Secured Delayed Draw Loan	1,054		(19)
Patriot Acquisition Topco Sarl	1st Lien Senior Secured Revolving Loan	78		—
PBN II-A Equity Holdings L.P.	Structured Finance Obligations - Limited Partnership Interest	3,693		—
Retail Services WIS Corporation	1st Lien Senior Secured Delayed Draw Loan	5,186		(127)
Ribbon Communications Operating Company, Inc	1st Lien Senior Secured Revolving Loan	849		(9)
Saga Mid Co Limited	1st Lien Senior Secured Delayed Draw Loan	11,095		333
Saga Mid Co Limited	1st Lien Senior Secured Delayed Draw Loan	1,842		55
Solis Mammography Buyer, Inc.	1st Lien Senior Secured Delayed Draw Loan	1,996		(45)
Solis Mammography Buyer, Inc.	1st Lien Senior Secured Revolving Loan	2,935		(52)
Sparkle Holdco 2 Corp.	1st Lien Senior Secured Revolving Loan	2,474		(64)

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)


Investments-non-controlled/non-affiliated	Commitment Type	Unfunded Commitment		Fair Value
Spruce Bidco II Inc	1st Lien Senior Secured Revolving Loan	2,745		(43)
Stack Sports Buyer, LLC	1st Lien Senior Secured Revolving Loan	2,994		(66)
SW Ingredients Holdings, LLC	1st Lien Senior Secured Delayed Draw Loan	2,434		(34)
SW Ingredients Holdings, LLC	1st Lien Senior Secured Revolving Loan	2,680		(37)
Team, Inc.	1st Lien Senior Secured Delayed Draw Loan	3,740		(71)
Tex-Tech Industries Inc	1st Lien Senior Secured Delayed Draw Loan	804		—
Tex-Tech Industries Inc	1st Lien Senior Secured Revolving Loan	621		—
Tikehau Motion Midco SARL	1st Lien Senior Secured Delayed Draw Loan	8,724		(188)
Tricentis Operations Holdings Inc	1st Lien Senior Secured Delayed Draw Loan	3,748		(112)
Tricentis Operations Holdings Inc	1st Lien Senior Secured Revolving Loan	2,713		(81)
Valence Surface Technologies LLC	1st Lien Senior Secured Revolving Loan	3,280		—
Valence Surface Technologies LLC	1st Lien Senior Secured Delayed Draw Loan	97		—
Westlands Electric Power Company Investor, LLC	1st Lien Senior Secured Delayed Draw Loan	8,125		(178)
Xponential Fitness LLC	1st Lien Senior Secured Revolving Loan	395		(7)
YA Intermediate Holdings II LLC	1st Lien Senior Secured Delayed Draw Loan	1,498		(12)
YA Intermediate Holdings II LLC	1st Lien Senior Secured Revolving Loan	491		(3)
Total		$	166,464	$	(2,441)

(7) There are no interest rate floors on these investments.

(8) The interest rate floor on these investments as of June 30, 2026 was 0.50%.

(9) The interest rate floor on these investments as of June 30, 2026 was 0.75%.

(10) The interest rate floor on these investments as of June 30, 2026 was 1.00%.

(11) The interest rate floor on these investments as of June 30, 2026 was 1.50%.

(12) The interest rate floor on these investments as of June 30, 2026 was 1.75%.

(13) The interest rate floor on these investments as of June 30, 2026 was 2.00%.

(14) The interest rate floor on these investments as of June 30, 2026 was 2.50%.

(15) The interest rate floor on these investments as of June 30, 2026 was 2.75%.

(16) The interest rate floor on these investments as of June 30, 2026 was 3.00%.

(17) The interest rate floor on these investments as of June 30, 2026 was 3.25%.

(18) Loan was on non-accrual status as of June 30, 2026.

(19) Under the 1940 Act, the Company is deemed to “control” a portfolio company if the Company owns more than 25% of its outstanding voting securities and/or holds the power to exercise control over the management or policies of the portfolio company. Under the 1940 Act, the Company is deemed an “affiliated person” of a portfolio company if the Company owns between 5% and 25% or if the Company and/or its affiliates owns 25% or more, inclusive of the portfolio company’s outstanding voting securities. For purposes of determining the “control” classification of its investment portfolio, the Company has excluded consideration of any voting securities or board appointment rights held by third-party investment funds advised by the Adviser and/or its affiliates. As of June 30, 2026, the Company’s non-controlled/affiliated investments were as follows:


	Fair Value as of December 31, 2025		Gross Additions(a)		Gross Reductions(b)		Change in Unrealized Gains (Loss)		Net Realized Gain (Loss)		Fair Value as of June 30, 2026		Dividend and Interest Income
Non-Controlled/Affiliated Investments
Lasko Operation Holdings, LLC	$	2,055	$	7	$	(13)	$	(272)	$	—	$	1,777	$	99
New Era Technology Inc	4,481		236		—		(7)		—		4,710		236
NE SPV Holdco, LLC	1,980		—		—		(1,793)		—		187		—
Total Non-Controlled/Affiliated Investments	$	8,516	$	243	$	(13)	$	(2,072)	$	—	$	6,674	$	335

(a)Gross additions may include increases in the cost basis of investments resulting from new investments, amounts related to payment-in-kind (“PIK”) interest capitalized and added to the principal balance of the respective loans, the accretion of discounts, the exchange of one or more existing investments for one or more new investments and the movement at fair value of an existing portfolio company into this non-controlled affiliated category from a different category.

(b)Gross reductions may include decreases in the cost basis of investments resulting from principal collections related to investment repayments and sales, return of capital, the amortization of premiums and the exchange of one or more existing securities for one or more new securities.

(20) These investments are not pledged as collateral under the Revolving Credit Facility.

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)

(21) Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted security” under the Securities Act. As of June 30, 2026, the aggregate fair value of these securities is $313,455, or 23.64% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

Portfolio Company

Investment

Acquisition Date

Albers Aerospace Holdings LLC

Preferred Units

December 22, 2025

CC Investor Aggregator, L.P.

Class A Units

May 19, 2025

CB Lido Offshore Blocker X, LLC

Class Z Units

August 5, 2025

Constellation Wealth Capital Fund-A-Blocker (Lido), LLC

Class Z Units

August 5, 2025

LAL Group Holdings, LLC

Class Z Units

August 5, 2025

IDF 9 Financeco, LLC

Series B Units

March 28, 2025

Holdings 2, L.P.

L.P. Interest

February 12, 2026

Herb Partnership, LP

Preferred Stock

May 12, 2026

Sparkle Aggregator, LP

Preferred Stock

January 16, 2026

The ONE Group Hospitality, Inc.

Preferred Stock

May 1, 2024

Navacord Intermediate Holdings Inc

Preferred Stock

February 2, 2026

Navacord Intermediate Holdings Inc

Preferred Stock

February 2, 2026

Behavox Ltd

Series C Shares

June 8, 2026

Lava Topco, Inc.

Preferred Stock

November 10, 2025

Kendra Scott Design Inc

Preferred Stock

September 12, 2024

CCI Topco, Inc.

Preferred Stock

May 13, 2025

Albers Aerospace Holdings LLC

Class D Units

December 22, 2025

AP Himalaya Co-Invest, L.P.

LP Interest

September 18, 2024

IDF 8 Topco, LLC

Series B-1 Units

November 18, 2024

IDF 8 Topco, LLC

Series B-2 Units

November 18, 2024

AMR GP Holdings Ltd

Ordinary Shares

July 9, 2024

The ONE Group Hospitality, Inc.

A-2 Warrants

May 1, 2024

The ONE Group Hospitality, Inc.

B-2 Warrants

May 1, 2024

Claros Mortgage Trust, Inc.

Warrants

January 30, 2026

Creek Feeder, L.P.

LP Interest

December 16, 2024

Behavox Ltd

Class V Shares

June 8, 2026

Behavox Ltd

Class V Shares

June 8, 2026

NE SPV Holdco, LLC

Preferred Units

August 21, 2025

Lasko Operation Holdings, LLC

Common Shares

June 4, 2025

NE SPV Holdco, LLC

Common Units

August 21, 2025

(22) Reflects a "last out" tranche of the portfolio company's senior term debt. In exchange for the greater risk of loss, the “last-out” portion of the Company's senior loan investment generally earns a higher interest rate than the “first-out” portion. The “first-out” portion would generally receive priority with respect to payment of principal, interest and any other amounts due thereunder over the “last-out” portion.

(23) The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2026 was 3.65%.

(24) The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2026 was 3.73%.

(25) The interest rate on these loans is subject to 6 month SOFR, which as of June 30, 2026 was 3.85%.

(26) The interest rate on these loans is subject to 12 month SOFR, which as of June 30, 2026 was 3.99%.

(27) The interest rate on these loans is subject to 1 month EURIBOR, which as of June 30, 2026 was 2.20%.

(28) The interest rate on these loans is subject to 3 month EURIBOR, which as of June 30, 2026 was 2.32%.

(29) The interest rate on these loans is subject to 6 month EURIBOR, which as of June 30, 2026 was 2.57%.

(30) The interest rate on these loans is subject to SONIA, which as of June 30, 2026 was 3.73%.

(31) The interest rate on these loans is subject to 1 month BBSY, which as of June 30, 2026 was 4.36%.

(32) The interest rate on these loans is subject to 3 month BBSY, which as of June 30, 2026 was 4.51%.

(33) The interest rate on these loans is subject to 1 month CORRA, which as of June 30, 2026 was 2.28%.

(34) The interest rate on these loans is subject to 3 month TONA, which as of June 30, 2026 was 0.98%.

(35) The interest rate on these loans is subject to Prime Rate, which as of June 30, 2026 was 6.75%.

(36) Certain of the Company’s preferred equity investments include contractual provisions that provide for a preferred return. Such return features do not represent contractual interest and do not give rise to recurring income recognition. The economic value of these provisions is considered as part of the Company’s overall fair value determination for the applicable investment.

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments (Unaudited)

June 30, 2026

(in thousands)

ADDITIONAL INFORMATION

Foreign currency forward contracts:


Currency Purchased	Notional Purchased	Currency Sold	Notional Sold	Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
U.S. Dollars	28,109	British Pounds	20,963	SMBC Capital Markets, Inc.	September 23, 2026	$	299
U.S. Dollars	7,128	Australian Dollars	10,088	SMBC Capital Markets, Inc.	September 23, 2026	154
U.S. Dollars	2,540	Canadian Dollars	3,537	SMBC Capital Markets, Inc.	September 23, 2026	38
U.S. Dollars	2,395	Japanese Yen	380,696	SMBC Capital Markets, Inc.	September 24, 2026	37
U.S. Dollars	73,956	Euros	63,428	SMBC Capital Markets, Inc.	September 23, 2026	1,233
U.S. Dollars	36,302	British Pounds	28,733	SMBC Capital Markets, Inc.	December 23, 2026	(1,823)
U.S. Dollars	60,666	British Pounds	45,247	Morgan Stanley	September 23, 2026	641
U.S. Dollars	13,983	Euros	11,997	Morgan Stanley	September 23, 2026	228
U.S. Dollars	251	Australian Dollars	355	Morgan Stanley	September 23, 2026	5
U.S. Dollars	11,772	Canadian Dollars	16,397	Morgan Stanley	September 23, 2026	173
Total						$	985

Interest rate swaps:


Counterparty	Hedged Instrument	Company Receives	Company Pays(1)(2)	Maturity Date	Notional Amount	Fair Market Value		Upfront Payments / Receipts		Change in Unrealized Gains / (Losses)(3)
Morgan Stanley	August 2028 Notes	5.86%	SOFR + 2.27%	8/13/2028	150,000	$	(1,493)	$	—	$	(1,819)
Morgan Stanley	August 2030 Notes	6.20%	SOFR + 2.58%	8/13/2030	200,000	(2,813)		—		(3,220)
Total Interest Rate Swaps						$	(4,306)	$	—	$	(5,039)

(1)Interest payments on the Company’s interest rate swaps are made semi-annually.

(2)The interest rate on the interest rate swaps are subject to 3 month SOFR, which as of June 30, 2026 was 3.73%.

(3)For interest rate swaps designated in qualifying hedge relationships, the change in fair value is recorded in interest expense in the Consolidated Statements of Operations.

The accompanying notes are an integral part of these consolidated financial statements.

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
Non-Controlled/Non-Affiliated Investments
First Lien Debt
Aerospace & Defense
Carbon Topco, Inc. (4)(6)(9)					5/1/2030	$	1,332	$	(21)	$	—
Carbon Topco, Inc. (4)(9)(24)	SF +	5.75%	9.59	%	11/1/2030	7,952		7,824		7,952
Goat Holdco LLC (7)(23)	SF +	2.75%	6.47	%	1/27/2032	2,060		2,034		2,068
RH Buyer Inc (4)(10)(24)	SF +	6.50%	10.48	%	1/17/2031	32,504		31,957		31,646
RH Buyer Inc (4)(6)(10)(24)	SF +	6.50%	10.42	%	1/17/2031	3,831		2,541		2,504
Tex-Tech Industries, Inc. (4)(9)(23)	SF +	4.75%	8.48	%	1/13/2031	8,979		8,904		9,069
Tex-Tech Industries, Inc. (4)(6)(9)(23)	SF +	4.75%	8.48	%	1/13/2031	2,010		1,188		1,226
Tex-Tech Industries, Inc. (4)(6)(9)(23)	SF +	4.75%	8.48	%	1/13/2031	1,910		533		549
Valence Surface Technologies LLC (4)(10)(24)	SF +	8.25% (incl 6.50% PIK)	12.15	%	6/13/2031	37,021		36,281		37,097
Valence Surface Technologies LLC (4)(10)(24)	SF +	7.00%	10.74	%	6/13/2031	4,310		4,221		4,319
Valence Surface Technologies LLC (4)(6)(10)(24)	SF +	8.25% (incl 6.50% PIK)	11.92	%	6/13/2031	6,466		6,191		6,341
Valence Surface Technologies LLC (4)(6)(10)					6/13/2031	3,280		(67)		—
WP CPP Holdings, LLC (4)(10)(24)	SF +	7.00% (incl 3.88% PIK)	10.77	%	11/30/2029	41,259		40,638		42,194
								142,224		144,965		11.62	%
Asset Based Lending and Fund Finance
Montagu Lux Finco Sarl (4)(5)(6)(10)(27)	E +	5.50%	7.53	%	2/13/2032	EUR	12,327	6,320		7,085
								6,320		7,085		0.57	%
Automobile Components
ABC Group Holdings Inc (4)(5)(9)(26)	E +	5.88%	7.78	%	8/22/2031	EUR	8,594	9,719		9,756
ABC Group Holdings Inc (4)(5)(9)(22)(26)	E +	6.88%	8.78	%	8/22/2031	EUR	542	607		615
ABC Technologies Inc (4)(5)(9)(23)	SF +	5.75%	9.42	%	8/22/2031	13,613		13,133		13,136
ABC Technologies Inc (4)(5)(9)(22)(23)	SF +	6.71%	10.38	%	8/22/2031	868		837		838
Belron Finance 2019 LLC (8)(24)	SF +	2.25%	6.12	%	10/16/2031	150		148		151
Clarios Global LP (7)(23)	SF +	2.75%	6.47	%	1/28/2032	1,061		1,060		1,068
Tenneco Inc (8)(24)	SF +	4.75%	8.74	%	11/17/2028	5,263		5,199		5,171
								30,703		30,735		2.46	%
Beverages
Winebow Holdings, Inc. (4)(10)(23)	SF +	6.25%	10.07	%	12/31/2027	34,360		34,081		30,110
								34,081		30,110		2.41	%
Capital Markets
DRW Holdings LLC (7)(23)	SF +	3.50%	7.22	%	6/26/2031	2,430		2,426		2,402
Jump Financial LLC (7)(24)	SF +	3.50%	7.17	%	2/26/2032	900		898		891
								3,324		3,293		0.27	%
Chemicals
Discovery Purchaser Corp (8)(24)	SF +	3.75%	7.61	%	10/4/2029	3,008		2,920		2,897
Formerra LLC (4)(10)(23)	SF +	7.25%	11.22	%	11/1/2028	5,753		5,725		5,699
Formerra LLC (4)(10)(23)	SF +	7.25%	11.22	%	11/1/2028	231		230		229
Fortis 333 Inc (7)(24)	SF +	3.50%	7.17	%	3/27/2032	746		744		742
Kensing LLC (4)(10)(24)	SF +	7.25%	11.24	%	5/31/2028	2,768		2,763		2,451
Kensing LLC (4)(10)(24)	SF +	7.25%	11.24	%	5/31/2028	683		682		605
Kensing LLC (4)(10)(24)	SF +	7.25%	11.24	%	5/31/2028	7,752		7,663		6,865
Lummus Technology Holdings V LLC (7)(23)	SF +	2.50%	6.22	%	12/31/2029	7,370		7,411		7,384
								28,138		26,872		2.15	%
Commercial Services & Supplies
Allied Universal Holdco LLC (7)(23)	SF +	3.25%	6.97	%	8/20/2032	6,540		6,532		6,581
Apex Group Treasury LLC (5)(7)(24)	SF +	3.50%	7.39	%	2/27/2032	2,251		2,239		2,127
AVSC Holding Corp. (4)(9)(23)	SF +	5.00%	8.72	%	12/5/2031	8,181		8,043		8,263
AVSC Holding Corp. (4)(6)(9)					12/5/2029	962		(15)		—

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Axiom Buyer, LLC (4)(10)(23)	SF +	6.50%	10.22	%	1/14/2030	17,465		17,145	17,260
Axiom Buyer, LLC (4)(6)(10)					1/14/2030	1,905		(41)	(22)
Axiom Buyer, LLC (4)(6)(10)(23)	SF +	6.50%	10.22	%	1/14/2030	2,140		1,275	1,289
Certania Beteiligungen GmbH (4)(5)(6)(7)					5/23/2029	EUR	4,565	(119)	(117)
Guardian US Holdco LLC (8)(24)	SF +	3.50%	7.17	%	1/31/2030	1,970		1,964	1,976
ImageFIRST Holdings, LLC (7)(24)	SF +	3.00%	6.73	%	3/12/2032	1,548		1,544	1,552
NTH Degree Purchaser Inc (4)(10)(24)	SF +	5.25%	8.99	%	9/10/2030	11,178		11,003	11,120
NTH Degree Purchaser Inc (4)(6)(10)					9/10/2030	3,422		(61)	(18)
NTH Degree Purchaser Inc (4)(6)(10)					9/10/2030	1,792		(28)	(9)
Retail Services WIS Corporation (4)(10)(24)	SF +	7.00%	10.82	%	8/29/2030	21,885		21,478	21,512
Retail Services WIS Corporation (4)(6)(10)					8/29/2030	5,186		(100)	(89)
Team, Inc. (4)(10)(23)	SF +	6.25%	10.00	%	3/12/2030	12,992		12,747	12,836
Team, Inc. (4)(6)(10)					3/12/2030	3,740		(77)	(45)
Wasserman Media Group, LLC (7)(23)	SF +	3.00%	6.72	%	6/23/2032	2,078		2,068	2,086
								85,597	86,302	6.92	%
Communications Equipment
IPC Corp. (4)(10)(22)(24)	SF +	6.76% (incl 1.04% PIK)	10.69	%	10/1/2027	6,736		6,606	6,324
Ribbon Communications Operating Company, Inc (4)(5)(10)(23)	SF +	6.25%	9.97	%	6/21/2029	7,333		7,231	7,407
Ribbon Communications Operating Company, Inc (4)(5)(6)(10)					6/21/2029	849		(12)	—
								13,825	13,731	1.10	%
Construction & Engineering
Powerhouse Intermediate, LLC (4)(10)(24)	SF +	6.25%	10.18	%	1/12/2027	1,763		1,759	1,745
Powerhouse Intermediate, LLC (4)(10)(24)	SF +	6.25%	10.18	%	1/12/2027	819		817	811
								2,576	2,556	0.20	%
Consumer Staples Distribution & Retail
SW Ingredients Holdings, LLC (4)(6)(9)(23)	SF +	5.00%	8.72	%	5/2/2030	3,350		870	895
SW Ingredients Holdings, LLC (4)(9)(23)	SF +	5.00%	8.72	%	5/2/2030	19,614		19,359	19,505
SW Ingredients Holdings, LLC (4)(6)(9)					5/2/2030	2,434		(34)	(13)
								20,195	20,387	1.64	%
Containers & Packaging
Capripack Debtco PLC (4)(5)(10)(27)	E +	5.75% (incl 2.50% PIK)	7.75	%	1/3/2030	EUR	5,345	5,710	6,300
Capripack Debtco PLC (4)(5)(10)(27)	E +	5.75% (incl 2.50% PIK)	7.75	%	1/3/2030	EUR	28,769	30,739	33,912
Clydesdale Acquisition Holdings Inc (8)(23)	SF +	3.18%	6.89	%	4/13/2029	2,424		2,419	2,429
								38,868	42,641	3.42	%
Distributors
Johnstone Supply LLC (7)(23)	SF +	2.50%	6.23	%	6/9/2031	13,466		13,459	13,558
								13,459	13,558	1.09	%
Diversified Consumer Services
American Academy Holdings, LLC (4)(6)(17)					6/30/2027	160		—	(1)
American Academy Holdings, LLC (4)(17)(23)	SF +	9.75% (incl 5.25% PIK)	13.58	%	6/30/2027	6,839		6,839	6,790
Edmentum Ultimate Holdings LLC (4)(10)(22)(24)	SF +	7.29%	11.13	%	7/26/2027	5,338		5,259	5,062
Xponential Fitness LLC (4)(5)(6)(10)					12/6/2030	658		(10)	(10)
Xponential Fitness LLC (4)(5)(10)(24)	SF +	6.75%	10.49	%	12/6/2030	11,932		11,755	11,755
								23,843	23,596	1.89	%
Diversified Telecommunication Services
Grain Connect Limited (4)(5)(16)(29)	SN +	8.50% (incl 6.00% PIK)	12.23	%	8/8/2030	GBP	2,212	2,882	2,902
Grain Connect Limited (4)(5)(6)(16)(29)	SN +	8.50% (incl 6.00% PIK)	12.22	%	8/8/2030	GBP	5,603	28	68

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Grain Connect Limited (4)(5)(6)(16)(29)	SN +	8.50% (incl 6.00% PIK)	12.23	%	8/3/2030	GBP	570	76	56
Grain Connect Limited (4)(5)(6)(16)(29)	SN +	8.50% (incl 6.00% PIK)	12.23	%	8/3/2030	GBP	1,074	1	(37)
								2,987	2,989	0.24	%
Electric Utilities
IDF 8 Borrower, LLC (4)(16)(20)(22)(24)	SF +	8.50%	12.17	%	12/31/2028	2,761		2,613	2,634
IDF 8 Borrower, LLC (4)(16)(24)	SF +	6.00%	9.67	%	12/31/2028	4,141		3,918	3,952
								6,531	6,586	0.53	%
Electrical Equipment
Arcline FM Holdings LLC (9)(24)	SF +	2.75%	6.42	%	6/23/2030	8,360		8,360	8,405
								8,360	8,405	0.67	%
Electronic Equipment, Instruments & Components
CC WDW Borrower, Inc. (4)(10)(24)	SF +	6.75%	10.74	%	1/27/2028	3,156		2,982	3,156
Hobbs & Associates LLC (7)(23)	SF +	2.75%	6.47	%	7/23/2031	2,479		2,470	2,482
								5,452	5,638	0.45	%
Entertainment
AMR GP Ltd (4)(5)(7)		10.50% (incl 5.25% PIK)	10.50	%	7/10/2034	10,882		10,622	10,883
Endeavor Operating Co LLC (5)(7)(23)	SF +	3.00%	6.72	%	3/24/2032	909		905	914
MBS Services Holdings, LLC (4)(10)(18)(24)	SF +	9.50% PIK			1/30/2026	115		111	93
MBS Services Holdings, LLC (4)(10)(18)(23)	SF +	9.50% PIK			1/30/2026	3,958		3,951	3,226
MBS Services Holdings, LLC (4)(10)(18)(23)	SF +	9.50% PIK			1/30/2026	1,037		1,036	845
MBS Services Holdings, LLC (4)(10)(18)(24)	SF +	9.50% PIK			1/30/2026	1,586		1,533	1,292
MBS Services Holdings, LLC (4)(6)(13)(18)(35)	P +	10.00%			1/30/2026	164		144	114
								18,302	17,367	1.39	%
Financial Services
Ascensus Holdings, Inc. (8)(23)	SF +	3.00%	6.72	%	11/24/2032	433		432	433
Eisner Advisory Group LLC (8)(23)	SF +	4.00%	7.72	%	2/28/2031	1,755		1,742	1,769
Focus Financial Partners, LLC (7)(23)	SF +	2.50%	6.22	%	9/15/2031	3,512		3,488	3,522
Madonna Bidco Ltd (4)(5)(7)(29)	SN +	5.25%	8.98	%	10/25/2031	GBP	5,681	7,242	7,735
Madonna Bidco Ltd (4)(5)(6)(7)(29)	SN +	5.25%	8.98	%	10/25/2031	GBP	1,159	50	95
Neon Maple US Debt Mergersub Inc (5)(7)(23)	SF +	2.50%	6.22	%	11/17/2031	3,970		3,962	3,980
Orthrus Ltd (4)(5)(7)(29)	SN +	6.25% (incl 2.75% PIK)	9.99	%	12/5/2031	GBP	3,920	4,933	5,244
Orthrus Ltd (4)(5)(7)(27)	E +	6.25% (incl 2.75% PIK)	8.28	%	12/5/2031	EUR	3,502	3,661	4,085
Orthrus Ltd (4)(5)(10)(24)	SF +	6.25% (incl 2.75% PIK)	10.01	%	12/5/2031	9,252		9,118	9,183
Orthrus Ltd (4)(5)(6)(7)					12/5/2031	GBP	794	(16)	(8)
Orthrus Ltd (4)(5)(10)(24)	SF +	6.25% (incl 2.75% PIK)	10.15	%	12/5/2031	1,336		1,316	1,326
Osaic Holdings Inc (7)(24)	SF +	3.00%	6.60	%	7/30/2032	5,053		5,041	5,080
PF Finco PTY LTD (4)(5)(10)(32)	B +	6.75%	10.57	%	5/30/2030	AUD	10,463	6,610	6,899
PF Finco PTY LTD (4)(5)(6)(10)					5/30/2030	AUD	1,427	(18)	(11)
Priority Holdings, LLC (5)(8)(23)	SF +	3.75%	7.47	%	7/30/2032	2,029		2,024	1,999
Travelex Issuerco 2 PLC (4)(5)(13)(29)	SN +	8.00%	11.72	%	9/22/2028	GBP	1,688	2,022	2,315
								51,607	53,646	4.30	%
Food Products
Aspire Bakeries Holdings LLC (7)(23)	SF +	3.50%	7.22	%	12/23/2030	618		618	622
								618	622	0.05	%
Health Care Equipment & Supplies
Agiliti Health, Inc. (7)(24)	SF +	3.00%	6.86	%	5/1/2030	1,400		1,333	1,375
Bausch + Lomb Corporation (5)(7)(23)	SF +	4.00%	7.72	%	1/15/2031	4,981		4,981	4,994
Bausch + Lomb Corporation (5)(7)(23)	SF +	4.25%	7.97	%	1/15/2031	19,880		19,790	20,114

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Ensemble RCM LLC (7)(24)	SF +	3.00%	6.84	%	8/1/2029	3,705		3,689	3,728
Femur Buyer Inc (4)(10)(24)	SF +	7.50% PIK	11.36	%	10/23/2030	15,317		15,039	14,754
Femur Buyer Inc (4)(6)(10)					10/23/2030	340		—	(12)
Patriot Acquisition Topco Sarl (4)(5)(10)(24)	SF +	4.75%	8.59	%	1/28/2028	61		60	61
Patriot Acquisition Topco Sarl (4)(5)(10)(24)	SF +	4.75%	8.59	%	1/28/2028	331		331	331
Patriot Acquisition Topco Sarl (4)(5)(6)(10)(24)	SF +	4.75%	8.59	%	1/28/2028	78		5	6
Patriot Acquisition Topco Sarl (4)(5)(10)(24)	SF +	4.75%	8.59	%	1/28/2028	514		514	514
Spruce Bidco II Inc (4)(6)(12)					1/31/2032	4,493		(59)	(17)
Spruce Bidco II Inc (4)(9)(24)	SF +	4.75%	8.45	%	1/31/2032	15,511		15,309	15,452
Spruce Bidco II Inc (4)(9)(33)	C +	4.75%	7.00	%	1/31/2032	CAD	3,517	2,397	2,554
Spruce Bidco II Inc (4)(9)(34)	TN +	5.00%	5.75	%	1/31/2032	JPY	377,876	2,408	2,404
Spruce Bidco II Inc (4)(9)(22)(24)	SF +	6.24%	9.93	%	1/31/2032	948		936	945
								66,733	67,203	5.38	%
Health Care Providers & Services
Blazing Star Shields Direct Parent, LLC (4)(10)(24)	SF +	6.00%	9.82	%	8/28/2030	47,946		47,053	47,124
Blazing Star Shields Direct Parent, LLC (4)(6)(10)					8/28/2030	2,131		(40)	(36)
Connect America.com LLC (4)(15)(22)(24)	SF +	6.29%	9.96	%	10/11/2029	34,738		34,334	33,598
Diagnostic Services Holdings, Inc. (4)(10)(23)	SF +	5.50%	9.37	%	3/15/2027	13,557		13,503	13,453
Diagnostic Services Holdings, Inc. (4)(10)(23)	SF +	5.50%	9.37	%	3/15/2027	1,739		1,732	1,726
Diagnostic Services Holdings, Inc. (4)(6)(10)(23)	SF +	5.50%	9.37	%	3/15/2027	333		187	186
FC Compassus LLC (4)(6)(7)					11/26/2030	2,716		(33)	—
FC Compassus LLC (4)(9)(23)	SF +	5.75% (incl 1.50% PIK)	9.47	%	11/26/2030	1,656		1,636	1,672
FC Compassus LLC (4)(6)(9)(23)	SF +	5.75% (incl 1.50% PIK)	9.47	%	11/26/2030	179		18	22
FC Compassus LLC (4)(9)(22)(23)	SF +	7.02% (incl 2.09% PIK)	10.74	%	11/26/2030	13,809		13,644	13,947
FC Compassus LLC (4)(6)(9)(22)(23)	SF +	6.99% (incl 2.07% PIK)	10.70	%	11/26/2030	1,501		149	184
Global Medical Response Inc (7)(24)	SF +	3.50%	7.38	%	10/1/2032	7,000		6,983	7,052
Indigo Purchaser, Inc. (4)(9)(24)	SF +	5.00%	8.67	%	11/21/2031	12,363		12,207	12,487
Indigo Purchaser, Inc. (4)(6)(9)(24)	SF +	5.00%	8.87	%	11/21/2031	2,845		182	250
Indigo Purchaser, Inc. (4)(6)(9)					11/21/2031	1,942		(24)	—
Kabafusion Parent LLC (4)(9)(24)	SF +	4.75%	8.42	%	11/24/2031	9,925		9,841	9,925
Kabafusion Parent LLC (4)(6)(9)					11/24/2031	1,300		(11)	—
Precision Medicine Group, LLC (7)(24)	SF +	3.50%	7.17	%	8/20/2032	998		993	1,004
Raven Acquisition Holdings LLC (7)(23)	SF +	3.00%	6.72	%	11/19/2031	3,090		3,069	3,103
Raven Acquisition Holdings LLC (6)(7)					11/19/2031	222		(2)	1
Solis Mammography Buyer, Inc. (4)(9)(24)	SF +	5.00%	8.67	%	5/29/2032	19,901		19,628	19,686
Solis Mammography Buyer, Inc. (4)(6)(9)					5/29/2032	2,201		(32)	(24)
Solis Mammography Buyer, Inc. (4)(6)(9)					5/29/2030	3,387		(45)	(33)
Southern Veterinary Partners LLC (7)(24)	SF +	2.50%	6.37	%	12/4/2031	1,895		1,885	1,894
Syneos Health Inc (7)(24)	SF +	4.00%	7.67	%	9/27/2030	4,913		4,920	4,924
TTF Lower Intermediate LLC (7)(25)	SF +	3.75%	7.79	%	7/18/2031	3,599		3,553	2,932
WCAS XIII Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.92	%	12/31/2029	16,090		15,788	15,825
WCAS XIII Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.94	%	12/31/2029	9,562		9,372	9,404
WCAS XIV Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.92	%	12/31/2032	19,580		19,203	19,241
WCAS XIV Primary Care Investors, L.P. (4)(10)(24)	SF +	6.25%	9.94	%	12/31/2032	1,690		1,656	1,661
								221,349	221,208	17.72	%
Health Care Technology
AthenaHealth Group Inc. (8)(23)	SF +	2.75%	6.47	%	2/15/2029	9,849		9,868	9,881
Azalea Topco, Inc. (7)(23)	SF +	3.00%	6.72	%	4/30/2031	2,324		2,309	2,331
Project Ruby Ultimate Parent Corp (7)(23)	SF +	2.75%	6.58	%	3/10/2028	6,238		6,231	6,261
								18,408	18,473	1.48	%

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Hotels, Restaurants & Leisure
Azzurri Bidco Ltd (4)(5)(13)(29)	SN +	7.75%	11.47	%	3/30/2030	GBP	32,703	41,682	41,831
Azzurri Bidco Ltd (4)(5)(6)(13)(29)	SN +	7.75%	11.48	%	3/30/2030	GBP	3,270	1,967	1,979
Equinox Holdings, Inc. (4)(10)(24)	SF +	8.25% (incl 4.13% PIK)	11.92	%	3/8/2029	10,473		10,318	10,525
Fertitta Entertainment LLC (8)(23)	SF +	3.25%	6.97	%	1/27/2029	4,923		4,941	4,927
Flynn Restaurant Group LP (7)(23)	SF +	3.75%	7.47	%	1/28/2032	3,870		3,852	3,890
HB AcquisitionCo Pty Ltd (4)(5)(8)(31)	B +	6.50%	10.19	%	8/7/2029	AUD	3,789	2,510	2,493
HB AcquisitionCo Pty Ltd (4)(5)(8)(31)	B +	6.50%	10.18	%	8/7/2029	AUD	421	272	277
Lakeland Tours LLC (4)(9)(24)	SF +	7.75%	11.84	%	3/31/2028	2,803		2,732	2,693
Lakeland Tours LLC (4)(9)(24)	SF +	7.75%	11.57	%	4/1/2027	1,126		1,109	1,095
Lakeland Tours LLC (4)(9)(24)	SF +	7.75%	11.84	%	3/31/2028	3,600		3,509	3,458
LC Ahab US Bidco LLC (7)(23)	SF +	3.00%	6.72	%	5/1/2031	2,802		2,746	2,814
ONE Group, LLC (4)(10)(24)	SF +	6.50%	10.34	%	5/1/2029	6,637		6,504	6,474
ONE Group, LLC (4)(6)(7)(24)	SF +	6.00%	9.84	%	10/31/2028	887		138	126
Saga Mid Co Limited (4)(5)(10)(29)	SN +	6.75%	10.49	%	2/27/2031	GBP	28,019	34,552	38,644
Saga Mid Co Limited (4)(5)(6)(10)					2/27/2031	GBP	8,364	(245)	262
Saga Mid Co Limited (4)(5)(6)(10)					2/27/2031	GBP	1,388	(39)	43
Travel Leaders Group, LLC (4)(13)(23)	SF +	7.50% (incl 3.50% PIK)	11.32	%	3/27/2028	3,748		3,787	3,715
Voyager Parent LLC (7)(23)	SF +	4.75%	8.42	%	7/1/2032	3,942		3,832	3,950
								124,167	129,196	10.35	%
Independent Power and Renewable Electricity Producers
Distributed Solar Development LLC (4)(13)(24)	SF +	8.50% PIK	12.44	%	9/19/2028	10,063		9,882	9,887
Hamilton Projects Acquiror LLC (7)(23)	SF +	2.50%	6.22	%	5/30/2031	9,215		9,197	9,294
Lackawanna Energy Center LLC (7)(24)	SF +	3.00%	6.78	%	8/5/2032	2,089		2,084	2,107
Matrix Renewables USA LLC (4)(5)(11)(27)	E +	7.50% PIK	9.51	%	9/30/2030	EUR	10,647	12,113	12,269
NG Energy Fund 1 LLC (4)(11)(24)	SF +	7.50%	11.19	%	3/22/2028	7,060		6,919	7,025
NRD Construction, LLC (4)(14)(24)	SF +	6.25%	9.92	%	11/6/2029	35,934		35,261	35,447
Palmetto Solar, LLC (4)(13)(24)	SF +	6.25%	9.92	%	9/13/2027	6,020		5,978	5,984
Palmetto Solar, LLC (4)(13)(24)	SF +	6.25%	9.92	%	9/13/2027	5,268		5,231	5,236
Palmetto Solar, LLC (4)(13)(24)	SF +	6.25%	9.92	%	9/13/2027	25,808		25,597	25,649
Palmetto Solar, LLC (4)(13)(24)	SF +	6.25%	9.92	%	9/13/2027	12,904		12,798	12,825
Sunraycer HPS Borrower LLC (4)(14)(24)	SF +	6.50%	10.17	%	10/28/2029	11,781		11,621	11,546
Sunraycer HPS Borrower LLC (4)(14)(24)	SF +	6.50%	10.19	%	10/28/2029	23,734		23,386	23,259
Sunraycer HPS Borrower LLC (4)(14)(24)	SF +	6.50%	10.17	%	10/28/2029	6,574		6,478	6,442
Sunraycer HPS Borrower LLC (4)(6)(14)					10/28/2029	7,911		(116)	(158)
Westlands Power Company Investor, LLC (4)(6)(13)(24)	SF +	6.00%	9.67	%	12/6/2030	50,000		32,139	32,138
								198,568	198,950	15.94	%
Insurance
Acrisure LLC (7)(23)	SF +	3.25%	6.97	%	6/20/2032	5,970		5,956	5,985
Alera Group Intermediate Holdings, Inc. (8)(23)	SF +	3.25%	6.97	%	5/30/2032	3,990		3,972	4,014
Alliant Holdings Intermediate, LLC (7)(23)	SF +	2.50%	6.22	%	9/19/2031	372		363	374
Amynta Agency Borrower Inc (7)(23)	SF +	2.75%	6.47	%	12/29/2031	374		374	375
Broadstreet Partners Group LLC (7)(23)	SF +	2.75%	6.47	%	6/13/2031	641		640	644
CRC Insurance Group LLC (7)(24)	SF +	2.75%	6.42	%	5/6/2031	2,802		2,789	2,810
Global Gruppe GmbH (4)(5)(7)(28)	E +	6.75%	8.85	%	2/1/2030	EUR	7,753	8,833	8,947
HUB International Ltd (7)(24)	SF +	2.25%	6.12	%	6/20/2030	8,022		8,022	8,073
International Construction Products, LLC (4)(5)(7)		15.25% PIK	15.25	%	9/5/2034	1,241		1,241	1,241
Kowalski Trust (4)(5)(7)		16.00% PIK	16.00	%	5/31/2034	20,998		20,717	20,531
OneDigital Borrower LLC (8)(23)	SF +	3.00%	6.72	%	7/2/2031	4,925		4,925	4,944
Trucordia Insurance Services LLC (7)(23)	SF +	3.25%	6.97	%	6/17/2032	3,449		3,441	3,432
								61,273	61,370	4.92	%

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
IT Services
Delta Topco, Inc. (7)(23)	SF +	2.75%	6.58	%	11/30/2029	5,191		5,213	5,172
Mediaocean LLC (8)(23)	SF +	3.50%	7.32	%	12/15/2028	1,689		1,688	1,668
								6,901	6,840	0.55	%
Leisure Products
Beckett Collectibles Holdings, LLC (4)(16)(24)	SF +	8.50%	12.24	%	12/13/2029	11,210		10,920	11,736
								10,920	11,736	0.94	%
Life Sciences Tools & Services
WCG Intermediate Corp (10)(23)	SF +	3.00%	6.72	%	2/25/2032	3,044		3,023	3,054
								3,023	3,054	0.24	%
Machinery
Roper Industrial Products Investment Co (8)(24)	SF +	2.75%	6.42	%	11/22/2029	2,618		2,606	2,635
Time Manufacturing Holdings LLC (4)(9)(24)	SF +	6.50%	10.49	%	12/1/2027	2,611		2,549	2,007
TK Elevator US Newco Inc (5)(8)(25)	SF +	2.75%	6.95	%	4/30/2030	4,169		4,156	4,201
								9,311	8,843	0.71	%
Media
Mediaworks Holdings Limited (4)(5)(9)(30)	BB +	6.00%	8.54	%	10/17/2028	NZD	3,223	1,836	1,841
Shelley Bidco Pty Ltd (4)(5)(6)(9)(32)	B +	6.00%	10.02	%	10/17/2028	AUD	1,682	130	132
Shelley Bidco Pty Ltd (4)(5)(9)(32)	B +	6.00%	9.69	%	10/17/2028	AUD	14,400	9,293	9,542
								11,259	11,515	0.92	%
Metals & Mining
Alchemy US Holdco 1 LLC (4)(10)(24)	SF +	6.50%	10.34	%	7/31/2029	13,918		13,479	13,026
Alchemy US Holdco 1 LLC (4)(10)(27)	E +	6.50%	8.57	%	7/31/2029	EUR	2,937	3,078	3,218
Alchemy US Holdco 1 LLC (4)(6)(10)(24)	SF +	6.50%	10.34	%	7/31/2029	1,203		107	75
Star Holding LLC (7)(23)	SF +	4.50%	8.22	%	7/31/2031	707		704	696
								17,368	17,015	1.36	%
Multi-Utilities
Forgent Intermediate IV (4)(7)(23)	SF +	3.25%	6.98	%	12/20/2032	2,586		2,560	2,573
								2,560	2,573	0.21	%
Pharmaceuticals
Alvogen Pharma US, Inc. (4)(16)(24)	SF +	9.50%	13.17	%	11/30/2028	19,210		18,810	18,880
Amneal Pharmaceuticals LLC (5)(8)(23)	SF +	3.50%	7.22	%	8/1/2032	1,037		1,035	1,048
Azurity Pharmaceuticals Inc (4)(10)(24)	SF +	7.00%	10.71	%	3/14/2030	45,496		44,732	43,564
Azurity Pharmaceuticals Inc (4)(6)(10)					3/14/2030	4,037		(68)	(171)
Creek Parent, Inc. (4)(9)(23)	SF +	5.00%	8.73	%	12/18/2031	13,360		13,175	13,307
Creek Parent, Inc. (4)(6)(9)					12/18/2031	2,754		(38)	(11)
Creek Parent, Inc. (4)(9)(22)(23)	SF +	5.77%	9.51	%	12/18/2031	1,210		1,193	1,205
Endo Finance Holdings Inc (8)(23)	SF +	3.75%	7.47	%	4/23/2031	3,950		3,958	3,923
RBP Global Holdings Ltd (4)(5)(9)(24)	SF +	5.25%	9.17	%	11/4/2030	16,465		15,967	16,073
RBP Global Holdings Ltd (4)(5)(6)(9)					11/4/2030	3,878		(117)	(92)
								98,647	97,726	7.83	%
Professional Services
Citrin Cooperman Advisors LLC (7)(24)	SF +	3.00%	6.67	%	4/1/2032	2,940		2,913	2,952
CohnReznick Advisory LLC (7)(24)	SF +	3.50%	7.17	%	3/31/2032	305		304	307
CohnReznick Advisory LLC (6)(7)					3/31/2032	49		—	—
Grant Thornton Advisors Holdings LLC (7)(23)	SF +	2.75%	6.47	%	6/2/2031	5,555		5,555	5,573
YA Intermediate Holdings II LLC (4)(9)(25)	SF +	5.00%	8.85	%	10/1/2031	5,232		5,211	5,258
YA Intermediate Holdings II LLC (4)(6)(9)(24)	SF +	5.00%	8.69	%	10/1/2031	2,200		317	343
YA Intermediate Holdings II LLC (4)(6)(9)(24)	SF +	5.00%	8.86	%	10/1/2031	1,083		275	280
								14,575	14,713	1.18	%
Software
Alegeus Technologies Holdings Corp (4)(10)(24)	SF +	6.50%	10.34	%	11/5/2029	34,475		33,813	34,580

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)	Fair Value	Percentage of Net Assets
Boreal Bidco (4)(5)(7)(27)	E +	7.25% (incl 5.75% PIK)	9.27	%	3/26/2032	EUR	14,209	15,047	16,434
Calabrio, Inc. (7)(24)	SF +	4.00%	7.84	%	11/26/2032	3,640		3,460	3,440
Central Parent LLC (7)(24)	SF +	3.25%	6.92	%	7/6/2029	1,604		1,598	1,364
CF Newco Inc (4)(11)(23)	SF +	6.00%	9.66	%	12/10/2029	31,525		31,277	31,613
CF Newco Inc (4)(11)(23)	SF +	6.25%	9.99	%	12/10/2029	12,000		11,852	12,034
CF Newco Inc (4)(6)(11)(23)	SF +	6.00%	9.74	%	12/10/2029	5,500		1,868	1,925
DigiCert Inc (4)(9)(23)	SF +	5.75%	9.47	%	7/30/2030	1,995		1,968	1,972
DigiCert Inc (4)(9)(22)(23)	SF +	6.40%	10.12	%	7/30/2030	43,570		42,973	43,034
DigiCert Inc (4)(6)(9)					7/30/2030	4,746		(65)	(54)
Einstein Parent Inc (4)(9)(24)	SF +	6.50%	10.36	%	1/22/2031	26,128		25,688	25,815
Einstein Parent Inc (4)(6)(9)					1/22/2031	2,707		(46)	(32)
Espresso Bidco Inc. (4)(9)(24)	SF +	5.75% (incl 3.13% PIK)	9.42	%	3/25/2032	13,258		13,081	13,140
Espresso Bidco Inc. (4)(6)(9)					3/25/2032	3,583		(51)	(32)
Espresso Bidco Inc. (4)(6)(9)					3/25/2032	1,593		(22)	(14)
Finastra USA, Inc. (10)(24)	SF +	7.25%	10.97	%	9/13/2029	4,601		4,544	4,636
ION Platform Finance US Inc (7)(24)	SF +	3.75%	7.42	%	10/7/2032	10,000		9,903	9,414
Kaseya Inc (7)(23)	SF +	3.00%	6.72	%	3/20/2032	5,747		5,717	5,759
McAfee Corp (8)(23)	SF +	3.00%	6.72	%	3/1/2029	510		480	473
Mitchell International Inc (8)(23)	SF +	3.25%	6.97	%	6/17/2031	4,938		4,918	4,960
Project Alpha Intermediate Holding, Inc. (8)(24)	SF +	3.25%	6.92	%	10/26/2030	6,969		6,904	6,966
Proofpoint, Inc. (8)(24)	SF +	3.00%	6.67	%	8/31/2028	2,483		2,465	2,500
Rocket Software Inc (8)(23)	SF +	3.75%	7.47	%	11/28/2028	2,017		1,978	2,019
Stack Sports Buyer, LLC (4)(9)(23)	SF +	5.75% (incl 3.13% PIK)	9.47	%	3/31/2031	18,465		18,226	18,376
Stack Sports Buyer, LLC (4)(6)(9)					3/31/2031	4,071		(57)	(19)
Stack Sports Buyer, LLC (4)(6)(9)					3/31/2031	2,994		(39)	(14)
Storable Inc (7)(23)	SF +	3.25%	6.97	%	4/16/2031	1,867		1,863	1,878
Tango Bidco SAS (4)(5)(6)(7)					10/17/2031	EUR	348	(5)	(9)
Tango Bidco SAS (4)(5)(6)(7)(27)	E +	5.25%	7.28	%	10/17/2031	EUR	1,844	1,301	1,449
Tango Bidco SAS (4)(5)(7)(27)	E +	5.25%	7.28	%	10/17/2031	EUR	4,646	4,969	5,343
Technology Growth Capital Pty Ltd (4)(5)(10)(24)	SF +	6.50%	10.48	%	7/2/2030	3,544		3,471	3,541
Tricentis Operations Holdings Inc (4)(9)(24)	SF +	6.25% (incl 4.88% PIK)	10.09	%	2/11/2032	19,447		19,283	19,455
Tricentis Operations Holdings Inc (4)(6)(9)					2/11/2032	3,748		(35)	2
Tricentis Operations Holdings Inc (4)(6)(9)					2/11/2032	2,713		(24)	—
UKG Inc (7)(24)	SF +	2.50%	6.34	%	2/10/2031	5,209		5,199	5,220
								273,502	277,168	22.21	%
Specialty Retail
Constellation Automotive Limited (4)(5)(7)(28)	E +	6.25%	8.37	%	4/3/2031	EUR	4,527	4,927	5,403
Constellation Automotive Limited (4)(5)(7)(29)	SN +	6.25%	10.00	%	4/3/2031	GBP	10,951	14,140	14,975
Great Outdoors Group, LLC (9)(23)	SF +	3.25%	6.97	%	1/23/2032	2,023		2,014	2,038
Knitwell Borrower LLC (4)(10)(24)	SF +	7.75%	11.72	%	7/28/2027	1,880		1,858	1,864
Knitwell Borrower LLC (4)(10)(24)	SF +	7.75%	11.72	%	7/28/2027	13,139		12,913	13,024
PetSmart LLC (7)(23)	SF +	4.00%	7.73	%	8/18/2032	8,369		8,289	8,345
Staples, Inc. (8)(24)	SF +	5.75%	9.60	%	9/4/2029	12,283		11,878	11,696
White Cap Buyer, LLC (7)(23)	SF +	3.25%	6.97	%	10/19/2029	2,131		2,122	2,142
								58,141	59,487	4.77	%
Trading Companies & Distributors
Atlas Intermediate III LLC (4)(10)(24)	SF +	7.75%	11.59	%	10/31/2029	9,391		9,253	9,107
W3 TopCo LLC (4)(10)(24)	SF +	6.50%	10.36	%	3/22/2029	13,478		13,131	12,288
								22,384	21,395	1.71	%
Transportation Infrastructure

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
Tikehau Motion Midco SARL (4)(5)(7)(28)	E +	6.50%	8.59	%	8/22/2031	EUR	4,765	5,480		5,534
Tikehau Motion Midco SARL (4)(5)(7)(28)	E +	6.50%	8.59	%	8/22/2031	EUR	10,291	11,837		11,954
Tikehau Motion Midco SARL (4)(5)(6)(7)					8/22/2031	EUR	7,635	(174)		(102)
								17,143		17,386		1.39	%
Wireless Telecommunication Services
CCI Buyer, Inc. (4)(6)(9)					5/13/2032	144		(1)		—
CCI Buyer, Inc. (4)(9)(24)	SF +	5.00%	8.67	%	5/13/2032	1,869		1,852		1,869
								1,851		1,869		0.15	%
Total First Lien Debt								$	1,775,093	$	1,788,804	143.33	%

Second Lien Debt
Aerospace & Defense
Albers Aerospace Holdings LLC (4)(7)		13.00% (incl 4.00% PIK)	13.00	%	6/22/2031	$	3,020	$	2,975	$	2,975
Albers Aerospace Holdings LLC (4)(6)(7)					6/22/2031	1,983		(30)		(30)
								2,945		2,945		0.24	%
Hotels, Restaurants & Leisure
Equinox Holdings, Inc. (4)(7)		16.00% PIK	16.00	%	6/30/2027	1,663		1,646		1,658
								1,646		1,658		0.13	%
Insurance
International Construction Products, LLC (4)(5)(7)		15.25% PIK	15.25	%	9/5/2034	3,303		3,303		3,303
								3,303		3,303		0.26	%
Total Second Lien Debt								$	7,894	$	7,906	0.63	%

Other Secured Debt
Asset Based Lending and Fund Finance
TPG VIII Merlin New Holdings I, L.P. (4)(5)(10)(24)	SF +	6.50%	10.44	%	3/15/2027	$	9,723	$	9,646	$	9,680
RGP Holdings 2, LLC (4)(5)(10)(24)	SF +	6.50% PIK	10.17	%	10/11/2032	3,583		3,515		3,514
								13,161		13,194		1.06	%
Electric Utilities
IDF 9 Financeco, LLC (4)(16)(24)	SF +	8.50%	12.17	%	3/28/2031	2,518		2,496		2,505
								2,496		2,505		0.20	%
Entertainment
Chord Searchlight, L.P (4)(5)(6)(10)(24)	SF +	6.75% PIK	10.59	%	7/16/2030	22,299		16,756		16,922
								16,756		16,922		1.36	%
Financial Services
GAPCO AIV Interholdco (CP), L.P. (4)(5)(6)(10)					3/31/2033	12,500		(500)		(365)
Stanford Midco Limited (4)(5)(7)(29)	SN +	10.00% PIK	13.79	%	8/5/2026	GBP	1,880	2,469		2,506
								1,969		2,141		0.17	%
Independent Power and Renewable Electricity Producers
Flatiron Energy Holdco LLC (4)(14)(24)	SF +	7.38% PIK	11.05	%	10/1/2029	4,027		3,957		3,966
Flatiron Energy Holdco LLC (4)(14)(24)	SF +	7.38% PIK	11.05	%	10/1/2029	5,554		5,464		5,469
Flatiron Energy Holdco LLC (4)(6)(14)(25)	SF +	7.38% PIK	11.22	%	10/1/2029	41,156		4,935		4,970
								14,356		14,405		1.15	%
Media
Shelley Midco 1 Pty Ltd (4)(5)(7)		13.50% PIK	13.50	%	4/17/2029	AUD	19,023	12,305		12,634
								12,305		12,634		1.01	%
Real Estate Management & Development
Link Apartments Opportunity Zone REIT, LLC (4)(16)(24)	SF +	7.50%	11.17	%	12/27/2029	1,819		1,790		1,803
Link Apartments Opportunity Zone REIT, LLC (4)(6)(16)(24)	SF +	7.50%	11.17	%	12/27/2029	1,039		768		776
								2,558		2,579		0.21	%

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
Total Other Secured Debt								$	63,601	$	64,380	5.16	%

Unsecured Debt
Capital Markets
Constellation Wealth Capital Fund-A-Blocker (LIDO), LLC (4)					2/1/2038	$	47	$	—	$	—
								—		—		—	%
Financial Services
Freedom Funding Center LLC (4)(7)		12.00%	12.00	%	9/30/2032	27,876		27,876		28,161
								27,876		28,161		2.26	%
Health Care Equipment & Supplies
Corza Medical Srl (4)(5)(7)		14.00% PIK	14.00	%	2/13/2030	19,369		19,164		19,950
								19,164		19,950		1.60	%
Total Unsecured Debt								$	47,040	$	48,111	3.86	%

Structured Finance Investments
Structured Finance
Alp CFO 2025, L.P. (4)(5)(7) - Class A		7.09%	7.09	%	7/15/2037	$	1,000	$	1,000	$	1,000
Alp CFO 2025, L.P. (4)(5)(7) - Class B		9.44%	9.44	%	7/15/2037	2,500		2,500		2,500
Alp CFO 2025, L.P. (4)(5)(7) - Class C		12.24%	12.24	%	7/15/2037	4,000		4,000		4,000
Alp CFO 2025, L.P. (4)(5)(20) - Subordinated Note					7/15/2037	4,000		4,000		4,000
Ares Secondaries Pbn Finance Co IV LLC (4)(5)(6)(7)(24) - Class A	SF +	2.90%	6.89	%	4/14/2039	997		7		27
Ares Secondaries Pbn Finance Co IV LLC (4)(5)(6)(7)(24) - Class C	SF +	8.50%	12.49	%	4/14/2039	7,000		73		297
Coller Private Equity Backed Notes & Loans II-A LP (4)(5)(6)(7)(24) - Class A	SF +	2.95%	6.95	%	4/30/2037	1,000		401		404
Coller Private Equity Backed Notes & Loans II-A LP (4)(5)(6)(7)(24) - Class B	SF +	5.20%	9.20	%	4/30/2037	1,000		401		398
PBN II-A Equity Holdings L.P. (4)(5)(6)(20) - Limited Partnership Interest						10,000		4,631		4,580
								17,013		17,206		1.38	%
Total Structured Finance Investments								$	17,013	$	17,206	1.38	%

Preferred Equity
Aerospace & Defense
Albers Aerospace Holdings LLC (4)(20)(21) - Preferred Units						5,000		$	4,292	$	4,306
								4,292		4,306		0.35	%
Asset Based Lending and Fund Finance
LC8 Cirrostratus L.P. (4)(5)(10)(21)(24) - Class A Units	SF +	7.00% PIK	10.69	%	2/8/2029	1,714		1,692		1,702
								1,692		1,702		0.14	%
Beverages
CC Investor Aggregator, L.P. (4)(21) - Class A Units						40,582		40,582		43,835
								40,582		43,835		3.51	%
Capital Markets
CB Lido Offshore Blocker X, LLC (4)(21) - Class Z Units						2,947,104		2,947		3,031
Constellation Wealth Capital Fund-A-Blocker (LIDO), LLC (4)(21) - Class Z Units						21,755		121		124
LAL Group Holdings, LLC (4)(20)(21) - Class Z Units						21,932,329		21,932		22,559
								25,000		25,714		2.06	%
Electric Utilities
IDF 9 Financeco, LLC (4)(20)(21) - Series B Units						1,055,303		1,045		1,150
								1,045		1,150		0.09	%
Health Care Equipment & Supplies
Femur Holdings LP (4)(21) - Preferred Stock						5,161,701		5,064		3,468

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)		Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
								5,064		3,468		0.28	%
Hotels, Restaurants & Leisure
The ONE Group Hospitality, Inc. (4)(21) - Preferred Stock						1,000		877		1,134
								877		1,134		0.09	%
Software
Lava Topco, Inc. (4)(21) - Preferred Stock						25,000		25,000		25,000
								25,000		25,000		2.00	%
Textiles, Apparel & Luxury Goods
Kendra Scott Design Inc (4)(21) - Preferred Stock						2,316,836		24,270		33,117
								24,270		33,117		2.65	%
Wireless Telecommunication Services
CCI Topco, Inc. (4)(21) - Preferred Stock						500		49,005		54,604
								49,005		54,604		4.38	%
Total Preferred Equity								$	176,827	$	194,030	15.55	%

Other Equity Investments
Aerospace & Defense
Albers Aerospace Holdings LLC (4)(20)(21) - Class D Units						24		$	633	$	633
								633		633		0.05	%
Consumer Staples Distribution & Retail
AP Himalaya Co-Invest, L.P. (4)(21) - LP Interest						20,006		20,087		21,745
								20,087		21,745		1.74	%
Electric Utilities
IDF 8 Topco, LLC (4)(20)(21) - Series B-1 Units						230,248		230		—
IDF 8 Topco, LLC (4)(20)(21) - Series B-2 Units						230,248		230		—
								460		—		—	%
Entertainment
AMR GP Holdings Ltd (4)(5)(21) - Ordinary Shares						1,675		10,047		15,634
								10,047		15,634		1.26	%
Hotels, Restaurants & Leisure
The ONE Group Hospitality, Inc. (21) - A-2 Warrants						11,911		61		21
The ONE Group Hospitality, Inc. (4)(21) - B-2 Warrants						6,667		12		—
								73		21		—	%
Pharmaceuticals
Creek Feeder, L.P. (4)(21) - LP Interest						10,000		10,000		10,835
								10,000		10,835		0.87	%
Total Other Equity Investments								$	41,300	$	48,868	3.92	%
Total Investments - Non-Controlled/Non-Affiliated								$	2,128,768	$	2,169,305	173.83	%

Non-Controlled/Affiliated Investments
First Lien Debt
Household Durables
Lasko Operation Holdings, LLC (4)(10)(19)(24)	SF +	6.50%	10.59	%	6/4/2030	$	1,768	$	1,701	$	1,768
								1,701		1,768		0.14	%
IT Services
New Era Technology Inc (4)(10)(19)(24)	SF +	6.25% PIK	10.07	%	6/30/2030	4,481		4,430		4,481
								4,430		4,481		0.36	%
Total First Lien Debt								$	6,131	$	6,249	0.50	%

Preferred Equity
IT Services
NE SPV Holdco, LLC (4)(19)(21) - Preferred Units						4,139		$	3,018	$	1,980

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Company (1)	Reference Rate and Spread (2)	Interest Rate (2)		Maturity Date	Par Amount/Units		Amortized Cost (3)		Fair Value		Percentage of Net Assets
							3,018		1,980		0.16	%
Total Preferred Equity							$	3,018	$	1,980	0.16	%

Other Equity Investments
Household Durables
Lasko Operation Holdings, LLC (4)(19)(21) - Common Shares					891		$	287	$	287
							287		287		0.02	%
IT Services
NE SPV Holdco, LLC (4)(19)(21) - Common Units					4,139		—		—
							—		—		—	%
Total Other Equity Investments							$	287	$	287	0.02	%
Total Investments - Non-Controlled/Affiliated							$	9,436	$	8,516	0.68	%
Total Investment Portfolio							$	2,138,204	$	2,177,821	174.51	%

Cash and Cash Equivalents
Dreyfus Government Cash Management (5)		3.67	%		$	9,305	$	9,305	$	9,305
Dreyfus Treasury Obligations Cash Management (5)		3.68	%		5		5		5
Goldman Sachs Financial Square Government Fund (5)		3.69	%		390		390		390
Cash							14,402		14,402
Total Cash and Cash Equivalents							$	24,102	$	24,102	1.93	%
Total Investment Portfolio, Cash and Cash Equivalents							$	2,162,306	$	2,201,923	176.44	%

(1) Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in U.S. dollars. As of December 31, 2025, the Company had investments denominated in Canadian Dollars (CAD), Euros (EUR), British Pounds (GBP), Japanese Yen (JPY), New Zealand Dollars (NZD), and Australian Dollars (AUD). All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. The total par amount (in thousands) is presented for debt investments and the number of shares or units (in whole amounts) owned is presented for equity investments. Each of the Company’s investments is pledged as collateral under its credit facility unless otherwise indicated.

(2) The majority of the investments bear interest at a rate that may be determined by reference to the Prime Rate (“Prime” or “P”), Sterling Overnight Index Average ("SONIA" or "SN"), Euro Interbank Offer Rate (“Euribor” or “E”), Secured Overnight Financing Rate ("SOFR" or "SF"), Canadian Overnight Repo Rate Average ("CORRA" or "C"), Tokyo Overnight Average Rate (“TONA” or “TN”), Bank Bill Benchmark Rate (“BKBM” or “BB”), or Bank Bill Swap Bid Rate ("BBSY" or "B") which reset daily, monthly, quarterly, semiannually or annually. For each such investment, the Company has provided the spread over Prime, SONIA, Euribor, SOFR, CORRA, TONA, BKBM, or BBSY and the current contractual interest rate in effect at December 31, 2025. Certain investments are subject to a SOFR interest rate floor, or rate cap. Certain investments contain a payment-in-kind (“PIK”) provision. SOFR-based contracts may include a credit spread adjustment, which is included within the stated all-in interest rate, if applicable, that is charged in addition to the base rate and the stated spread.

(5) The investment is not a qualifying asset, in whole or in part, under Section 55(a) of the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”). The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2025, non-qualifying assets represented 23.1% of total assets as calculated in accordance with regulatory requirements.


Investments-non-controlled/non-affiliated	Commitment Type	Unfunded Commitment		Fair Value
Albers Aerospace Holdings LLC	2nd Lien Senior Secured Delayed Draw Loan	$	1,983	$	(30)
Alchemy US Holdco 1 LLC	1st Lien Senior Secured Delayed Draw Loan	1,051		(69)
American Academy Holdings, LLC	1st Lien Senior Secured Revolving Loan	160		(1)
Ares Secondaries Pbn Finance Co IV LLC	Structured Finance Obligations - Debt Instruments	6,927		221
Ares Secondaries Pbn Finance Co IV LLC	Structured Finance Obligations - Debt Instruments	990		20
AVSC Holding Corp.	1st Lien Senior Secured Revolving Loan	962		—
Axiom Buyer, LLC	1st Lien Senior Secured Delayed Draw Loan	1,905		(22)

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Investments-non-controlled/non-affiliated	Commitment Type	Unfunded Commitment	Fair Value
Axiom Buyer, LLC	1st Lien Senior Secured Revolving Loan	825	(10)
Azurity Pharmaceuticals Inc	1st Lien Senior Secured Revolving Loan	4,037	(171)
Azzurri Bidco Ltd	1st Lien Senior Secured Delayed Draw Loan	2,204	(113)
Blazing Star Shields Direct Parent, LLC	1st Lien Senior Secured Revolving Loan	2,131	(36)
Carbon Topco, Inc.	1st Lien Senior Secured Revolving Loan	1,332	—
CCI Buyer, Inc.	1st Lien Senior Secured Revolving Loan	144	—
Certania Beteiligungen GmbH	1st Lien Senior Secured Delayed Draw Loan	5,363	(117)
CF Newco Inc	1st Lien Senior Secured Revolving Loan	3,575	—
Chord Searchlight, L.P	Other Secured Debt Delayed Draw Loan	5,234	(33)
CohnReznick Advisory LLC	1st Lien Senior Secured Delayed Draw Loan	49	—
Coller Private Equity Backed Notes & Loans II-A LP	Structured Finance Obligations - Debt Instruments	599	2
Coller Private Equity Backed Notes & Loans II-A LP	Structured Finance Obligations - Debt Instruments	599	(2)
Creek Parent, Inc.	1st Lien Senior Secured Revolving Loan	2,754	(11)
Diagnostic Services Holdings, Inc.	1st Lien Senior Secured Revolving Loan	144	(1)
DigiCert Inc	1st Lien Senior Secured Revolving Loan	4,746	(54)
Einstein Parent Inc	1st Lien Senior Secured Revolving Loan	2,707	(32)
Espresso Bidco Inc.	1st Lien Senior Secured Delayed Draw Loan	3,583	(32)
Espresso Bidco Inc.	1st Lien Senior Secured Revolving Loan	1,593	(14)
FC Compassus LLC	1st Lien Senior Secured Delayed Draw Loan	159	2
FC Compassus LLC	1st Lien Senior Secured Delayed Draw Loan	1,332	13
FC Compassus LLC	1st Lien Senior Secured Revolving Loan	2,716	—
Femur Buyer Inc	1st Lien Senior Secured Revolving Loan	340	(12)
Flatiron Energy Holdco LLC	Other Secured Debt Delayed Draw Loan	35,559	(543)
GAPCO AIV Interholdco (CP), L.P.	Other Secured Debt Delayed Draw Loan	12,500	(365)
Grain Connect Limited	1st Lien Senior Secured Delayed Draw Loan	1,446	(38)
Grain Connect Limited	1st Lien Senior Secured Delayed Draw Loan	692	(18)
Grain Connect Limited	1st Lien Senior Secured Delayed Draw Loan	7,285	(193)
Indigo Purchaser, Inc.	1st Lien Senior Secured Delayed Draw Loan	2,623	26
Indigo Purchaser, Inc.	1st Lien Senior Secured Revolving Loan	1,942	—
Kabafusion Parent LLC	1st Lien Senior Secured Revolving Loan	1,300	—
Link Apartments Opportunity Zone REIT, LLC	Other Secured Debt Delayed Draw Loan	255	(2)
Madonna Bidco Ltd	1st Lien Senior Secured Delayed Draw Loan	1,483	15
MBS Services Holdings, LLC	1st Lien Senior Secured Delayed Draw Loan	20	(4)
Montagu Lux Finco Sarl	1st Lien Senior Secured Delayed Draw Loan	7,242	(79)
NTH Degree Purchaser Inc	1st Lien Senior Secured Delayed Draw Loan	3,422	(18)
NTH Degree Purchaser Inc	1st Lien Senior Secured Revolving Loan	1,792	(9)
ONE Group, LLC	1st Lien Senior Secured Revolving Loan	731	(24)
Orthrus Ltd	1st Lien Senior Secured Delayed Draw Loan	1,071	(8)
Patriot Acquisition Topco Sarl	1st Lien Senior Secured Revolving Loan	72	—
PBN II-A Equity Holdings L.P.	Structured Finance Obligations - Limited Partnership Interest	5,420	—
PF Finco PTY LTD	1st Lien Senior Secured Delayed Draw Loan	952	(11)
Raven Acquisition Holdings LLC	1st Lien Senior Secured Delayed Draw Loan	222	1
RBP Global Holdings Ltd	1st Lien Senior Secured Revolving Loan	3,878	(92)
Retail Services WIS Corporation	1st Lien Senior Secured Delayed Draw Loan	5,186	(89)
RH Buyer Inc	1st Lien Senior Secured Revolving Loan	1,226	(32)
Ribbon Communications Operating Company, Inc	1st Lien Senior Secured Revolving Loan	849	—
Saga Mid Co Limited	1st Lien Senior Secured Delayed Draw Loan	11,274	262
Saga Mid Co Limited	1st Lien Senior Secured Delayed Draw Loan	1,871	43
Shelley Bidco Pty Ltd	1st Lien Senior Secured Delayed Draw Loan	982	(7)
Solis Mammography Buyer, Inc.	1st Lien Senior Secured Delayed Draw Loan	2,201	(24)
Solis Mammography Buyer, Inc.	1st Lien Senior Secured Revolving Loan	3,387	(33)
Spruce Bidco II Inc	1st Lien Senior Secured Revolving Loan	4,493	(17)
Stack Sports Buyer, LLC	1st Lien Senior Secured Delayed Draw Loan	4,071	(19)
Stack Sports Buyer, LLC	1st Lien Senior Secured Revolving Loan	2,994	(14)

Table of Contents

HPS Corporate Capital Solutions Fund

Consolidated Schedule of Investments

December 31, 2025

(in thousands)


Investments-non-controlled/non-affiliated	Commitment Type	Unfunded Commitment		Fair Value
Sunraycer HPS Borrower LLC	1st Lien Senior Secured Delayed Draw Loan	7,911		(158)
SW Ingredients Holdings, LLC	1st Lien Senior Secured Delayed Draw Loan	2,434		(13)
SW Ingredients Holdings, LLC	1st Lien Senior Secured Revolving Loan	2,437		(13)
Tango Bidco SAS	1st Lien Senior Secured Delayed Draw Loan	409		(9)
Tango Bidco SAS	1st Lien Senior Secured Delayed Draw Loan	671		(14)
Team, Inc.	1st Lien Senior Secured Delayed Draw Loan	3,740		(45)
Tex-Tech Industries, Inc.	1st Lien Senior Secured Delayed Draw Loan	804		8
Tex-Tech Industries, Inc.	1st Lien Senior Secured Revolving Loan	1,361		—
Tikehau Motion Midco SARL	1st Lien Senior Secured Delayed Draw Loan	8,970		(102)
Tricentis Operations Holdings Inc	1st Lien Senior Secured Delayed Draw Loan	3,748		2
Tricentis Operations Holdings Inc	1st Lien Senior Secured Revolving Loan	2,713		—
Valence Surface Technologies LLC	1st Lien Senior Secured Delayed Draw Loan	138		—
Valence Surface Technologies LLC	1st Lien Senior Secured Revolving Loan	3,280		—
Westlands Power Company Investor, LLC	1st Lien Senior Secured Delayed Draw Loan	16,875		(334)
Xponential Fitness LLC	1st Lien Senior Secured Revolving Loan	658		(10)
YA Intermediate Holdings II LLC	1st Lien Senior Secured Delayed Draw Loan	1,867		9
YA Intermediate Holdings II LLC	1st Lien Senior Secured Revolving Loan	803		—
Total		$	247,404	$	(2,473)

(7) There are no interest rate floors on these investments.

(8) The interest rate floor on these investments as of December 31, 2025 was 0.50%.

(9) The interest rate floor on these investments as of December 31, 2025 was 0.75%.

(10) The interest rate floor on these investments as of December 31, 2025 was 1.00%.

(11) The interest rate floor on these investments as of December 31, 2025 was 1.50%.

(12) The interest rate floor on these investments as of December 31, 2025 was 1.75%.

(13) The interest rate floor on these investments as of December 31, 2025 was 2.00%.

(14) The interest rate floor on these investments as of December 31, 2025 was 2.50%.

(15) The interest rate floor on these investments as of December 31, 2025 was

Form: 10-Q

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