HPS European Corporate Lending Fund

HPS European Corporate Lending Fund is an open-ended SICAV launched by HPS in 2025 and domiciled in Luxembourg, where it operates under the UCI Part II framework rather than as an ELTIF, with N/A recorded for its ELTIF version. It pursues a direct lending approach within private debt, reported in USD, and is distributed on a pan-European basis to both professional and retail-eligible investors subject to a minimum subscription of 25,000 USD. Within the Novantigo universe of 494 vehicles as of 31 Aug 2026, it is one of 148 private debt funds, one of 347 funds domiciled in Luxembourg, and one of 108 that combine both characteristics.

The liquidity mechanics are those of an evergreen private credit vehicle rather than a drawdown fund: capital is taken in on a monthly basis against a monthly net asset value, while exits are processed only on a quarterly cycle with a notice period of 20 days, and a soft lock-up applies to early redemptions. Redemption capacity is therefore a function of the manager's ability to generate repayments and recycle loan proceeds, and dealing terms may be subject to the gating provisions typical of the structure. The fund carries a risk indicator of 3 on the standard scale.

Underlying exposure is concentrated in directly originated senior corporate loans, with the regional breakdown shown under for comparison against the 108 same-domicile peers in the asset class. Reported assets stand at , and the fee structure comprises a management fee of alongside a performance fee of , each benchmarked against the broader set of 148 private debt funds on the platform.