HPS Specialty Loan Fund VI
HPS
HPS's Specialty Direct Lending ("SLF") Strategy
Opportunistic direct lending strategy, focused on larger borrowers, with ability to navigate market niches that we believe
can offer attractive risk-adjusted returns
Strategy Overview:
Performing
1 Senior Secured
Strategy
2
3
4
5
Upper Middle
Market Orientation
Opportunistic
Approach
Focus on Downside
Protection
Strong Market
Positioning
Targeting ~90%+ in first lien, floating rate, senior secured loans
▪ Current income orientation with the majority of assets expected to be cash pay with coupon income
distributed quarterly
Lending to upper middle market and large borrowers with average EBITDA of ~$100M+¹
Ability to strategically grow with borrowers over time
Ability to navigate complexity to extract incremental value
▪ Few willing lenders with requisite expertise to assess special situations, providing an opportunity to
capture excess returns
Focus on capital preservation with downside protection
Emphasis on quality of credit documents, structural protections, and seniority in the cap stack
Known as a lender of scale with track record of non-sponsor and structuring capabilities
HPS's flagship direct lending strategy with ~13 years of investing activity
As of December 31, 2022, unless otherwise stated. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. This information is for illustrative purposes only and should not be interpreted as
recommendations to buy or sell any securities. There can be no assurance that the Specialty Direct Lending ("SLF") strategy objectives will be realized or that the strategy will not experience losses. ¹ Based on the weighted
average EBITDA of investments in HPS Specialty Loan Fund V and Specialty Loan Fund 2016 by total face value committed as of 09/30/22.
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