Lord Abbett Private Credit Fund 8-K

What Happened

• Lord Abbett Private Credit Fund filed an 8‑K on July 24, 2026 reporting that, as of July 1, 2026, it issued ~426,589 common shares for aggregate proceeds of about $10.6 million at $24.86 per share (final count determined July 20, 2026). The sale was made under subscription agreements relying on Section 4(a)(2)/Regulation D and investor accredited‑status representations.
• The filing also disclosed the Fund’s portfolio as of June 30, 2026 (loans to 63 portfolio companies, equity in 1 company, 1 joint venture) and declared a distribution of ~$0.22 per share to holders of record on July 31, 2026, payable about August 27, 2026. The Fund reported aggregate NAV of approximately $732 million and NAV per share of $24.86 as of June 30, 2026.

Key Details

• Share issuance: ~426,589 Common Shares for ~$10.6 million total; price per share $24.86; sale exempt from registration (Reg D/§4(a)(2)).
• Portfolio size and composition (as of June 30, 2026): aggregate loan commitments ≈ $1,995 million; par value ≈ $1,517 million; ~95% senior secured debt; 100% of debt investments (by par) are floating‑rate.
• Portfolio metrics: median 12‑month EBITDA $96 million; weighted average net leverage 5.0x; weighted average loan‑to‑value 44%; weighted average interest coverage 2.3x; weighted average yield on debt investments (at cost) 9.4%.
• Recent activity (June 1–30, 2026): commitments $130.2M, par funded $103.7M across five named issuers. Industry exposures include Air Freight & Logistics $174.1M (11.5%), Health Care Providers & Services $145.3M (9.6%), Aerospace & Defense $142.7M (9.4%).

Why It Matters

• The Fund raised capital via a private share offering at the same per‑share NAV reported ($24.86), which modestly increases shareholder base and assets under management. The distribution (~$0.22/share) provides near‑term cash return to shareholders.
• The portfolio is heavily concentrated in private senior secured, floating‑rate loans and shows a reported 9.4% weighted average yield at cost—facts investors use to assess income potential and interest‑rate sensitivity (floating rates typically adjust with market rates).
• Reported NAV and portfolio metrics are preliminary and subject to change when the Fund completes financial closing procedures and files its Form 10‑Q.