Lord Abbett Private Credit Fund S Issues Shares, Declares $0.19 Distribution

What Happened

• Lord Abbett Private Credit Fund S filed an 8‑K reporting that, as of August 1, 2026, it issued and sold approximately 209,520 common shares for aggregate proceeds of about $5.2 million at a purchase price of $24.64 per share (final share count determined August 24, 2026). The sale was made under subscription agreements and relied on Regulation D/Section 4(a)(2) exemptions with investor accredited‑status representations.
• The Fund also disclosed portfolio and platform metrics as of July 31, 2026, and announced a distribution of approximately $0.19 per share declared August 24, 2026 (record date August 31, 2026; payable on or about September 28, 2026). Aggregate NAV was ~$207 million and NAV per share was $24.64 as of July 31, 2026.

Key Details

• Share issuance: ~209,520 shares, ~$5.2M proceeds, $24.64 per share (issuance dated Aug 1, 2026; final count Aug 24, 2026).
• Distribution & NAV: $0.19 per share declared (record Aug 31, pay ~Sept 28); NAV $207M total and $24.64 per share (as of July 31, 2026).
• Portfolio snapshot (as of July 31, 2026): loans to 59 portfolio companies, 1 equity position, 1 joint venture; aggregate loan commitments ≈ $524M, par value ≈ $399M; 94% senior secured debt and 6% joint venture by par/cost; 100% of debt investments at floating rates.
• Portfolio metrics: median 12‑month EBITDA $96M; weighted average net leverage 5.0x; weighted average loan‑to‑value 44%; interest coverage 2.3x; weighted average yield on debt investments (at cost) 9.3%.
• Platform size: Lord Abbett estimates the Total Private Credit Platform Size at ≈ $4.9B and Total Investment Exposure at ≈ $3.3B (as of July 31, 2026).

Why It Matters

• The Fund raised equity at a price equal to its reported NAV per share ($24.64), which increases invested capital by roughly $5.2M and may affect outstanding share count.
• The declared $0.19 distribution and the July 31 NAV give investors current cash‑return and net asset value context ahead of the September payment.
• Portfolio details show concentrated exposure to private, senior secured, floating‑rate loans (94% senior secured; 100% floating), a weighted average yield of 9.3% (at cost), and metrics on leverage and coverage that describe the Fund’s credit risk profile.
• The reported platform scale ($4.9B) and $3.3B of investment exposure indicate Lord Abbett’s broader direct‑lending capacity backing the Fund’s activity.

Final reported figures may change upon completion of the Fund’s financial closing procedures and filing of its Form 10‑Q for the quarter ending September 30, 2026.