BlackRock Private Credit Fund Reports Private Share Sale, Declares Distribution

What Happened

• BlackRock Private Credit Fund filed an 8-K reporting a private offering and sale of 107,475.86 Institutional Class common shares for $2,540,654 (sale date September 1, 2026; number of shares finalized September 21, 2026). The sale was made to feeder vehicles and was exempt from registration under Section 4(a)(2) and/or Regulation S.
• The Fund also announced a regular distribution on September 24, 2026: a gross distribution of $0.1783 per share for each share class, payable October 28, 2026 to shareholders of record as of September 29, 2026. Shareholders may receive the distribution in cash or reinvest it under the Fund’s distribution reinvestment plan.
• The Fund reported net asset value (NAV) per share for all classes as of August 31, 2026: $23.64.

Key Details

• Private sale: 107,475.86 Institutional Class shares for $2,540,654 (sale recorded September 1, 2026; share count finalized September 21, 2026).
• Regulatory basis: Sale exempt from Securities Act registration under Section 4(a)(2) and/or Regulation S; shares were sold mainly to feeder vehicles.
• Distribution: Gross distribution per share $0.1783; net distribution by class — Institutional $0.1783, Class S $0.1616 (after $0.0167 servicing fee), Class D $0.1734 (after $0.0049 servicing fee). Record date Sept 29, 2026; pay date Oct 28, 2026.
• NAV: $23.64 per share for Institutional, Class S, and Class D as of Aug 31, 2026.
• Approximate distribution vs. NAV: $0.1783 represents about 0.75% of the reported $23.64 NAV.

Why It Matters

• The private sale increases the Fund’s cash/asset base and share count through feeder vehicles, which can support portfolio growth or liquidity needs; the sale was conducted under private offering exemptions rather than a public registration.
• The declared distribution provides income to shareholders (or additional shares if reinvested) and will reduce the Fund’s NAV when paid. The per-share amounts and NAV let investors assess the distribution’s size and immediate yield.
• These are routine fund operations (private placements to feeder vehicles and regular distributions), but they are material for holders who track changes in shares outstanding, upcoming cash flows, and short-term NAV impacts.