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$PGIM·8-K

PGIM Private Credit Fund · Feb 24, 4:33 PM ET

PGIM Private Credit Fund 8-K

Research Summary

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PGIM Private Credit Fund Declares Feb 2026 Distributions, Reports NAV

What Happened
PGIM Private Credit Fund (the Fund) filed an 8‑K on February 24, 2026 announcing regular cash/reinvestment distributions for February 2026 and reporting its net asset value (NAV) and offering status as of January 31, 2026. The Fund declared per‑share distributions of $0.19506 (Class S), $0.20732 (Class D) and $0.21243 (Class I), payable to shareholders of record at the open of business on February 27, 2026 and to be paid on or about March 24, 2026 (cash or reinvested under the DRIP). The filing also reported NAVs as of January 31, 2026 and portfolio and capital-raising figures, including continued public and private offerings of shares.

Key Details

  • Distributions declared (per share): Class S $0.19506; Class D $0.20732; Class I $0.21243. Record date: Feb 27, 2026. Payable on/about Mar 24, 2026. Cash or reinvested via DRIP.
  • NAV as of Jan 31, 2026: Class S $25.40; Class D $25.34; Class I $24.85. Aggregate NAV: $244.4 million.
  • Portfolio and leverage snapshot: fair value of investment portfolio $374.5 million; debt outstanding (principal) $143.1 million (as of Jan 31, 2026).
  • Offering status and capital raised: the Fund is offering up to $2.5 billion in shares. As of the filing, Offering and Private Offering sales totaled 8,857,608 shares for $222,736,470 (including Section 4(a)(2) private sales). The table excludes shares sold through the DRIP.

Why It Matters
The announced distributions provide near‑term cash (or reinvestment) to shareholders and specify the key dates investors need to meet to receive the payment. The NAV and portfolio/funding figures give a current snapshot of the Fund’s size and leverage—useful for assessing scale and risk profile. The Fund’s ongoing public and private share offerings (up to $2.5 billion) and roughly $223 million already raised indicate continued capital-raising activity that can affect fund size and future NAV dynamics. Investors should note the record/pay dates and the reported NAV and debt levels when evaluating holdings or purchase timing.

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