PGIM Private Credit Fund 8-K

What Happened

• PGIM Private Credit Fund (the Fund) filed an 8-K on March 27, 2026 announcing regular cash or DRIP distributions declared March 23, 2026 for its share classes and reporting net asset values as of February 28, 2026.
• Declared regular distributions per share: Class S $0.19506, Class D $0.20732, Class I $0.21243. Record date is March 31, 2026 and payment on or about April 24, 2026.
• NAV per share as of February 28, 2026: Class S $25.33, Class D $25.26, Class I $24.77. Aggregate NAV was $255.5 million, portfolio fair value $371.7 million, and debt outstanding (principal) $151.5 million.

Key Details

• Distributions payable in cash or reinvested via the Fund’s distribution reinvestment plan (DRIP).
• The Fund is conducting a continuous public offering of up to $2.5 billion in Shares and also sold shares in a private offering (Section 4(a)(2)).
• Shares issued and consideration (Offering + Private Offering, reflects transfers; excludes DRIP): total 9,214,402 shares for $231,580,995. Notable splits: Offering — Class S 50,467 for $1,284,233 and Class I 4,877,012 for $121,168,691; Private Offering — Class I 4,285,940 for $109,102,500.
• The Fund intends to continue selling shares in both the public Offering and the Private Offering on a monthly basis.

Why It Matters

• The declared distributions are the immediate cash/income event for shareholders and indicate the Fund’s payout policy for March 2026.
• NAV, portfolio fair value and principal debt figures give investors a snapshot of the Fund’s size, asset coverage and leverage as of Feb 28, 2026.
• Continued share offerings (public and private) affect the Fund’s capital-raising, potential share dilution, and the pace at which it can deploy capital into private credit investments.