Earnings Feed
Start Free
Partners Group Lending Fund, LLC·8-K

Jun 2, 5:12 PM ET

Compare

Partners Group Lending Fund, LLC 8-K

Research Summary

AI-generated summary

Updated

Partners Group Lending Fund Reports Unregistered Unit Sales & April 30 NAV

What Happened
Partners Group Lending Fund, LLC filed an 8-K disclosing (1) unregistered sales of Class I and Class M units to accredited investors and (2) the Fund’s net asset value (NAV) and portfolio statistics as of April 30, 2026. The unit issuance was made pursuant to Section 4(a)(2) of the Securities Act and Regulation D; the number of units to be issued was finalized on May 28, 2026.

Key Details

  • Unregistered unit sales (pricing and timing): As of May 1, 2026 the Fund sold 13,322 Class I units for $20,000 and 26,549 Class M units for $39,858 (figures rounded); issuance finalized May 28, 2026.
  • NAV and balance sheet: NAV per Unit (April 30, 2026) was $1.5013 for both Class I and Class M units; aggregate NAV ≈ $317.2 million, including approximately $209.0 million of debt outstanding.
  • Portfolio size and mix (April 30, 2026): Total portfolio size $501.1 million across 59 borrowers; by asset type 93.2% first lien/unitranche loans, 5.1% CLO debt tranches, 1.7% opportunistic credit. Geographic fair-value mix: 97% North America, 3% Asia/Rest of World.
  • Portfolio metrics: Weighted average credit spread 5.1%; median LTM EBITDA at entry $100.0M; weighted avg first-lien net leverage (at entry) 5.9x; weighted avg total net leverage (at entry) 6.1x; weighted avg LTV (at entry) 39.9%. Top industry exposure: Software 26.0%, Health Care Providers & Services 11.0%, Professional Services 10.5%.

Why It Matters
The filing provides a routine capital-raising update and a snapshot of the Fund’s NAV and portfolio composition. Investors can see recent fundraising activity (private sales to accredited investors), the Fund’s modest NAV per unit ($1.5013), its leverage level (about $209M debt against $317.2M NAV), and that the portfolio is concentrated in North American first-lien loans, with significant exposure to software and other technology-related industries. These facts help investors assess liquidity, sector concentration, credit profile, and how new unit issuances may affect outstanding unit counts.

Loading document...