AB Private Lending Fund | EvergreenLink

AB Private Lending Fund

AB Private Lending Fund is a closed-end, non-diversified business development company that seeks to generate attractive risk-adjusted returns, primarily in the form of current income with some capital appreciation. The fund focuses on directly originated, privately negotiated senior secured credit investments in U.S. middle market companies, typically backed by private equity sponsors. It primarily invests in first lien, stretch senior and unitranche loans, with additional exposure to broadly syndicated loans and high yield bonds to support liquidity and capital deployment. The fund is externally managed by AB Private Credit Investors LLC, an affiliate of AllianceBernstein, which is responsible for sourcing, structuring and monitoring investments.

News and Notices

ManagerAB Private Credit Investors

Inception2023

Registration'40 Act

Fund TypeNon-Traded BDC

CurrencyUSD

Repurchase FrequencyQuarterly

Subscription FrequencyDaily

Management Fee1.25%

Fiscal Year EndDecember 31

News and Notices

Portfolio Holdings

Portfolio Composition

Growth

Capital Flows

Share Classes

Returns

Fees

Ownership

Operating Metrics

Per Page

Notices

Jun 20, 2025

10:52

Distributions, Subscriptions

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AB Private Lending Fund declared a $0.20 August distribution for Class I shares and sold 40,519 Class I shares for $997,188. Shareholders of record on August 31 will be paid around September 30.

Jun 18, 2026

15:28

Ownership

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PM Alpha II purchased about 53,060 AB Private Lending Fund Class I shares at $24.99 per share on March 2, 2026, increasing its direct holdings to about 1.2 million shares.

Jul 18, 2024

15:24

Ownership

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PM Alpha II disclosed direct ownership of about 1.1 million Class I Common Shares of Beneficial Interest in AB Private Lending Fund and is identified as a ten percent owner.

Feb 18, 2026

14:57

Ownership, Personnel

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PM Alpha disclosed an ownership report for AB Private Lending Fund for the February 2, 2026 reporting period and indicated it is not subject to Section 16. The disclosure identifies PM Alpha as neither a Director, Officer, nor Ten Percent Owner.

Sep 14, 2023

17:04

Ownership

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Equitable Holdings and AXA Equitable Financial Services disclosed beneficial ownership of 4.4 million AB Private Lending Fund Class I shares, with reported ownership rising from 65.0% to 66.7% based on June 30, 2026 shares outstanding.

Mar 14, 2024

15:54

Ownership

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AllianceBernstein reported shared voting and dispositive power over 740,289 AB Private Lending Fund Class I shares as of June 30, 2026, up from 725,355 shares, representing 11.2% of the class.

Apr 11, 2024

09:36

Ownership

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PM Alpha II disclosed beneficial ownership of 1.1 million Class I common shares of AB Private Lending Fund, representing 17.3% of the class. PM Alpha II reported sole voting and dispositive power, with ordinary-course holdings and no control intent.

Jan 10, 2025

15:30

Ownership

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PM Alpha disclosed its beneficial ownership of AB Private Lending Fund Class I Common Shares changed from 311,528 shares, or 6.12%, to 0 shares, or 0%, as of February 2, 2026.

Nov 06, 2024

11:46

Compliance, Personnel

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AB Private Lending Fund shareholders approved four proposals on August 3, 2026, with 4,716,152 of 6,604,286 shares represented. Trustees Matthew Bass and John G. Jordan were re-elected through 2029, and a new advisory agreement with AB Private Credit Investors was authorized.

Apr 06, 2024

11:22

Redemptions

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AB Private Lending Fund reported final tender offer results: the tender offer expired at 11:59 p.m. Eastern Time on July 30, 2026, with no shares tendered or accepted for purchase.

Preview

Who manages AB Private Lending Fund?AB Global and AB Private Credit Investors are responsible for managing AB Private Lending Fund.

When was AB Private Lending Fund incepted?AB Private Lending Fund launched in 2023.

How is AB Private Lending Fund registered?AB Private Lending Fund is registered as a '40 Act fund.

What type of fund is AB Private Lending Fund?AB Private Lending Fund is structured as a Non-Traded BDC fund.

How can investors access AB Private Lending Fund?You can invest in AB Private Lending Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.

How often can investors buy shares of AB Private Lending Fund?You can invest in AB Private Lending Fund daily, subject to eligibility and fund subscription deadlines.

How often can investors sell shares of AB Private Lending Fund?You can redeem shares of AB Private Lending Fund quarterly, subject to redemption limits and notice requirements.

What currency is AB Private Lending Fund offered in?Shares of AB Private Lending Fund can be purchased in USD.

When does AB Private Lending Fund close its fiscal year?AB Private Lending Fund's fiscal year end is December 31.

How big is AB Private Lending Fund?AB Private Lending Fund's net asset value was $162.5 million and its portfolio had a fair value of $376.4 million as of June 30, 2026.

What types of investments does AB Private Lending Fund make?Among other deal types, AB Private Lending Fund primarily makes Debt Investments.

What strategies does AB Private Lending Fund invest in?Among other asset classes, AB Private Lending Fund primarily invests in Direct Lending.

What geographies does AB Private Lending Fund have exposure to?Among other regions, AB Private Lending Fund primarily invests in the USA.

What management fee does AB Private Lending Fund charge?AB Private Lending Fund charges a 1.25% annual management fee, which is calculated based on NAV.

How much do investors need to invest for their first purchase of shares in AB Private Lending Fund?You can invest in ABLEND-I shares with a minimum initial investment of $1,000,000.

How much are investors able to invest after their first purchase of shares in AB Private Lending Fund?You can invest in ABLEND-I shares with a minimum subsequent investment of $500.

What happens if an investor sells shares of AB Private Lending Fund early?You will be subject to paying an early repurchase/redemption fee of 2%.

How has AB Private Lending Fund performed?AB Private Lending Fund's ABLEND-I share class generated an annualized 1-month return of 9.22% and 2-year return of 9.00% as of June 30, 2026.

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