PGIM Private Credit Fund - EvergreenLink

PGIM Private Credit Fund

PGIM Private Credit Fund is a non-diversified, closed-end management investment company that elected to be regulated as a BDC under the 1940 Act effective May 5, 2023. Its investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Fund primarily invests in privately originated and negotiated direct lending investments to U.S. middle market companies, including first lien senior secured loans, with up to 20% in second and third lien or unsecured loans, and may invest up to 30% of assets outside the U.S. PGIM Investments, an indirect wholly owned subsidiary of Prudential Financial, Inc., serves as Manager, and PGIM, Inc. (through PGIM Private Capital and PGIM Fixed Income) serves as Subadviser. The Fund offers continuous subscriptions and conducts periodic repurchase offers to provide limited liquidity.

News and Notices

ManagerPGIM

Inception2022

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

Tender Offers

Share Classes

Returns

Fees

Ownership

Operating Metrics

Per Page

Notices

Sep 30, 2023

09:30

Distributions

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PGIM Private Credit Fund declared August 2026 regular distributions of $0.16851, $0.18050 and $0.18550 per Class S, Class D and Class I share, respectively. August 31, 2026 record holders are scheduled for cash or reinvested payment around September 28.

Sep 18, 2025

13:39

Performance

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PGIM Private Credit Fund added its quarter-ended June 30, 2026 financial update, showing net assets increased from $205 million to $294 million and total investments and cash equivalents increased from $362 million to $434 million.

Jun 30, 2024

13:09

Redemptions

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PGIM Private Credit Fund reported final tender offer results: 408,317 Class I shares were validly tendered and repurchased at $24.75 per share after the offer expired on July 28, 2026.

Jun 30, 2024

12:12

Compliance, Personnel

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PGIM Private Credit Fund shareholders elected Mary Lee Schneider as Class III Trustee until the 2029 annual meeting and ratified PricewaterhouseCoopers as auditor for fiscal year 2026, with 8.1 million votes supporting each proposal.

Jun 30, 2025

15:31

Ownership, Redemptions

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Pruco Life Insurance tendered 214,746 Class I common shares of PGIM Private Credit Fund for repurchase at $24.75 per share in the quarterly repurchase offer expiring July 28, 2026. The owner held 7,973,657 shares after the repurchase.

Sep 30, 2025

15:20

Ownership, Redemptions

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PGIM Private Credit Fund repurchased 214,746 class I common shares from Pruco Life Insurance for $5.3 million; Pruco Life Insurance’s reported class I ownership changed from 99.9% to 65.6%, and PGIM Strategic Investments’ class S stake from 100% to 0.01%.

Jan 28, 2024

15:41

Distributions

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PGIM Private Credit Fund declared July 2026 regular distributions of $0.19506, $0.20732 and $0.21243 per Class S, Class D and Class I share, respectively. Record holders on July 31, 2026 will be paid around August 28, 2026 in cash or reinvestment.

Feb 08, 2026

12:38

Compliance, Personnel

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PGIM Private Credit Fund scheduled its July 30, 2026 shareholder meeting to elect Trustee Mary Lee Schneider through 2029 and ratify its auditor, with 11.8 million common shares eligible to vote. June 26 record-date shareholders may vote.

Mar 30, 2026

14:54

Distributions

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PGIM Private Credit Fund declared June 2026 regular distributions of $0.19506, $0.20732 and $0.21243 per Class S, D and I Common Share, respectively. Payments are due around July 27, 2026, to June 30 shareholders of record.

Jun 29, 2025

10:39

Redemptions

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PGIM Private Credit Fund commenced an issuer tender offer to purchase up to 537,259 Class I, Class D and Class S common shares, about 5% outstanding. Investors may tender shares for repurchase because no established trading market exists.

Preview

Who manages PGIM Private Credit Fund?PGIM is responsible for managing PGIM Private Credit Fund.

When was PGIM Private Credit Fund incepted?PGIM Private Credit Fund launched in 2022.

How is PGIM Private Credit Fund registered?PGIM Private Credit Fund is registered as a '40 Act fund.

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

How can investors access PGIM Private Credit Fund?You can invest in PGIM Private Credit 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 PGIM Private Credit Fund?You can invest in PGIM Private Credit Fund daily, subject to eligibility and fund subscription deadlines.

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

What currency is PGIM Private Credit Fund offered in?Shares of PGIM Private Credit Fund can be purchased in USD.

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

How big is PGIM Private Credit Fund?PGIM Private Credit Fund's net asset value was $294.4 million and its portfolio had a fair value of $435 million as of June 30, 2026.

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

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

What geographies does PGIM Private Credit Fund have exposure to?Among other regions, PGIM Private Credit Fund primarily invests in United Kingdom and Globally.

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