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

Inception DateDec 13, 2022

Fund TypeNon-Traded BDC

Registration'40 Act

Repurchase FrequencyQuarterly

Subscription FrequencyDaily

CurrencyUSD

Fiscal Year EndDecember 31

News and Notices

Portfolio Holdings

Portfolio Composition

Growth

Capital Flows

Tender Offers

Share Classes

Returns

Fees

Ownership

Operating Metrics

Notices

Date

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Jun 03, 2026

16:00

Redemption

PGIM Private Credit Fund reported final tender offer results: 450,718.134 Class I shares at $24.21 per share and 1,240.179 Class S shares at $24.78 per share were repurchased on October 28, 2026, totalling ~$10.943 million.

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Apr 30, 2024

14:52

Ownership, Redemption

PGIM Private Credit Fund repurchased 382,803 Class I common shares from Pruco Life Insurance Company at $24.21 per share on October 28, 2026, totalling ~$9.3 million, and reports Pruco’s 61.2% Class I ownership.

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May 30, 2025

14:27

Ownership, Redemption

Pruco Life Insurance tendered 382,803 Class I common shares of PGIM Private Credit Fund at $24.21 per share on October 28, 2026, totalling ~$9.3 million. Pruco Life Insurance held 7,784,052 shares after the repurchase.

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Jun 27, 2025

09:22

Distribution

PGIM Private Credit Fund declared October 2026 distributions of $0.16851, $0.18050 and $0.18550 per Class S, Class D and Class I common share, respectively. Payments to October 30, 2026 recordholders are due on or about November 27, 2026.

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Oct 29, 2025

11:38

Redemption

PGIM Private Credit Fund launched an issuer tender offer for up to 594,671 Class I, D and S common shares, about 5% of shares outstanding on June 30, 2026, allowing investors to seek liquidity subject to offer conditions.

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Feb 28, 2024

10:34

Distribution

PGIM Private Credit Fund declared September 2026 distributions of $0.16851, $0.18050 and $0.18550 for Class S, Class D and Class I common shares, respectively. Record holders on September 30 will receive cash or reinvested payments around October 28.

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Jun 24, 2026

17:30

Debt Issuance

PGIM Private Credit Fund’s subsidiary amended its loan financing agreement, increasing the facility amount from $100 million to $200 million and revising margin, concentration and reporting requirements. Investors have exposure to expanded borrowing capacity under revised borrowing terms.

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Nov 30, 2024

09:30

Distribution

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.

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Jan 18, 2025

13:39

Performance

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.

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Nov 30, 2023

13:09

Redemption

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.

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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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