LGAM Private Credit LLC is a Delaware limited liability company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940 and operates as a private, perpetual-life BDC. The Company seeks attractive risk-adjusted returns through current income and, to a lesser extent, capital appreciation, primarily by investing in directly originated credit to U.S. middle-market companies. Its strategy is centered on first-lien senior secured and unitranche loans, second-lien senior secured loans, and selectively mezzanine debt, unsecured debt, equity investments, and other opportunistic credit assets, with at least 80% of total assets expected in private credit investments once fully ramped. MS Capital Partners Adviser Inc., an indirect wholly owned subsidiary of Morgan Stanley, serves as investment adviser, leveraging the MS Private Credit platform’s origination, underwriting, and portfolio-management capabilities.
News and Notices
Morgan Stanley
2023
'40 Act
Non-Traded BDC
USD
Quarterly
Monthly
December 31
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Capital Flows
Tender Offers
Share Classes
Returns
Fees
Ownership
Operating Metrics
Notices
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10
Dec 29, 2023
17:12
Non-Traded BDC
Personnel
LGAM Private Credit reported Kevin Shannon resigned as Director effective September 26, 2026, and his resignation was not due to any disagreement. Investors should note the board composition changed as of that date.
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Nov 24, 2025
16:37
Non-Traded BDC
Distributions, Subscriptions
LGAM Private Credit sold approximately 55,206 Common Units for about $1.1 million at $19.46 per unit and declared a regular distribution of $0.1378 per unit. Unitholders of record on September 30, 2026 will receive payment around October 5, 2026.
sEO2hAwX
Apr 01, 2026
16:23
Non-Traded BDC
Redemptions
LGAM Private Credit launched a tender offer to repurchase up to 623,185 Common Units, or 5.0% of outstanding Common Units, at September 30, 2026 net asset value. Investors may tender holdings by 12:01 a.m. Eastern Time on October 1, 2026.
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May 25, 2024
16:23
Non-Traded BDC
Distributions, Subscriptions
LGAM Private Credit sold approximately 177,957 common units for about $3.5 million at $19.53 per unit and declared a $0.1383 per-unit regular distribution. The distribution is payable around September 3, 2026 to investors of record on August 31, 2026.
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Dec 29, 2023
16:37
Non-Traded BDC
Redemptions
LGAM Private Credit reported final tender offer results, paying approximately $10.7 million on or about July 29, 2026 for common units tendered and repurchased at $19.52 per unit.
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Oct 28, 2025
16:42
Non-Traded BDC
Distributions, Performance
LGAM Private Credit declared a regular distribution of $0.1383 per unit and reported estimated aggregate net asset value of $243.3 million as of June 30, 2026. The distribution is payable around August 5, 2026 to unitholders of record as of July 31, 2026.
JEgYBuSG5
May 23, 2024
16:21
Non-Traded BDC
Distributions, Subscriptions
LGAM Private Credit sold approximately 263,964 Common Units for $5.2 million at $19.61 per unit and declared a $0.1389 per unit regular distribution. The distribution is payable around July 6, 2026 to unitholders of record on June 30, 2026.
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Oct 01, 2024
16:04
Non-Traded BDC
Redemptions
LGAM Private Credit launched a tender offer to repurchase up to 617,759 Common Units, about 5.0% outstanding, at June 30, 2026 net asset value. Investors may tender holdings by 12:01 a.m. Eastern Time on July 1, 2026.
6hTf21z
Jan 27, 2024
16:24
Non-Traded BDC
Distributions, Subscriptions
LGAM Private Credit sold approximately 394,562 common units for $7.7 million at $19.61 per unit and declared a $0.1389 per-unit regular distribution. The distribution is payable around June 3, 2026 to unitholders of record on May 31, 2026.
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May 28, 2024
16:52
Non-Traded BDC
Distributions, Performance
LGAM Private Credit declared a $0.1390 per-unit regular distribution and reported a March 31, 2026 net asset value of $19.63 per unit. Unitholders of record on April 30, 2026 are scheduled for payment around May 5, 2026.
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Preview
LGAM Private Credit
Morgan Stanley is responsible for managing LGAM Private Credit.
LGAM Private Credit launched in 2023.
LGAM Private Credit is registered as a '40 Act fund.
LGAM Private Credit is structured as a Non-Traded BDC fund.
You can invest in LGAM Private Credit monthly, subject to eligibility and fund subscription deadlines.
You can redeem shares of LGAM Private Credit quarterly, subject to redemption limits and notice requirements.
Shares of LGAM Private Credit can be purchased in USD.
LGAM Private Credit's fiscal year end is December 31.
LGAM Private Credit's net asset value was $243.3 million and its portfolio had a fair value of $499.3 million as of June 30, 2026.
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