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
Dec 01, 2023
Non-Traded BDC
'40 Act
Quarterly
Monthly
USD
December 31
News and Notices
Portfolio Holdings
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Growth
Capital Flows
Tender Offers
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Dec 27, 2023
16:44
Redemption
LGAM Private Credit reported final tender offer results, paying tendering unitholders approximately $4.0 million on or about October 27, 2026, with common units repurchased at $19.35 per common unit.
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Feb 27, 2025
16:35
Distribution, Performance
LGAM Private Credit declared a regular distribution of $0.1371 per unit on October 23, 2026, and estimated September 30, 2026 net asset value at $241.7 million. The distribution is payable around November 4, 2026 to unitholders of record as of October 31, 2026.
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May 29, 2024
17:12
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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Sep 24, 2026
16:37
Distribution, Subscription
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.
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Mar 01, 2024
16:23
Redemption
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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Nov 25, 2024
16:23
Distribution, Subscription
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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Jul 29, 2025
16:37
Redemption
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
Distribution, 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.
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Jan 23, 2026
16:21
Distribution, Subscription
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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Jan 01, 2024
16:04
Redemption
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.
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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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