09/26/2025 | Press release | Distributed by Public on 09/26/2025 08:40
September 2025 Distributions
On September 26, 2025, PGIM Private Credit Fund (the "Fund") declared regular and variable distributions for Class S shares, Class D shares and Class I shares of beneficial interest (the "Shares") in the amounts per share set forth below:
Regular Distribution |
|
Variable Distribution |
Total Distribution |
||||||||||
Class S Common Shares |
$ |
0.22177 |
$ |
0.03785 |
$ |
0.25962 |
|||||||
Class D Common Shares |
$ |
0.23485 |
$ |
0.03603 |
$ |
0.27088 |
|||||||
Class I Common Shares |
$ |
0.24000 |
$ |
0.03625 |
$ |
0.27625 |
Both the regular and variable distributions for the Shares are payable to shareholders of record as of the open of business on September 30, 2025 and will be paid on or about October 30, 2025.
These distributions will be paid in cash or reinvested in shares of the Fund's Shares for shareholders participating in the Fund's distribution reinvestment plan ("DRIP").
Item 8.01 Other Events.
Net Asset Value
The net asset value ("NAV") per share of each class of the Fund as of August 31, 2025, as determined in accordance with the Fund's valuation policy, is set forth below.
NAV as of |
||||
Class S Common Shares |
$ |
25.30 |
||
Class D Common Shares |
$ |
25.26 |
||
Class I Common Shares |
$ |
24.78 |
As of August 31, 2025, the Fund's aggregate NAV was $174.1 million, the fair value of its investment portfolio was $250.0 million, and it had $79.8 million of debt outstanding (at principal).
Status of Offering
The Fund is currently publicly offering on a continuous basis up to $2.5 billion in Shares (the "Offering"). Additionally, the Fund has sold shares that are exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereunder (the "Private Offering"). The following table lists the Shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing, reflective of transfers between share classes. The table below does not include Shares sold through the Fund's DRIP. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis.
Common |
Total |
|||||||||
Offering: |
||||||||||
Class S Common Shares |
1,977 |
$ |
50,500 |
|||||||
Class D Common Shares |
- |
$ |
- |
|||||||
Class I Common Shares |
1,976,385 |
$ |
49,103,251 |
|||||||
Private Offering: |
||||||||||
Class S Common Shares |
382 |
$ |
10,000 |
|||||||
Class D Common Shares |
382 |
$ |
10,000 |
|||||||
Class I Common Shares |
4,285,940 |
$ |
109,102,500 |
|||||||
Total Offering and Private Offering * |
6,265,066 |
$ |
158,276,251 |
* |
Amounts may not sum due to rounding. |