other_material
confidence high
sentiment neutral
materiality 0.55
Lord Abbett Private Credit Fund S raises $25M, reports $82M NAV and portfolio update
Lord Abbett Private Credit Fund S
- Issued ~1M common shares at $24.98 for total $25M in exempt Rule 4(a)(2)/Reg D offering.
- NAV of ~$82M ($24.98/share) as of April 30, 2025.
- Portfolio: $143M par value across 14 cos; 100% first lien floating-rate debt, weighted avg yield 9.8%.
- New April commitments: $35.4M in senior secured loans to companies including 101 and Accel International.
- Key metrics: median EBITDA $90.8M, net leverage 4.8x, LTV 44%, interest coverage 2.1x.
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