other_material
confidence high
sentiment neutral
materiality 0.50
Lord Abbett Private Credit Fund reports April 2025 portfolio, declares $0.24 distribution, issues 800K shares at NAV
Lord Abbett Private Credit Fund
- Issued ~800,756 common shares at $25.14/share for $20.1M in unregistered offering.
- Portfolio as of April 30: 28 companies, $888M commitments, 95% first lien, 100% floating-rate debt.
- New investment commitments in April: $94.5M, all private senior secured loans.
- Declared $0.24/share distribution, payable June 27 to holders of record May 30.
- Aggregate NAV $282M, NAV per share $25.14 as of April 30.
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