8-K: PGIM Private Credit Fund Declares August 2025 Distributions

PGIM Private Credit Fund announced August 2025 distributions for its Class S, D, and I shares, alongside updated Net Asset Values and ongoing offering status.

Summary

• Declared August 2025 distributions for Class S shares at $0.25735 per share, Class D shares at $0.27043 per share, and Class I shares at $0.27558 per share.
• Distributions are payable on or about September 29, 2025, to shareholders of record as of the open of business on August 29, 2025.
• Net Asset Value (NAV) as of July 31, 2025, was $25.26 for Class S, $25.21 for Class D, and $24.74 for Class I shares.
• As of July 31, 2025, the aggregate NAV was $166.6 million, the fair value of the investment portfolio was $256.2 million, and debt outstanding was $92.8 million.
• The Fund is continuously offering up to $2.5 billion in Shares (Public Offering) and also conducts a Private Offering.
• Total shares issued across both offerings (excluding DRIP) amounted to 6,001,022 for a total consideration of $151,733,251.

Sentiment

Score: 6

Explanation: The filing provides routine updates on distributions, NAV, and ongoing capital raising efforts. There are no negative surprises, and the continued distributions and offerings suggest stable operations.

Positives

• Consistent distribution payments to shareholders, including both regular and variable components.
• Ongoing public and private offerings indicate continued capital raising and potential for growth.
• A healthy investment portfolio fair value of $256.2 million supports the Fund's operations.

Future Outlook

The Fund intends to continue selling Shares in both its public and private offerings on a monthly basis, indicating a strategy of continuous capital raising.

Management Comments

• The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis.

Industry Context

This filing is typical for a private credit fund, which often distributes income to shareholders and continuously raises capital to fund new investments. The disclosure of NAV and distributions provides transparency to investors in a non-exchange-traded fund structure, reflecting routine operational updates.

Stakeholder Impact

• Shareholders: Will receive cash distributions or have them reinvested through the DRIP.
• Potential Investors: Can participate in the ongoing public and private offerings to invest in the Fund.

Next Steps

• Payment of August 2025 distributions on or about September 29, 2025.
• Continued monthly selling of shares in the public and private offerings.

Key Dates

Keywords

PGIM Private Credit Fund, distributions, NAV, net asset value, private credit, investment fund, capital raise, offering, Class S shares, Class D shares, Class I shares