8-K: PGIM Private Credit Fund Declares October Distributions

PGIM Private Credit Fund announced October 2025 distributions, reported September 30, 2025, Net Asset Values, and updated on its ongoing capital raising efforts.

Summary

• PGIM Private Credit Fund declared regular and variable distributions for Class S, Class D, and Class I shares on October 28, 2025.
• Total distributions per share are $0.25748 for Class S, $0.27056 for Class D, and $0.27571 for Class I.
• Distributions are payable to shareholders of record as of October 31, 2025, and will be paid on or about November 26, 2025.
• Net Asset Value (NAV) per share as of September 30, 2025, was $25.36 for Class S, $25.31 for Class D, and $24.83 for Class I.
• As of September 30, 2025, the Fund's aggregate NAV was $182.8 million, with an investment portfolio fair value of $260.7 million and $83.3 million of debt outstanding.
• The Fund is continuously offering up to $2.5 billion in shares, and has also conducted a private offering.
• Total shares issued across both offerings amounted to 6,534,306 for a total consideration of $164,961,751 as of the filing date.

Sentiment

Score: 6

Explanation: The filing is largely neutral, reporting routine financial metrics and distributions. The ongoing capital raise and consistent distributions are mildly positive indicators of operational stability and investor interest.

Positives

• The Fund declared regular and variable distributions, indicating consistent returns to shareholders.
• Ongoing public and private offerings demonstrate continued investor interest and capital inflow, with over $164 million raised to date.

Future Outlook

The Fund intends to continue selling shares in both its public offering (up to $2.5 billion) and its private offering on a monthly basis.

Management Comments

• The Fund declared regular and variable distributions for its Class S, Class D, and Class I shares.

Industry Context

This announcement reflects routine operational updates for a private credit fund, a segment of the financial market that provides non-bank lending to companies. The continuous offering structure is common for certain types of alternative investment funds seeking to raise capital over an extended period, catering to investors looking for income-generating assets.

Stakeholder Impact

• Shareholders will receive cash distributions or have them reinvested, providing a return on their investment.
• Potential new investors have the opportunity to participate in the ongoing public and private offerings.
• The continuous capital raise supports the Fund's investment activities and growth.

Next Steps

• Distributions will be paid on or about November 26, 2025, to shareholders of record as of October 31, 2025.
• The Fund will continue selling shares in its public and private offerings on a monthly basis.

Key Dates

Keywords

PGIM Private Credit Fund, Distributions, Net Asset Value, NAV, Private Credit, SEC Filing, Capital Raise, Investment Fund, Shareholder Returns