OHA Senior Private Lending Fund Amends 10-K, Details Diverse Debt Portfolio

TL;DR

**OHA's 10-K/A reveals a robust, diversified first-lien debt portfolio, signaling stability in private credit despite market volatility.**

AI Summary

OHA Senior Private Lending Fund (U) LLC filed a 10-K/A on August 7, 2025, for the fiscal year ended December 31, 2024. This amendment likely clarifies or updates information from its original 10-K filing, particularly concerning its investment portfolio and risk disclosures. The fund primarily invests in first-lien debt securities across various sectors, including Aerospace, Automotive, Entertainment, Real Estate, Capital Equipment, Chemicals, and Construction. Key investments as of December 31, 2024, include Evergreen IX Borrower 2023 LLC, Farsound Aviation Limited, Mantech International CP, STS Aviation Group, Mammoth Holdings, LLC, Wheels Bidco, Inc., Broadcast Music, Inc., Associations, Inc., AI Titan Parent Inc., Ohio Transmission Corporation, Truck-Lite Co., LLC, ASP Unifrax Holdings, Inc., BCPE HIPH Parent, Inc., Meridian Adhesives Group, Inc., FloWorks International, NRO Holdings III Corp., and Marcone Yellowstone Buyer, Inc. The filing also notes the adoption of an Insider Trading Policy, indicating a focus on corporate governance. Specific revenue and net income figures are not explicitly detailed in the provided excerpt, but the focus on first-lien debt suggests a strategy aimed at capital preservation and consistent income generation from its diverse portfolio of private credit investments.

Why It Matters

This 10-K/A filing provides crucial transparency into OHA Senior Private Lending Fund's investment strategy and portfolio composition for the fiscal year 2024. Investors can gain insight into the specific companies and sectors where the fund deploys capital, such as Aerospace, Automotive, and Chemicals, which helps in assessing diversification and credit risk. For employees and customers of the underlying portfolio companies, this filing indirectly signals the continued financial backing and stability provided by the fund. In the broader private credit market, this detailed disclosure sets a benchmark for transparency, potentially influencing competitive funds to offer similar levels of detail to attract sophisticated investors.

Risk Assessment

Risk Level: medium — The fund's primary investment in first-lien debt securities across diverse sectors like Aerospace, Automotive, and Construction generally implies a lower risk profile compared to equity or junior debt. However, the inherent illiquidity and valuation complexities of private credit investments, as well as potential credit defaults from specific borrowers like Evergreen IX Borrower 2023 LLC or Farsound Aviation Limited, introduce a medium level of risk. The lack of explicit financial performance metrics (revenue, net income) in the provided text prevents a full assessment of the portfolio's health.

Analyst Insight

Investors should scrutinize the specific portfolio companies listed in the 10-K/A to understand the underlying credit quality and sector exposure. Given the fund's focus on first-lien debt, this filing reinforces its position as a potentially stable income generator, but investors should conduct due diligence on the creditworthiness of individual borrowers and the broader economic outlook for the sectors represented.

Financial Highlights

total Assets

$0

total Debt

$0

Key Numbers

• 2024-12-31 — Fiscal Year End Date (Period of report for the 10-K/A filing)
• 2025-08-07 — Filing Date (Date the 10-K/A was filed with the SEC)
• 814-01586 — SEC File Number (Unique identifier for the fund's SEC filings)
• 10017 — ZIP Code (Business address of OHA Senior Private Lending Fund (U) LLC)
• 212-326-1500 — Business Phone Number (Contact number for OHA Senior Private Lending Fund (U) LLC)

Key Players & Entities

• OHA Senior Private Lending Fund (U) LLC (company) — filer of 10-K/A
• Evergreen IX Borrower 2023 LLC (company) — portfolio company, first-lien debt
• Farsound Aviation Limited (company) — portfolio company, first-lien debt in Aerospace sector
• Mantech International CP (company) — portfolio company, first-lien debt in Aerospace sector
• STS Aviation Group (company) — portfolio company, first-lien debt in Aerospace sector
• Mammoth Holdings, LLC (company) — portfolio company, first-lien debt in Automotive sector
• Broadcast Music, Inc. (company) — portfolio company, first-lien debt in Entertainment sector
• Associations, Inc. (company) — portfolio company, first-lien debt in Real Estate sector
• AI Titan Parent Inc. (company) — portfolio company, first-lien debt in Capital Equipment sector
• Meridian Adhesives Group, Inc. (company) — portfolio company, first-lien debt in Chemicals sector

FAQ

Industry Context

The private credit market, particularly senior private lending, is characterized by direct lending to companies, often those not served by traditional banks. This sector is influenced by interest rate environments, credit availability, and overall economic health. Funds like OHA Senior Private Lending Fund (U) LLC operate in a competitive landscape with other private debt managers, seeking to generate yield through secured loans across diverse industries.

Regulatory Implications

As a fund operating within the financial services sector, OHA Senior Private Lending Fund (U) LLC is subject to various regulations, including those overseen by the SEC. The adoption of an Insider Trading Policy underscores the importance of compliance and good corporate governance. Amendments to filings like this 10-K/A suggest a proactive approach to regulatory reporting and transparency.

What Investors Should Do

1. Review the full 10-K/A filing for detailed disclosures on the fund's investment portfolio, including specific loan terms and performance metrics, to understand the underlying credit risk.
2. Analyze the fund's strategy of focusing on first-lien debt securities to assess its alignment with capital preservation and income generation objectives.
3. Evaluate the impact of the adopted Insider Trading Policy on the fund's governance and operational integrity.
4. Compare the fund's investment diversification across sectors (Aerospace, Automotive, Entertainment, Real Estate, Capital Equipment, Chemicals, Construction) to assess its risk management approach.

Key Dates

• 2024-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K/A filing, providing a snapshot of the fund's financial position and investments.
• 2025-08-07: 10-K/A Filing Date — Indicates when the amended annual report was submitted to the SEC, suggesting updates or clarifications to the original filing.
• 2023-12-31: Prior Fiscal Year End — Serves as a comparison point for evaluating the fund's performance and changes in its portfolio over the 2024 fiscal year.
• 2022-12-31: Prior Fiscal Year End — Provides an additional historical data point for trend analysis of the fund's financial health and investment strategy.

Glossary

10-K/A

An amended annual report filed with the U.S. Securities and Exchange Commission (SEC) to correct or supplement information previously submitted in a 10-K filing. (This filing type indicates that OHA Senior Private Lending Fund (U) LLC has updated or clarified its annual financial disclosures for the fiscal year ended December 31, 2024.)

First-Lien Debt Securities

Debt instruments that have the highest priority claim on a borrower's assets in the event of default or bankruptcy. (This is the primary investment focus of the fund, suggesting a strategy prioritizing capital preservation and secured returns.)

Insider Trading Policy

A set of rules and guidelines established by a company to prevent the misuse of material non-public information by its employees, officers, and directors. (The adoption of this policy by the fund highlights a commitment to strong corporate governance and regulatory compliance.)

SEC File Number

A unique identifier assigned by the U.S. Securities and Exchange Commission to each entity that files reports with the agency. (The number 814-01586 helps in tracking and retrieving all official filings related to OHA Senior Private Lending Fund (U) LLC.)

Fiscal Year End

The last day of a company's accounting period, which is typically 12 months long. (For OHA Senior Private Lending Fund (U) LLC, this date is December 31, 2024, marking the end of the period covered by this 10-K/A filing.)

Year-Over-Year Comparison

As this is an amended filing (10-K/A), direct comparison of key financial metrics like revenue and net income to the prior year's original 10-K is not possible from the provided excerpt. However, the filing date of August 7, 2025, for the fiscal year ending December 31, 2024, indicates that the fund is providing updated or clarified information. The specific mention of adopting an Insider Trading Policy suggests a focus on enhancing corporate governance, which may be a new development or an update to existing policies.

Key Financial Figures

• $0.01 — mber of the registrant's common shares, $0.01 par value per share, outstanding as of

Filing Documents

• brhc-20241231.htm (10-K/A) — 2835KB
• exhibit311_ulendxceosec302.htm (EX-31.1) — 11KB
• exhibit312_ulendxcfosec302.htm (EX-31.2) — 11KB
• exhibit322_ulendxcfosec906.htm (EX-32.1) — 6KB
• exhibit321_ulendxceosec906.htm (EX-32.2) — 6KB
• 0001955010-25-000007.txt ( ) — 12978KB
• brhc-20241231.xsd (EX-101.SCH) — 47KB
• brhc-20241231_cal.xml (EX-101.CAL) — 64KB
• brhc-20241231_def.xml (EX-101.DEF) — 188KB
• brhc-20241231_lab.xml (EX-101.LAB) — 558KB
• brhc-20241231_pre.xml (EX-101.PRE) — 387KB
• brhc-20241231_htm.xml (XML) — 3123KB

Consolidated Financial Statements and Supplementary Data

Item 8. Consolidated Financial Statements and Supplementary Data INDEX TO FINANCIAL STATEMENTS Page Report of Independent Registered Public Accounting Firm (PCAOB ID: 185 ) 3 Consolidated Statement of Assets and Liabilities 4 Consolidated Statement of Operations 5 Consolidated Statement of Changes in Net Assets 6 Consolidated Statement of Cash Flows 7 Consolidated Schedule of Investments 8 Notes to the Consolidated Financial Statements 23 Table of Contents Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Directors OHA Senior Private Lending Fund (U) LLC: Opinion on the Consolidated Financial Statements We have audited the accompanying consolidated statements of assets and liabilities of OHA Senior Private Lending Fund (U) LLC and subsidiaries (the Company), including the consolidated schedules of investments, as of December 31, 2024 and 2023, the related consolidated statements of operations, changes in net assets, and cash flows for the years ended December 31, 2024 and 2023 and for the period from December 15, 2022 (commencement of operations) to December 31, 2022, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years ended December 31, 2024 and 2023 and for the period from December 15, 2022 (commencement of operations) to December 31, 2022, in conformity with U.S. generally accepted accounting principles. Basis for Opinion These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB

View Full Filing

View this 10-K/A filing on SEC EDGAR