Lord Abbett Private Credit Fund Files Q2 2025 10-Q

TL;DR

**Lord Abbett Private Credit Fund filed its Q2 2025 10-Q on 8/14. Details inside.**

AI Summary

Lord Abbett Private Credit Fund filed its quarterly report on Form 10-Q for the period ended June 30, 2025. The fund, incorporated in Delaware with its principal executive offices at 30 Hudson Street, Jersey City, NJ, is registered under the Securities Exchange Act of 1934. The filing was made on August 14, 2025, under accession number 0000930413-25-002470.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational details of the Lord Abbett Private Credit Fund for the second quarter of 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a registered investment fund and does not inherently indicate new risks.

Key Numbers

• 20250630 — Period End Date (The report covers the quarterly period ending on this date.)
• 20250814 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Lord Abbett Private Credit Fund (company) — Registrant
• June 30, 2025 (date) — Quarterly period end date
• August 14, 2025 (date) — Filing date
• 30 Hudson Street, Jersey City, NJ (location) — Principal executive offices
• 0000930413-25-002470 (accession_number) — SEC filing accession number

FAQ

Key Financial Figures

• $0.01 — had 15,319,927 shares of common stock, $0.01 par value per share, outstanding. Lord

Filing Documents

• c113541_10q-ixbrl.htm (10-Q) — 1865KB
• c113541_ex31-1.htm (EX-31.1) — 12KB
• c113541_ex31-2.htm (EX-31.2) — 12KB
• c113541_ex32-1.htm (EX-32.1) — 5KB
• c113541_ex32-2.htm (EX-32.2) — 5KB
• 0000930413-25-002470.txt ( ) — 10270KB
• lordabbett-20250630.xsd (EX-101.SCH) — 87KB
• lordabbett-20250630_cal.xml (EX-101.CAL) — 48KB
• lordabbett-20250630_def.xml (EX-101.DEF) — 427KB
• lordabbett-20250630_lab.xml (EX-101.LAB) — 521KB
• lordabbett-20250630_pre.xml (EX-101.PRE) — 319KB
• c113541_10q-ixbrl_htm.xml (XML) — 2825KB

Financial Information

Part I. Financial Information Item 1. CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Consolidated Statements of Assets and Liabilities (Unaudited) 4 Consolidated Statements of Operations (Unaudited) 5 Consolidated Statements of Changes in Net Assets (Unaudited) 6 Consolidated Statements of Cash Flows (Unaudited) 7 Consolidated Schedules of Investments (Unaudited) 8 Notes to the Consolidated Financial Statements (Unaudited) 17 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 45 Item 4.

Controls and Procedures

Controls and Procedures 46

Other Information

Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 46 Item 1A.

Risk Factors

Risk Factors 46 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46 Item 3. Defaults Upon Senior Securities 46 Item 4. Mine Safety Disclosures 46 Item 5. Other Information 46 Item 6. Exhibits 47

Signatures

Signatures 48 1 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING This Quarterly Report on Form 10-Q contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and you should not place undue reliance on such statements. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about us, our current and prospective portfolio investments, our industry, our beliefs and opinions and our assumptions. We are externally managed by the Adviser, a registered investment adviser under the Investment Advisers Act of 1940, as amended (the "Advisers Act"). Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "potential," "predicts," and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including: our future operating results; our business prospects and the prospects of our portfolio companies; risk associated with possible disruptions in our operations or the economy generally; changes in the general interest rate environment; general economic, political and industry trends and other external factors, including uncertainty surrounding the financial and political stability of the United States and other countries; our contractual arrangements and relationships with third parties; actual and potential conflicts of interest with our Adviser and its affiliates; the dependence of our future success on the general

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Consolidated Financial

Item 1. Consolidated Financial June 30, 2025 December 31, 2024 ASSETS Investments at fair value Non-controlled/non-affiliated investments (cost $ 808,044 , $ 438,194 , respectively) $ 808,479 $ 439,367 Controlled/affiliated investments (cost $ 48,275 , $ 33,224 , respectively) 48,371 33,221 Total investments at fair value (cost of $ 856,319 , $ 471,418 , respectively) $ 856,850 $ 472,588 Cash and cash equivalents 7,782 113,767 Interest receivable from non-controlled/non-affiliated investments 4,748 4,508 Dividend receivable from controlled/affiliated investments 1,344 278 Due from affiliate 301 683 Receivable for investments sold 194 81 Deferred offering costs — 62 Receivable for shares sold 3 — Other assets 4 5 Total assets $ 871,226 $ 591,972 LIABILITIES Debt (net of deferred financing costs $ 4,855 and $ 3,652 respectively) (Note 5) $ 527,945 $ 382,230 Interest payable 5,462 3,806 Income incentive fees payable 1,222 713 Due to affiliate — 1,197 Professional fees payable 189 313 Management fees payable 277 — Administration fees payable 240 78 Capital gains incentive fees payable — 36 Accrued expenses and other liabilities 32 60 Distribution payable 3,044 — Total liabilities $ 538,411 $ 388,433 Total net assets $ 332,815 $ 203,539 Commitments and contingencies (Note 6) NET ASSETS Common shares, $ 0.01 par value ( 13,232,848 and 8,071,106 shares issued and outstanding, respectively, unlimited number of authorized shares) $ 132 $ 81 Paid in capital in excess of par value 332,284 202,288 Total distributable earnings /(accumulated loss) 399 1,170 Total net assets $ 332,815 $ 203,539 Total liabilities and net assets $ 871,226 $ 591,972 Net asset value per share $ 25.15 $ 25.22 4 The accompanying notes are an integral part of these consolidated financial statements. Lord Abbett Private Credit Fund Consolidated Statements of Op

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View this 10-Q filing on SEC EDGAR