The Newark-based fund also disclosed updated per-share values and reported roughly $240 million raised across its public and private share sales.

May 29, 2026

PGIM Private Credit Fund has declared regular monthly distributions across all three of its common share classes, extending the steady payout cadence that defines perpetually offered private credit vehicles.

May Distributions Declared

The fund’s board approved the distributions on May 26, 2026. The per-share amounts vary by class:

• Class S: roughly 19.5 cents per share
• Class D: about 20.7 cents per share
• Class I: approximately 21.2 cents per share

The payments go to shareholders of record as of the opening of business on May 29, 2026, and are expected to be distributed on or about June 26. Investors enrolled in the fund’s reinvestment plan will receive additional shares rather than cash.

Updated Net Asset Values

As of April 30, 2026, the fund reported per-share net asset values of $25.36 for Class S, $25.28 for Class D, and $24.79 for Class I. Its aggregate net asset value stood at about $270.7 million, supported by an investment portfolio valued at roughly $405.0 million. Outstanding debt of $163.5 million on a principal basis points to a meaningful reliance on leverage relative to the fund’s equity base.

Capital Raising Continues

The fund markets its shares through a continuous public offering capped at $2.5 billion, alongside a separate private placement open to certain investors under an exemption from registration. Excluding shares issued through reinvestment, it had sold a combined 9,557,788 shares and raised about $240.1 million across both channels as of the report’s date.

Class I shares dominated the fundraising, drawing more than $128 million through the public offering and an additional $109 million through the private placement. Class S sales were comparatively modest, and Class D shares saw almost no activity during the period. Management said it intends to keep offering shares monthly through both channels.

Fund Background

PGIM Private Credit Fund is organized in Delaware and qualifies as an emerging growth company. The disclosures land as private credit vehicles broadly continue attracting investor capital while drawing closer scrutiny over portfolio valuations and liquidity. The report was signed by Elyse M. McLaughlin, the fund’s treasurer and principal accounting officer.