The Austin-based business development company expects the unregistered share issuance to settle in early June under existing subscription agreements with limited partners.

May 28, 2026

AB Private Credit Investors Corporation, an Austin, Texas-based business development company, has notified its investors of a capital call totaling roughly $29.7 million, with the proceeds slated to fund a new issuance of common stock.

According to information disclosed by the Fund, the capital call notice went out on May 20, 2026, and is tied to shares of the Fund’s common stock carrying a par value of $0.01 per share. The aggregate offering price for the transaction is set at $29,723,390.18, with settlement anticipated on or around June 1, 2026.

How The Capital Call Works

The mechanism behind the transaction reflects the Fund’s underlying capital formation structure. Each investor entered into a subscription agreement that obligates them to contribute capital up to a pre-committed amount whenever the Fund issues a call notice. Rather than raising capital through a single upfront contribution, the Fund draws down committed capital incrementally as deployment opportunities arise.

This approach is common among non-traded business development companies and private investment vehicles, allowing managers to align cash inflows with the pace of portfolio investment activity.

Private Placement Structure

Because the offering is being conducted privately and limited to existing committed investors, the share issuance is not being registered with the Securities and Exchange Commission. The Fund is relying on two well-established exemptions:

• Section 4(a)(2) of the Securities Act of 1933, which exempts transactions not involving a public offering
• Regulation D, which provides safe harbor provisions for private placements to qualified investors

Together, these provisions permit the Fund to raise capital from accredited and committed investors without triggering the disclosure obligations that accompany public offerings.

About The Fund

AB Private Credit Investors Corporation is incorporated in Maryland and operates as an emerging growth company under federal securities rules. It carries the SEC commission file number 814-01196, a designation associated with regulated investment companies. The Fund’s principal executive offices are located at 405 Colorado Street in downtown Austin, and its securities are not listed on any national exchange.

Industry Context

Capital call activity at private credit vehicles has drawn renewed attention from market participants in recent quarters, particularly as the broader private credit industry navigates heightened scrutiny around valuation practices, redemption demand, and underlying credit quality.

For investors in committed-capital structures like AB Private Credit Investors Corporation, the steady cadence of drawdowns offers a contrasting picture — one in which managers continue to deploy fresh capital into new lending opportunities while interval and perpetual vehicles work through liquidity pressures.