We are structured as an externally managed,non-diversifiedclosed-end management investment company. We expect to operate as a “private” BDC and to conduct a private offering to investors in reliance on exemptions from the registration requirements of the Securities Act while we invest the proceeds of the Private Offering. We are an “emerging growth company” under the JOBS Act. For so long as we remain an emerging growth company under the JOBS Act, we will be subject to reduced public company reporting requirements. Our investment objective is to generate current income and prioritize capital preservation through a portfolio that primarily invests in directly-originated, privately-negotiated, secured, middle market loans. We will invest at least 80% of our assets in debt instruments. We intend to invest in middle-market businesses based in the United States, which we generally define as having enterprise values between $75 million and $500 million. However, from time to time, we may invest in larger or smaller companies. We expect that the primary use of proceeds by the companies in which the Fund invests will be for leveraged buyouts, recapitalizations, mergers and acquisitions and growth capital. As of December 31, 2019, our investment portfolio totaled $345,025,318 and consisted primarily of senior debt.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry
Former names
AB Private Credit Corp
SEC CIK
Corporate docs
Subsidiaries
ABPCIC Equity Holdings, LLC • ABPCIC NC Holdings LLC • ABPCIC Funding II LLC • ABPCIC Funding IV LLC • ABPCIC Swyft Holdings LLC • ABPCI Direct Lending Fund CLO VI Depositor LLC • ABPCI Direct Lending Fund CLO VI Ltd • ABPCI Direct Lending Fund CLO XIII LTD • ABPCI Direct Lending Fund CLO XIII LLC • ABPCIC Global Radar, LLC ...
AUM ?
$82.19 mm
Address
AB Private Credit Investors
1345 AVENUE OF THE AMERICAS
NEW YORK
NY 10105
1345 AVENUE OF THE AMERICAS
NEW YORK
NY 10105
Phone
(212) 969-1000
Ownership
Latest filings (excl ownership)
10-K
2023 FY
Annual report
29 Mar 24
SC TO-I
Issuer tender offer statement
1 Mar 24
8-K/A
Unregistered Sales of Equity Securities
1 Mar 24
8-K
Unregistered Sales of Equity Securities
26 Feb 24
SC TO-I/A
Issuer tender offer statement (amended)
8 Feb 24
SC TO-I
Issuer tender offer statement
24 Nov 23
8-K
Entry into a Material Definitive Agreement
17 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
SC TO-I/A
Issuer tender offer statement (amended)
8 Nov 23
8-K
Unregistered Sales of Equity Securities
26 Sep 23
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 101.01 mm | 101.01 mm | 101.01 mm | 101.01 mm | 101.01 mm | 101.01 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 1.97 mm | 2.34 mm |
Cash used (since last report) | n/a | n/a | n/a | n/a | 13.45 mm | 15.99 mm |
Cash remaining | n/a | n/a | n/a | n/a | 87.56 mm | 85.02 mm |
Runway (months of cash) | n/a | n/a | n/a | n/a | 44.4 | 36.3 |