Private company

AB Private Lending Fund

Investment fund registered in the United States, active since 20232

In its 2026 annual report the company says: “AB Private Lending Fund is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a Business Development Company under the Investment Company Act of 1940, as amended.”6 It is headquartered in Nashville, United States.2

Last updated Oct 20, 2026.

Overview

$12.1MNet income, fiscal 20253
  • HeadquartersNashville, United States2
  • Incorporated inDE4
  • Business address405 Colorado Street, Suite 1500, Austin, Tx 787014
  • Filer category, Emerging growth company4
  • Legal formBusiness Trust2
  • Kind of organizationInvestment fund2
  • LEI254900AW0FJW1VSK7Q052
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00019827012

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AB Private Lending Fund (the “Fund,” “we,” “us” or “our”) is an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a Business Development Company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Formed as a Delaware statutory trust on June 8, 2023, the Fund is externally managed by AB Private Credit Investors LLC (the “Adviser” or “AB-PCI”), which is responsible for sourcing potential investments, conducting due diligence on prospective investments, analyzing investment opportunities, structuring investments and monitoring our portfolio on an ongoing basis. The Adviser is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”) and is an affiliate of AllianceBernstein L.P. (“AB”) and its subsidiaries. The Fund has elected to be treated for U.S. federal income tax…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.4%Return on equity3

Financial statements

Net income3$12.1M in 2025+24% since 2024
0$5.0M$10.0M$15.0M2024: $9.8M$9.8M20242025: $12.1M$12.1M2025+24%
Fiscal year202320242025
Income before tax$9.2M3$13.0M3
Income tax$03$101.3K3
Net income$9.8M3$12.1M3
Earnings per share$2.203$2.253
Earnings per share (diluted)$2.203$2.253
Shares (weighted, basic)4.4M shares35.4M shares3
Shares (weighted, diluted)4.4M shares35.4M shares3

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Corporate structure

AB Private Lending Fund sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AB Private Lending Fund

  • AllianceBernstein Filed SCHEDULE 13G/A on AB Private Lending Fund, latest Aug 14, 2026 (4 filings since Nov 14, 2025)
  • Equitable Holdings Filed SCHEDULE 13G/A on AB Private Lending Fund, latest Aug 14, 2026 (4 filings since Nov 14, 2025)
  • Alpha Dac Pm Ii. Filed SCHEDULE 13G on AB Private Lending Fund, latest Aug 11, 2026
  • Alpha Dac Pm Filed SCHEDULE 13G/A on AB Private Lending Fund, latest Aug 10, 2026 (5 filings since Dec 4, 2025)
  • AXA EQUITABLE FINANCIAL SERVICES LLC Filed SCHEDULE 13G/A on AB Private Lending Fund, latest Aug 14, 2025 (2 filings since Dec 6, 2024)
  • AB Private Lending Fund Nashville, Tennessee, United States
    • ABPLF SPV I LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AB Private Lending Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.4M3 Dec 31, 2025$11.7M3 Dec 31, 2024−36.5%

Properties, in its own words

The Fund maintains its principal executive office at 405 Colorado Street, Suite 1500, Austin, Texas 78701. We believe that our office facilities are suitable and adequate for our business as it is currently conducted. The Fund does not own any real estate.

Item 2 of the 10-K filed Mar 25, 2026.6

Leadership

Who has led AB Private Lending Fund, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. J. Brent Humphries2024

President

  1. J. Brent Humphries2024

Chief financial officer

  1. Wesley Raper2024
2025
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • SecretaryNeal Brent Kalechofsky named Apr 30, 202418
  • TreasurerRoy Brent Castromonte named Apr 30, 202418
  • DirectorLeon Brent Hirth named Apr 30, 202418

Subsidiaries and ownership

Fund manager

Subsidiaries (Exhibit 21)

  • ABPLF SPV I LLC Delaware5

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 21, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events19
  2. Sep 17, 20268-K Other events20
  3. Aug 20, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events21
  4. Aug 6, 20268-K Shareholder vote22
  5. Jul 21, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events23
  6. Jun 18, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events24
  7. May 20, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events25
  8. May 8, 20268-K Change to shareholders' rights26
  9. May 6, 20268-K Other events27
  10. Apr 20, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events28
  11. Mar 19, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events29
  12. Feb 20, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events30
  13. Aug 6, 2024New chief executive J. Brent Humphries becomes CEO12
  14. Jun 8, 2023Founded AB Private Lending Fund is founded2

Filings

135 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 41 major events, 18 insider forms, 16 large holders, 1 private raises, 50 other. The latest 20:

  1. Sep 28, 2026SC TO-I EDGAR
  2. Sep 21, 20268-K EDGAR
  3. Sep 17, 20268-K EDGAR
  4. Sep 17, 2026424B3 EDGAR
  5. Aug 20, 20268-K EDGAR
  6. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 18, 20263 PRIMARY DOCUMENT EDGAR
  8. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 14, 2026SCHEDULE 13G/A EDGAR
  10. Aug 14, 202610-Q EDGAR
  11. Aug 14, 2026SCHEDULE 13G/A EDGAR
  12. Aug 11, 2026SCHEDULE 13G EDGAR
  13. Aug 10, 2026SCHEDULE 13G/A EDGAR
  14. Aug 6, 20268-K EDGAR
  15. Aug 6, 2026SC TO-I/A EDGAR
  16. Jul 21, 20268-K EDGAR
  17. Jul 17, 2026DEFA14A EDGAR
  18. Jul 13, 2026DEFA14A EDGAR
  19. Jul 2, 2026DEFA14A EDGAR
  20. Jul 2, 2026DEFA14A EDGAR

The 135 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 5 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 2, 2026PM Alpha II DAC10% ownerBuy53,060$24.99$1.3MForm 4
Jan 2, 2026PM Alpha DACBuy56,701$25.20$1.4MForm 4
Dec 1, 2025PM Alpha DACBuy103,597$25.27$2.6MForm 4
Nov 3, 2025PM Alpha DACBuy144,744$25.29$3.7MForm 4
Sep 30, 2025PM Alpha DACBuy232,618$25.30$5.9MForm 4
Nov 29, 2024Equitable Financial Life Insurance Co10% ownerSale4,400,000$24.55$108.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 30, 2024Filed a private offering of equity Form D: $1 billion offered in all Form D

SEC filer profile

How AB Private Lending Fund is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAB Private Lending Fund1
  • CIK0001982701
  • Employer ID (EIN)93-65550276
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Business address405 Colorado Street, Suite 1500, Austin, TX 787011
  • Phone512-721-29001
  • Shares outstanding6,767,370 Common Class I shares; 0 Common Class S shares; 0 Common Class D shares as of Mar 25, 20266
  • Public float$0 as of Jun 30, 20253
  • AuditorPricewaterhouseCoopers LLP, New York PCAOB ID 238; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceJul 24, 20231
  • Filings147 in all: 8-K (34), SCHEDULE 13G/A (12), 3 (11), SC TO-I (8), 10-Q (7), 4 (7), 424B3 (7), 8-K/A (7)1
    All 31 form types

    SC TO-I/A (7), DEFA14A (6), 40-APP/A (5), SCHEDULE 13G (4), 40-17G (3), 40-APP (3), DRS/A (3), SC 13G (3), 10-K (2), 486BPOS (2), ARS (2), DEF 14A (2), N-2/A (2), 8-A12G (1), CORRESP (1), D (1), DRS (1), EFFECT (1), N-2 (1), N-54A (1), N-6F (1), PRE 14A (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 25, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Jun 23, 2026
    Latest 8-K (8-K) Sep 21, 2026

Risk factors and legal proceedings

The risks AB Private Lending Fund names in Item 1A of its 10-K filed Mar 25, 2026: 76 risks under these headings, as written.6

  • Risks Relating to an Investment in the Fund
  • Inability of the Fund to Meet its Investment Objective.
  • Dependence on the Investment Team.
  • Investment Illiquidity; Restrictions on Withdrawal.
  • No Right to Control the Fund’s Operations.
  • Recourse to the Fund’s Assets.
  • Potential Inability to Obtain Leverage.
  • Provisions in Our Declaration of Trust Could Make It More Difficult for a Potential Acquirer to Acquire Us.
  • Expedited Investment Decisions.
  • Certain Proceedings and Investigations.
  • Portfolio Valuation and Related Conflicts.
  • Allocation of Investment Opportunities and Related Conflicts.
The other 65 risks
  • Rights against Third Parties, including Third-Party Service Providers.
  • Below Investment Grade Securities.
  • Consultation with Sourcing and Operating Partners.
  • Disclosure of Information Regarding Fund Investors.
  • Exposure to Material Non-Public Information.
  • Electronic Delivery of Certain Documents.
  • Potential for Volatile Markets.
  • Syndication and/or Transfer of Investments.
  • Possibility of the Need to Raise Additional Capital.
  • Liability for Capital Returns.
  • Potential Changes in Investment Objective, Operating Policies or Strategies Without Prior Notice or Investor Approval.
  • Potential Changes to Declaration of Trust Without Prior Investor Approval.
  • Risks Regarding Distributions.
  • Discretion to not Repurchase Common Shares, to Suspend the Share Repurchase Program, and to Cease Repurchases.
  • Risks and Potential Conflicts of Interest Relating to the Initial Portfolio Transaction
  • We may pursue less vigorous enforcement of the terms of the Initial Portfolio Transfer Agreement regarding the Initial Portfolio transaction because of our dependence on the Advisor and its affiliates.
  • Risks Relating to the Fund’s Investments
  • Risks Associated with Portfolio Companies.
  • Portfolio Companies May be Highly Leveraged.
  • Reliance on Company Management.
  • Uncertainty as to the Value of Certain Portfolio Investments.
  • Potential Failure to Make Follow-On Investments in Portfolio Companies.
  • Potential Impact of Not Holding Controlling Equity Interests in Portfolio Companies.
  • Defaults by Portfolio Companies.
  • Adverse Developments in the Debt Capital Markets.
  • Inflation and Government Policy May Adversely Impact the Fund's Portfolio Companies.
  • Adverse Effect of Economic Conditions on the Fund and the Portfolio Companies.
  • Increased Regulatory Scrutiny of Private Credit Markets.
  • Illiquidity of the Fund’s Assets; Distributions In Kind.
  • General Risks of Secured Loans.
  • Senior Secured Debt and Unitranche Debt.
  • Infectious Diseases; Pandemics.
  • Limited Amortization Requirements.
  • Potential Early Redemption of Some Investments.
  • Minority Investments; Joint Ventures.
  • Risk Arising from Provision of Managerial Assistance; Control Person Liability.
  • Global economic, political and market conditions may adversely affect our business, results of operations and financial conditions.
  • Banking Sector Instability and Credit Market Disruptions.
  • Hedging Strategy, Policies and Risks.
  • Increased Leverage may Magnify the Fund’s Exposure to Risks Associated with Changes in Interest Rates.
  • Effect of Changes in Interest Rates on Investments.
  • Investments in Unsecured Debt.
  • Risk of Publicly Traded Securities.
  • Investments that May Become Distressed.
  • Risks Associated with Revolver, Delayed-Draw and Line of Credit Investments.
  • Risks Associated with Investing in Equity.
  • Risks Associated with Investing in Convertible Securities.
  • Risks Associated with Investing in Structured Credit Instruments.
  • Assignments and Participations.
  • Risks Relating to Fraudulent Conveyances and Voidable Preferences by Issuers.
  • Bankruptcy Involving Non-U.S. Companies.
  • Creditors’ Committee and/or Board Participation.
  • Investments in Portfolio Companies in Regulated Industries.
  • Investments in Original Issue Discount and Payment-In-Kind Instruments.
  • Risks Arising From Entering into a TRS Agreement.
  • Securities Lending Agreements.
  • Risks Relating to Certain Regulatory Matters
  • Regulations Governing the Fund’s Operation as a BDC.
  • Investing a Sufficient Portion of Assets in Qualifying Assets.
  • Incurrence of Significant Costs as a Result of Being an Exchange Act Reporting Company.
  • New or Modified Laws or Regulations Governing our Operations may Adversely Affect our Business.
  • Uncertainty about presidential administration initiatives could negatively impact our business, financial condition and results of operations.
  • Effect on the Fund of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
  • Pay-to-Play Laws, Regulations and Policies.
  • Government Policies; Changes in Laws; International Trade.
  • EU General Data Protection Regulation.
  • Risks Arising from Potential Controlled Group Liability.
  • Risks Arising from Compliance with the SEC’s Regulation Best Interest.

Legal proceedings

The Fund is not currently subject to any material legal proceedings, nor, to the Fund’s knowledge, is any material legal proceeding threatened against the Fund. From time to time, the Fund may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Fund’s rights under contracts with its portfolio companies. The Fund’s business is also subject to extensive regulation, which may result in regulatory proceedings against the Fund. While the outcome of these legal proceedings cannot be predicted with certainty, the Fund does not expect that these proceedings will have a material effect upon its financial condition or results of operations.

The opening of Item 3, Legal Proceedings.6

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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