AB Private Credit Investors LLC filed its most recent ADV on July 07, 2023. The firm disclosed $6.34 B in assets. Its largest client type are pooled investment vehicles and the firm attributes 80.45% of its AUM to pooled investment vehicles.
Key Form ADV Filing Changes
Between March 2023 and July 2023, significant changes were observed in the form ADV filings for AB Private Credit Investors.
The total Assets Under Management (AUM) saw a considerable growth of 29.36%, increasing from $4.89 billion to $6.33 billion. Moreover, the total number of accounts minimally increased from 14 to 15 during the same period.
Private Funds Added
The firm's portfolio has been expanded with the addition of the following four funds:
- AB-Abbott Private Equity Solutions 2021 (Delaware) Fund L.P.
Gross Asset Value: $52.76M
- AB-Abbott Private Equity Solutions 2022 (Delaware) Fund L.P.
Gross Asset Value: $13.19M
- ABPCI Pacific Funding LP
Gross Asset Value: $194.77M
- AB Abbott PE Co-Invest Fund 2020
Gross Asset Value: $60.42M
Private Funds Removed:
The firm's portfolio has seen the removal of the following two funds:
- AB Private Credit Investors Middle Market Direct Lending Fund II, LLC
Gross Asset Value: $346.03M
- AB EOF Weatherly Co-Invest, L.P.
Gross Asset Value: $10.16M
Modified Private Funds
The firm disclosed several modifications for its 16 private funds.
AB Private Credit Investors Middle Market Direct Lending Fund, L.P.
- Gross Asset Value: New $1.85B, Old $0
- No. of Beneficial Owners: New 2.7k, Old 0
- Percentage Beneficially Owned by Related Persons: New 8%, Old 1%
- Percentage of Clients Invested: New 9%, Old 10%
AB Private Credit Investors Middle Market Direct Lending Fund II Feeder, L.P.
- Gross Asset Value: New $224.5M, Old $30.9M
- No. of Beneficial Owners: New 365, Old 2
- Percentage Beneficially Owned by Related Persons: New 16%, Old 1%
- Percentage Beneficially Owned by Non-US Persons: New 0%, Old 20%
- Percentage of Clients Invested: New 1%, Old 5%
AB Private Credit Investors Middle Market Direct Lending Fund II, L.P.
- Gross Asset Value: New $631M, Old $1.49B
- No. of Beneficial Owners: New 572, Old 2.3k
- Percentage Beneficially Owned by Related Persons: New 2%, Old 1%
- Percentage of Clients Invested: New 2%, Old 10%
AB Energy Opportunity Fund, L.P.
- Gross Asset Value: New $314.9M, Old $339.8M
- No. of Beneficial Owners: New 918, Old 598
- Percentage Beneficially Owned by Related Persons: New 9%, Old 8%
- Percentage of Clients Invested: New 3%, Old 5%
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