LORD ABBETT Private Credit Advisor LLC

Lord Abbett Private Credit Advisor LLC is an SEC‑registered adviser that provides discretionary investment management to pooled vehicles and investment companies, currently serving one private fund and two business development companies (BDCs). As of September 30, 2025 the firm reported approximately $1.2375 billion in regulatory assets under management and generally charges asset‑based fees while also employing performance‑based fees and the potential for carried interest.

The firm’s investment approach centers on private credit for U.S. middle‑market companies, with a primary focus on first‑lien, senior‑secured and unitranche direct lending (and, to a lesser extent, second‑lien and subordinated debt). Lord Abbett Private Credit Advisor combines fundamental and quantitative research with a structured diligence and approval process — including screening memos, a Private Credit Investment Committee vote and unanimous portfolio manager approval for transactions — and notes the use of internal fair‑valuation practices for illiquid holdings and an SEC exemptive order permitting co‑investments among client accounts.

Distinctive aspects highlighted in the brochure include its role as a manager of investment companies (the private fund and BDC clients) and its affiliation with Lord Abbett entities, including a resource sharing agreement with Lord, Abbett & Co. LLC and the affiliated broker‑dealer Lord Abbett Distributor LLC, which the brochure identifies as the limited‑purpose underwriter/distributor for certain Lord Abbett funds. These organizational and distribution relationships, together with the firm’s governance around pooled vehicle management, differentiate its operating model from many peers that primarily serve separate institutional accounts.