AB Private Credit Investors Corp

CIK 0001634452AllianceBernstein

AB Private Credit Investors Corp is a non-traded business development company advised by AllianceBernstein. With $2.0 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 100% in first-lien senior secured loans and 100% floating-rate, at a weighted-average spread of 499 bps over the base rate. Its largest sector exposure is Information Technology (20% of holdings).

NAV/Share

$9.47

AUM

$2.0B

Positions

587

Strategy

Private Credit

Wtd. Avg. Coupon

8.8%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

3.8 yrs

97% coverage

Top 10 Concentration

11.4%

Instrument type

Share of portfolio fair value

First Lien

97%

of fair value

First Lien Senior Loans96.9%

Second Lien Loans0.1%

Equity1.4%

Fund Vehicles1.5%

Industry exposure

Share of holdings fair value

Top 5

97%

of holdings

Information Technology19.8%

Health Care12.9%

Industrials12.9%

Financials2.4%

Consumer Discretionary2.3%

Energy0.6%

Consumer Staples0.2%

Unknown48.7%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.

Risk & Credit Indicators

PIK in Terms

9.0%