12/29/2025 | Press release | Distributed by Public on 12/29/2025 15:04
Item 3.02. Unregistered Sales of Equity Securities.
As of December 1, 2025, LGAM Private Credit LLC ("we", the "Company" or the "Fund"), sold approximately 513,689 of the Company's Common Units (the "Units") for an aggregate offering price of approximately $10.3 million, reflecting a purchase price of $19.99 per unit (with the final number of Units being determined on December 22, 2025).
The sale of Units was made pursuant to subscription agreements entered into by the Company and its unitholders. The issuance of the Units is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Regulation S under the Securities Act and other exemptions from the registration requirements of the Securities Act. The Company relied, in part, upon representations from the unitholders in the subscription agreements that each unitholder was not in the United States (as defined in Rule 902(l) under Regulation S under the Securities Act) and was not, and was not acting for the account or benefit of, U.S. Persons (as defined in Rule 902(k) under Regulation S under the Securities Act).
Item 7.01. Regulation FD Disclosure.
On December 29, 2025, the Company disclosed the below information.
Distribution:
On December 22, 2025, the Fund declared a regular distribution to unitholders of record in the amount of $0.1416 per unit. The distribution will be payable on or around January 6, 2026 to unitholders of record as of December 31, 2025.
Company's Portfolio:
As of November 30, 2025, the Company had investments in 127 portfolio companies across 33 industries with an aggregate par value of approximately $533.9 million, which consisted of approximately 99.2% first lien debt investments, 0.3% second lien debt investments, and 0.5% other investments based on par value or in the case of equity investments, cost. As of November 30, 2025, approximately 99.9% of the debt investments, based on par value, in the Company's portfolio were at floating rates. During the period from November 1, 2025 through November 30, 2025, the Company had new investment commitments of approximately $41.7 million, approximately 100.0% of which were first lien debt investments. As of November 30, 2025, approximately 1.7%, based on par value (including cash), were in broadly syndicated loans, which the Company primarily uses for cash management purposes.
The table below describes investments by industry composition based on par value as of November 30, 2025:
|
Industry |
% of Total |
|||
|
Software |
18.9 |
% |
||
|
Professional Services |
10.8 |
|||
|
Commercial Services & Supplies |
8.4 |
|||
|
Insurance Services |
8.1 |
|||
|
Health Care Providers & Services |
6.8 |
|||
|
Diversified Consumer Services |
5.5 |
|||
|
Financial Services |
5.3 |
|||
|
IT Services |
4.9 |
|||
|
Aerospace & Defense |
3.6 |
|||
|
Ground Transportation |
2.7 |
|||
|
Other |
25.0 |
|||
|
Total |
100.0 |
% |
||
The table below shows the Company's ten largest portfolio company investments based on par value as of November 30, 2025:
|
Issuer |
% of Total |
|||
|
Banyan Software Holdings, LLC |
2.8 |
% |
||
|
SV Newco 2 Inc |
2.7 |
|||
|
Diligent Corporation |
2.4 |
|||
|
GB Eagle Buyer, Inc. |
2.2 |
|||
|
MRI Software LLC |
2.2 |
|||
|
Iris Specialty Acquisition LLC |
2.2 |
|||
|
JNPR Aero LLC |
1.9 |
|||
|
Deerfield Dakota Holdings LLC |
1.9 |
|||
|
GC Waves Holdings Inc |
1.7 |
|||
|
Vessco Midco Holdings, LLC |
1.5 |
|||
|
Other |
78.5 |
|||
|
Total |
100.0 |
% |
||
Net Asset Value:
As of November 30, 2025, the Company's aggregate net asset value is estimated to be approximately $211.4 million. As of November 30, 2025, the Company had approximately $216.7 million of debt outstanding (at principal). Final results may differ materially from the estimated net asset value as a result of the completion of the Company's financial closing procedures, as well as any subsequent events, including the discovery of information affecting fair values of portfolio investments as of November 30, 2025, arising between the date hereof and the completion of the financial statements and the filing of the Company's quarterly report on Form 10-K for the year ended December 31, 2025.