--- title: "Shares Tendered to Lord Abbett Private Credit Fund Fall 85%, and the Fund Buys All of Them" url: https://altstreet.investments/news/lord-abbett-private-credit-fund-tender-requests-fall-to-1-percent-of-offer-2026-10-29 kind: news-article updated: 2026-11-01 description: "Shares tendered to Lord Abbett Private Credit Fund fell 84.8% to 21,179 in its August 2026 offer, all bought at the $24.86 NAV, per Schedule TO-I/A." publisher: AltStreet (https://altstreet.investments) license: Public factual pages may be read, quoted and cited with attribution and a link. Bulk redistribution is not permitted. --- # Shares Tendered to Lord Abbett Private Credit Fund Fall 85%, and the Fund Buys All of Them Shares tendered into the non-traded BDC's August offer fell 84.8% from its May offer, to 21,179, far below the roughly 5% the fund offered to repurchase; it bought all of them for $526,501, per its October 29 final amendment. As of November 1, five of the 21 readable BDC tender results for offers that expired July to September 2026 were prorated. By Michael E., Head of Research, AltStreet Research (https://altstreet.investments/authors/michael-e). Published November 1, 2026. Entity: Lord Abbett Private Credit Fund (CIK 2008748, https://altstreet.investments/edgar/2008748). Shares tendered to Lord Abbett Private Credit Fund, a non-traded business development company, fell 84.8% between its last two quarterly offers: 21,178.65 shares in the offer that expired August 27, 2026, against 139,488.24 in the offer that expired May 29. The fund bought every share tendered in both, according to the final amendment it filed on October 29 (accession 0000930413-26-003179). The August offer was for up to 1,465,813.51 shares, about 5% of the shares outstanding used to size it, so the shares tendered came to about 1.4% of the offer. The fund paid $526,501.34 on or about October 29, at the September 30 net asset value of $24.86 a share. ## What the filings show The May offer was for up to 1,327,050.25 shares and was paid in full: $3,467,677.58 at the June 30 NAV (0000930413-26-002081). On the same day as the August result, the fund opened its next offer, for up to 1,660,081.55 shares, about 5% of the 33,201,630.97 shares outstanding at August 31, expiring November 30, 2026 (0000930413-26-003180). The April and July offers were sized on 26.5 million and 29.3 million shares outstanding, so the fund's share count grew while the shares tendered fell. ## Where it sits in the series AltStreet re-read every final amendment filed by the 70 non-traded BDCs it tracks for its [research on prorated private credit tender offers](/research/private-credit-tender-offers-prorated). For offers that expired July to September 2026, 21 had a readable result as of November 1 and five were prorated, led by Blue Owl Technology Income at 12.8% and Blue Owl Credit Income at 29.8%; the other 16, Lord Abbett's among them, bought every share tendered. Results for the quarter are still arriving. A fill rate is read alongside the volume tendered: Lord Abbett filled both offers in full because the shares tendered stayed well below its roughly 5% repurchase limit. The offer grew in absolute terms, from 1.33 million to 1.47 million shares, as the share count rose; it was not enlarged beyond 5%. ## What the filings do not show The amendment does not say why so few shares were tendered or how many holders tendered them, and the result says nothing about the November offer, whose outcome depends on requests not yet made. AltStreet has not contacted the fund or its adviser. ## Key facts - Shares tendered fell 84.8%, from 139,488.24 (offer expired May 29) to 21,178.6539 (offer expired August 27, 2026); the August offer drew 21,178.6539 shares against an offer for up to 1,465,813.51 shares, and the fund bought all of them, per Schedule TO-I/A 0000930413-26-003179 filed October 29, 2026 - Payment was $526,501.34 on or about October 29, at the September 30, 2026 NAV of $24.86 per share - The May 29 offer drew 139,488.24 shares against up to 1,327,050.25 and was paid in full, $3,467,677.58 (0000930413-26-002081) - The next offer is for up to 1,660,081.55 shares, about 5% of 33,201,630.97 outstanding at August 31, expiring November 30, 2026 (0000930413-26-003180) - As of November 1, 2026, five of 21 readable BDC tender results for offers that expired July to September 2026 were prorated, per AltStreet's re-verified series ## Sources - Lord Abbett Private Credit Fund, Schedule TO-I/A final amendment (offer expired August 27, 2026), filed October 29, 2026: https://www.sec.gov/Archives/edgar/data/2008748/000093041326003179/ - Lord Abbett Private Credit Fund, Schedule TO-I/A final amendment (offer expired May 29, 2026), filed July 22, 2026: https://www.sec.gov/Archives/edgar/data/2008748/000093041326002081/ - Lord Abbett Private Credit Fund, Schedule TO-I (offer expiring November 30, 2026), filed October 29, 2026: https://www.sec.gov/Archives/edgar/data/2008748/000093041326003180/ - AltStreet research: Private Credit Funds Are Rationing Exits: https://altstreet.investments/research/private-credit-tender-offers-prorated ## SEC accession numbers - 0000930413-26-003179 - 0000930413-26-002081 - 0000930413-26-003180 --- Source page: https://altstreet.investments/news/lord-abbett-private-credit-fund-tender-requests-fall-to-1-percent-of-offer-2026-10-29 Machine index: https://altstreet.investments/llms.txt AltStreet reads what platforms, funds and issuers file with the SEC and what they tell investors, and publishes the difference. Figures are as filed or as captured on the date stated; nothing here is investment advice.