Lord Abbett Private Credit Fund 1 10-Q 18 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	7 Months Ended
	Sep. 30, 2024	Nov. 18, 2024
Document Information Line Items
Entity Registrant Name	Lord Abbett Private Credit Fund
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		5,720,443
Amendment Flag	false
Entity Central Index Key	0002008748
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	814-01764
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-4670837
Entity Address, Address Line One	30 Hudson Street
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07302
City Area Code	888
Local Phone Number	522-2388
Entity Interactive Data Current	Yes

Statement of Assets and Liabili

Statement of Assets and Liabilities $ in Thousands	Sep. 30, 2024 USD ($) $ / shares
Investments at fair value
Non-controlled/non-affiliated investments (cost of $312,639)	$ 313,562
Cash and cash equivalents	3,996
Interest receivable from non-controlled/non-affiliated investments	2,061
Due from Adviser	426
Receivable for investments sold	101
Other assets	96
Total assets	320,242
LIABILITIES
Debt (net of deferred financing costs of $629) (Note 5)	189,583
Interest payable	1,211
Due to Adviser	700
Professional fees payable	253
Accrued expenses and other liabilities	202
Total liabilities	191,949
Total net assets	128,293
NET ASSETS
Common shares, $0.01 par value (5,080,444 shares issued and outstanding)	50
Paid in capital in excess of par value	126,961
Total distributable earnings/(loss)	1,282
Total liabilities and net assets	$ 320,242
Net asset value per share (in Dollars per share) | $ / shares	$ 25.25	[1]
[1]Prior to September 30, 2024, the Company was not unitized, and therefore no per share roll forward is disclosed.

Statement of Assets and Liabi_2

Statement of Assets and Liabilities (Parentheticals) $ in Thousands	Sep. 30, 2024 USD ($) shares
Statement of Financial Position [Abstract]
Non-controlled/non-affiliated investments cost	$ 312,639
Deferred Financing Costs	$ 629
Shares Issued and Outstanding (in Shares) | shares	5,080,444

Statements of Operations

Statements of Operations - USD ($) $ in Thousands	3 Months Ended	7 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Non-controlled/non-affiliated investments:
Interest income	$ 7,035	$ 11,659
Fee income	239	363
Total investment income	7,274	12,022
Expenses
Interest expense	3,560	6,558
Organizational costs	71	705
Professional fees	429	596
Other general & administrative	59	137
Amortization of offering costs	31	31
Total expenses	4,150	8,027
Expense reimbursement (Note 3)	(572)	(1,636)
Net expenses	3,578	6,391
Net investment income (loss)	3,696	5,631
Net realized gain/(loss):
Non-controlled/non-affiliated investments	237	237
Net realized gain/(loss)	237	237
Net change in unrealized gain/(loss):
Non-controlled/non-affiliated investments	99	923
Net change in unrealized gain/(loss)	99	923
Net realized and change in unrealized gain/(loss)	336	1,160
Net increase (decrease) in net assets resulting from operations	$ 4,032	$ 6,791

Statements of Changes in Net As

Statements of Changes in Net Assets - USD ($) $ in Thousands	3 Months Ended	7 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Net increase (decrease) in net assets resulting from operations
Net investment income (loss)	$ 3,696	$ 5,631
Net realized gain/(loss)	237	237
Net change in unrealized gain/(loss)	99	923
Net increase (decrease) in net assets resulting from operations	4,032	6,791
Distributions to common shareholders from:
Income distributions	(3,574)	(5,509)
Net decrease in net assets resulting from distributions	(3,574)	(5,509)
Capital share transactions
Proceeds from capital contributions/shares sold	47,011	128,979
Return of capital contributions		(1,968)
Net increase (decrease) from capital share transactions	47,011	127,011
Total increase (decrease) in net assets	47,469	128,293
Net assets, beginning of period	80,824
Net assets, end of period	$ 128,293	$ 128,293

Statement of Cash Flows

Statement of Cash Flows $ in Thousands	7 Months Ended
	Sep. 30, 2024 USD ($)
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$ 6,791
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net realized (gain)/loss	(237)
Net change in unrealized (gain)/loss	(923)
Purchases of investments	(384,230)
Proceeds from principal repayments	72,223
Net amortization (accretion) on investments	(395)
Amortization of deferred financing costs	516
Changes in operating assets and liabilities:
Interest receivable from non-controlled/non-affiliated investments	(2,061)
Due from Adviser	(426)
Receivable for investments sold	(101)
Other assets	(96)
Interest payable	1,211
Due to Adviser	700
Professional fees payable	253
Accrued expenses and other liabilities	202
Net cash provided by (used in) operating activities	(306,573)
Cash flows from financing activities:
Borrowings of debt	317,687
Repayments of debt	(127,475)
Proceeds from capital contributions/shares sold	128,979
Return of capital contributions	(1,968)
Income distributions to common shareholders	(5,509)
Deferred financing costs paid	(1,145)
Net cash provided by (used in) financing activities	310,569
Net increase (decrease) in cash and cash equivalents	3,996
Cash and cash equivalents, beginning of period
Cash and cash equivalents, end of period	3,996
Supplemental cash flow information
Interest paid during the period	$ 4,832

Schedule of Investments

Schedule of Investments $ in Thousands	3 Months Ended
	Sep. 30, 2024 USD ($)
Air Freight & Logistics
Fair Value	$ 313,562	[1],[2],[3]
Cost	$ 312,639	[1],[2],[3],[4]
% of Net Assets	244.41%	[1],[2],[3]
Par Amount/Units	$ 190,212
RJW Logistics Group, Inc (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Mar. 05, 2027
Meridian Waste Acquisitions, LLC (Delayed Draw) [Member]
Air Freight & Logistics
Maturity Date	Aug. 30, 2029
Meridian Waste Acquisitions, LLC (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Aug. 30, 2029
United Flow Technologies Intermediate Holdco II, LLC (Delayed Draw) [Member]
Air Freight & Logistics
Maturity Date	Jun. 23, 2031
United Flow Technologies Intermediate Holdco II, LLC (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Jun. 21, 2030
Schoeneck Containers, LLC (Revolver) [Member]
Air Freight & Logistics
Maturity Date	May 07, 2025
MGS MFG. Group, Inc. (Revolver) [Member]
Air Freight & Logistics
Maturity Date	May 31, 2027
Continental Buyer Inc (Delayed Draw) [Member]
Air Freight & Logistics
Maturity Date	Apr. 02, 2031
Continental Buyer Inc (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Apr. 02, 2031
RSC Acquisition, Inc. (Delayed Draw) [Member]
Air Freight & Logistics
Maturity Date	Nov. 01, 2029
RSC Acquisition, Inc. (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Oct. 30, 2029
BCM One, Inc. (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Nov. 17, 2027
Playpower, Inc. (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Aug. 28, 2030
TransnetYX, Inc (Revolver) [Member]
Air Freight & Logistics
Maturity Date	Apr. 13, 2026
ComPsych Investment Corp. (Delayed Draw) [Member]
Air Freight & Logistics
Maturity Date	Jul. 22, 2031
Vensure Employer Services Inc (Delayed Draw) [Member]
Air Freight & Logistics
Maturity Date	Sep. 29, 2031
Air Freight & Logistics [Member]
Air Freight & Logistics
Fair Value	$ 2,880	[2]
Cost	$ 2,882	[2],[4]
% of Net Assets	2.24%	[2]
Air Freight & Logistics [Member] | RJW Logistics Group, Inc [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 3.75%	[2]
Fair Value	$ 2,880	[2]
Cost	$ 2,882	[2],[4]
% of Net Assets	2.24%	[2]
Interest Rate	9.10%	[2],[5]
Par Amount/Units	$ 2,880	[2]
Maturity Date	Mar. 05, 2027	[2]
Air Freight & Logistics [Member] | RJW Logistics Group, Inc (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 3.75%	[2],[6]
Fair Value		[2],[6]
Cost		[2],[4],[6]
% of Net Assets		[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Mar. 05, 2027	[2],[6]
Commercial Services & Supplies [Member]
Air Freight & Logistics
Fair Value	$ 27,873	[2]
Cost	$ 27,937	[2],[4]
% of Net Assets	21.73%	[2]
Commercial Services & Supplies [Member] | Meridian Waste Acquisitions, LLC [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 4.00%	[2]
Fair Value	$ 9,055	[2]
Cost	$ 9,078	[2],[4]
% of Net Assets	7.05%	[2]
Interest Rate	8.96%	[2],[5]
Par Amount/Units	$ 9,100	[2]
Maturity Date	Aug. 30, 2029	[2]
Commercial Services & Supplies [Member] | Meridian Waste Acquisitions, LLC (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 3.50%	[2],[6]
Fair Value	$ 907	[2],[6]
Cost	$ 927	[2],[4],[6]
% of Net Assets	0.71%	[2],[6]
Interest Rate	8.43%	[2],[5],[6]
Par Amount/Units	$ 927	[2],[6]
Maturity Date	Aug. 30, 2029	[2],[6]
Commercial Services & Supplies [Member] | Meridian Waste Acquisitions, LLC (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 3.50%	[2],[6]
Fair Value	$ 186	[2],[6]
Cost	$ 195	[2],[4],[6]
% of Net Assets	0.15%	[2],[6]
Interest Rate	8.43%	[2],[5],[6]
Par Amount/Units	$ 195	[2],[6]
Maturity Date	Aug. 30, 2029	[2],[6]
Commercial Services & Supplies [Member] | United Flow Technologies Intermediate Holdco II, LLC [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2]
Fair Value	$ 17,775	[2]
Cost	$ 17,738	[2],[4]
% of Net Assets	13.86%	[2]
Interest Rate	9.85%	[2],[5]
Par Amount/Units	$ 18,000	[2]
Maturity Date	Jun. 23, 2031	[2]
Commercial Services & Supplies [Member] | United Flow Technologies Intermediate Holdco II, LLC (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2],[6]
Fair Value	$ (25)	[2],[6]
Cost	$ 27	[2],[4],[6]
% of Net Assets	(0.02%)	[2],[6]
Interest Rate	10.54%	[2],[5],[6]
Par Amount/Units	$ 100	[2],[6]
Maturity Date	Jun. 23, 2031	[2],[6]
Commercial Services & Supplies [Member] | United Flow Technologies Intermediate Holdco II, LLC (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2],[6]
Fair Value	$ (25)	[2],[6]
Cost	$ (28)	[2],[4],[6]
% of Net Assets	(0.02%)	[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Jun. 21, 2030	[2],[6]
Containers & Packaging [Member]
Air Freight & Logistics
Fair Value	$ 14,409	[2]
Cost	$ 14,453	[2],[4]
% of Net Assets	11.23%	[2]
Containers & Packaging [Member] | Schoeneck Containers, LLC [Member]
Air Freight & Logistics
Reference Rate and Spread	1M S + 4.75%	[2]
Fair Value	$ 9,324	[2]
Cost	$ 9,347	[2],[4]
% of Net Assets	7.27%	[2]
Interest Rate	9.71%	[2],[5]
Par Amount/Units	$ 9,347	[2]
Maturity Date	May 07, 2025	[2]
Containers & Packaging [Member] | Schoeneck Containers, LLC (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	1M S + 4.75%	[2]
Fair Value	$ 4,753	[2]
Cost	$ 4,765	[2],[4]
% of Net Assets	3.70%	[2]
Interest Rate	9.71%	[2],[5]
Par Amount/Units	$ 4,765	[2]
Maturity Date	May 07, 2025	[2]
Containers & Packaging [Member] | Schoeneck Containers, LLC (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M P + 3.75%	[2],[6]
Fair Value	$ 332	[2],[6]
Cost	$ 341	[2],[4],[6]
% of Net Assets	0.26%	[2],[6]
Interest Rate	11.75%	[2],[5],[6]
Par Amount/Units	$ 341	[2],[6]
Maturity Date	May 07, 2025	[2],[6]
Health Care Equipment & Supplies [Member]
Air Freight & Logistics
Fair Value	$ 12,025	[2]
Cost	$ 12,025	[2],[4]
% of Net Assets	9.37%	[2]
Health Care Equipment & Supplies [Member] | MGS MFG. Group, Inc. [Member]
Air Freight & Logistics
Reference Rate and Spread	1M S + 4.50%	[2]
Fair Value	$ 9,193	[2]
Cost	$ 9,193	[2],[4]
% of Net Assets	7.16%	[2]
Interest Rate	9.45%	[2],[5]
Par Amount/Units	$ 9,193	[2]
Maturity Date	May 31, 2027	[2]
Health Care Equipment & Supplies [Member] | MGS MFG. Group, Inc. (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	1M S + 4.50%	[2]
Fair Value	$ 2,832	[2]
Cost	$ 2,832	[2],[4]
% of Net Assets	2.21%	[2]
Interest Rate	9.45%	[2],[5]
Par Amount/Units	$ 2,832	[2]
Maturity Date	May 31, 2027	[2]
Health Care Equipment & Supplies [Member] | MGS MFG. Group, Inc. (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 4.50%	[2],[6]
Fair Value		[2],[6]
Cost		[2],[4],[6]
% of Net Assets		[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	May 31, 2027	[2],[6]
Health Care Providers & Services [Member]
Air Freight & Logistics
Fair Value	$ 49,359	[2]
Cost	$ 48,741	[2],[4]
% of Net Assets	38.47%	[2]
Health Care Providers & Services [Member] | Continental Buyer Inc [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2]
Fair Value	$ 32,484	[2]
Cost	$ 32,021	[2],[4]
% of Net Assets	25.32%	[2]
Interest Rate	9.85%	[2],[5]
Par Amount/Units	$ 32,484	[2]
Maturity Date	Apr. 02, 2031	[2]
Health Care Providers & Services [Member] | Continental Buyer Inc (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2],[6]
Fair Value		[2],[6]
Cost	$ (89)	[2],[4],[6]
% of Net Assets		[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Apr. 02, 2031	[2],[6]
Health Care Providers & Services [Member] | Continental Buyer Inc (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2],[6]
Fair Value		[2],[6]
Cost	$ (66)	[2],[4],[6]
% of Net Assets		[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Apr. 02, 2031	[2],[6]
Health Care Providers & Services [Member] | Endo1 Partners - California, LLC [Member]
Air Freight & Logistics
Reference Rate and Spread	1M S + 5.25%	[2]
Fair Value	$ 16,875	[2]
Cost	$ 16,875	[2],[4]
% of Net Assets	13.15%	[2]
Interest Rate	10.35%	[2],[5]
Par Amount/Units	$ 16,875	[2]
Maturity Date	Mar. 24, 2026	[2]
Insurance [Member]
Air Freight & Logistics
Fair Value	$ 29,142	[2]
Cost	$ 28,727	[2],[4]
% of Net Assets	22.72%	[2]
Insurance [Member] | Ardonagh Midco 3 PLC [Member]
Air Freight & Logistics
Reference Rate and Spread	6M S + 4.75%	[2],[7],[8]
Fair Value	$ 29,398	[2],[7],[8]
Cost	$ 28,983	[2],[4],[7],[8]
% of Net Assets	22.92%	[2],[7],[8]
Interest Rate	9.90%	[2],[5],[7],[8]
Par Amount/Units	$ 29,398	[2],[7],[8]
Maturity Date	Feb. 17, 2031	[2],[7],[8]
Insurance [Member] | RSC Acquisition, Inc. (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 4.75%	[2],[6]
Fair Value	$ (230)	[2],[6]
Cost	$ (230)	[2],[4],[6]
% of Net Assets	(0.18%)	[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Nov. 01, 2029	[2],[6]
Insurance [Member] | RSC Acquisition, Inc. (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 4.75%	[2],[6]
Fair Value	$ (26)	[2],[6]
Cost	$ (26)	[2],[4],[6]
% of Net Assets	(0.02%)	[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Oct. 30, 2029	[2],[6]
IT Services [Member]
Air Freight & Logistics
Fair Value	$ 59,369	[2]
Cost	$ 59,369	[2],[4]
% of Net Assets	46.28%	[2]
IT Services [Member] | BCM One, Inc. [Member]
Air Freight & Logistics
Reference Rate and Spread	6M S + 4.50%	[2]
Fair Value	$ 15,089	[2]
Cost	$ 15,089	[2],[4]
% of Net Assets	11.77%	[2]
Interest Rate	8.85%	[2],[5]
Par Amount/Units	$ 15,089	[2]
Maturity Date	Nov. 17, 2027	[2]
IT Services [Member] | BCM One, Inc. (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	1M S + 4.50%	[2]
Fair Value	$ 4,775	[2]
Cost	$ 4,775	[2],[4]
% of Net Assets	3.72%	[2]
Interest Rate	9.45%	[2],[5]
Par Amount/Units	$ 4,775	[2]
Maturity Date	Nov. 17, 2027	[2]
IT Services [Member] | BCM One, Inc. (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 4.50%	[2],[6]
Fair Value		[2],[6]
Cost		[2],[4],[6]
% of Net Assets		[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Nov. 17, 2027	[2],[6]
IT Services [Member] | GCOM [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 7.50%	[2]
Fair Value	$ 39,505	[2]
Cost	$ 39,505	[2],[4]
% of Net Assets	30.79%	[2]
Interest Rate	12.89%	[2],[5]
Par Amount/Units	$ 39,899	[2]
Maturity Date	Aug. 01, 2031	[2]
Leisure Products [Member]
Air Freight & Logistics
Fair Value	$ 42,693	[2]
Cost	$ 42,693	[2],[4]
% of Net Assets	33.28%	[2]
Leisure Products [Member] | Playpower, Inc. [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2]
Fair Value	$ 42,790	[2]
Cost	$ 42,790	[2],[4]
% of Net Assets	33.36%	[2]
Interest Rate	9.85%	[2],[5]
Par Amount/Units	$ 43,434	[2]
Maturity Date	Aug. 28, 2030	[2]
Leisure Products [Member] | Playpower, Inc. (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2],[6]
Fair Value	$ (97)	[2],[6]
Cost	$ (97)	[2],[4],[6]
% of Net Assets	(0.08%)	[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Aug. 28, 2030	[2],[6]
Life Sciences Tools & Services [Member]
Air Freight & Logistics
Fair Value	$ 17,740	[2]
Cost	$ 17,740	[2],[4]
% of Net Assets	13.83%	[2]
Life Sciences Tools & Services [Member] | TransnetYX, Inc [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2]
Fair Value	$ 17,740	[2]
Cost	$ 17,740	[2],[4]
% of Net Assets	13.83%	[2]
Interest Rate	10.05%	[2],[5]
Par Amount/Units	$ 17,740	[2]
Maturity Date	Apr. 13, 2026	[2]
Life Sciences Tools & Services [Member] | TransnetYX, Inc (Revolver) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.25%	[2],[6]
Fair Value		[2],[6]
Cost		[2],[4],[6]
% of Net Assets		[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Apr. 13, 2026	[2],[6]
Professional Services [Member]
Air Freight & Logistics
Fair Value	$ 58,072	[2]
Cost	$ 58,072	[2],[4]
% of Net Assets	45.26%	[2]
Professional Services [Member] | ComPsych Investment Corp. [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 4.75%	[2]
Fair Value	$ 27,104	[2]
Cost	$ 27,104	[2],[4]
% of Net Assets	21.13%	[2]
Interest Rate	10.03%	[2],[5]
Par Amount/Units	$ 27,170	[2]
Maturity Date	Jul. 22, 2031	[2]
Professional Services [Member] | ComPsych Investment Corp. (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 4.75%	[2],[6]
Fair Value	$ (9)	[2],[6]
Cost	$ (9)	[2],[4],[6]
% of Net Assets	(0.01%)	[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Jul. 22, 2031	[2],[6]
Professional Services [Member] | Vensure Employer Services Inc [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.00%	[2]
Fair Value	$ 30,999	[2]
Cost	$ 30,999	[2],[4]
% of Net Assets	24.16%	[2]
Interest Rate	9.64%	[2],[5]
Par Amount/Units	$ 31,155	[2]
Maturity Date	Sep. 29, 2031	[2]
Professional Services [Member] | Vensure Employer Services Inc (Delayed Draw) [Member]
Air Freight & Logistics
Reference Rate and Spread	3M S + 5.00%	[2],[6]
Fair Value	$ (22)	[2],[6]
Cost	$ (22)	[2],[4],[6]
% of Net Assets	(0.02%)	[2],[6]
Interest Rate		[2],[5],[6]
Par Amount/Units		[2],[6]
Maturity Date	Sep. 29, 2031	[2],[6]
[1]All investments are valued using unobservable inputs (Level 3), unless otherwise noted (see “Note 2. Significant Accounting Policies and Note 4. Investments”).[2]Unless otherwise indicated, debt investments held by the Company are denominated in USD dollars. All debt investments are income producing unless otherwise indicated.[3]Unless otherwise indicated, issuers of debt held by the Company are domiciled in the United States.[4]The cost represents the original cost adjusted for the accretion of discounts and amortization of premiums, as applicable, on debt investments using the effective interest method in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).[5]Unless otherwise indicated, loan contains a variable rate structure, and may be subject to an interest rate floor. Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S”), or an alternate base rate (commonly based on the U.S. Prime Rate (“P”), which generally resets periodically. For each loan, the Company has indicated the reference rate used (including any adjustments per the loan agreements), and provided the spread and interest rate in effect as of September 30, 2024.[6]Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair value result from unamortized fees, which are capitalized to the investment cost. See below for more information on the Company’s unfunded commitments:[7] Investments that the Company has determined are not “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. As of September 30, 2024, non-qualifying assets represented approximately 9.18% of the total assets of the Company.

Schedule of Investments_ Invest

Schedule of Investments: Investments $ in Thousands	Sep. 30, 2024 USD ($)
Unfunded	$ 122,494
BCM One, Inc. (Revolver) [Member]
Unfunded	$ 1,530
Maturity Date	Nov. 17, 2027
ComPsych Investment Corp. (Delayed Draw) [Member]
Unfunded	$ 7,778
Maturity Date	Jul. 22, 2031
Continental Buyer Inc (Delayed Draw) [Member]
Unfunded	$ 12,739
Maturity Date	Apr. 02, 2031
Continental Buyer Inc (Revolver) [Member]
Unfunded	$ 4,777
Maturity Date	Apr. 02, 2031
Meridian Waste Acquisitions, LLC (Delayed Draw) [Member]
Unfunded	$ 2,982
Maturity Date	Aug. 30, 2029
Meridian Waste Acquisitions, LLC (Revolver) [Member]
Unfunded	$ 1,581
Maturity Date	Aug. 30, 2029
MGS MFG. Group, Inc. (Revolver) [Member]
Unfunded	$ 1,776
Maturity Date	May 31, 2027
Playpower, Inc. (Revolver) [Member]
Unfunded	$ 6,565
Maturity Date	Aug. 28, 2030
RJW Logistics Group, Inc (Revolver) [Member]
Unfunded	$ 4,286
Maturity Date	Mar. 05, 2027
RSC Acquisition, Inc. (Delayed Draw) [Member]
Unfunded	$ 47,250
Maturity Date	Nov. 01, 2029
RSC Acquisition, Inc. (Revolver) [Member]
Unfunded	$ 5,250
Maturity Date	Oct. 30, 2029
Schoeneck Containers, LLC (Revolver) [Member]
Unfunded	$ 3,068
Maturity Date	May 07, 2025
TransnetYX, Inc (Revolver) [Member]
Unfunded	$ 2,167
Maturity Date	Apr. 13, 2026
United Flow Technologies Intermediate Holdco II, LLC (Delayed Draw) [Member]
Unfunded	$ 9,900
Maturity Date	Jun. 23, 2031
United Flow Technologies Intermediate Holdco II, LLC (Revolver) [Member]
Unfunded	$ 2,000
Maturity Date	Jun. 21, 2030
Vensure Employer Services Inc (Delayed Draw) [Member]
Unfunded	$ 8,845
Maturity Date	Sep. 29, 2031

Schedule of Investments_ Indust

Schedule of Investments: Industry $ in Thousands	Sep. 30, 2024 USD ($)
Fair Value	$ 313,562	[1],[2],[3]
Percentage of Total Portfolio	100%
IT Services [Member]
Fair Value	$ 59,369	[2]
IT Services [Member] | First Lien Secured Debt [Member]
Fair Value	$ 59,369
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	18.93%
Professional Services [Member]
Fair Value	$ 58,072	[2]
Professional Services [Member] | First Lien Secured Debt [Member]
Fair Value	$ 58,072
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	18.52%
Health Care Providers & Services [Member]
Fair Value	$ 49,359	[2]
Health Care Providers & Services [Member] | First Lien Secured Debt [Member]
Fair Value	$ 49,359
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	15.74%
Leisure Products [Member]
Fair Value	$ 42,693	[2]
Leisure Products [Member] | First Lien Secured Debt [Member]
Fair Value	$ 42,693
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	13.62%
Insurance [Member]
Fair Value	$ 29,142	[2]
Insurance [Member] | First Lien Secured Debt [Member]
Fair Value	$ 29,142
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	9.29%
Commercial Services & Supplies [Member]
Fair Value	$ 27,873	[2]
Commercial Services & Supplies [Member] | First Lien Secured Debt [Member]
Fair Value	$ 27,873
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	8.89%
Life Sciences Tools & Services [Member]
Fair Value	$ 17,740	[2]
Life Sciences Tools & Services [Member] | First Lien Secured Debt [Member]
Fair Value	$ 17,740
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	5.66%
Containers & Packaging [Member]
Fair Value	$ 14,409	[2]
Containers & Packaging [Member] | First Lien Secured Debt [Member]
Fair Value	$ 14,409
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	4.60%
Health Care Equipment & Supplies [Member]
Fair Value	$ 12,025	[2]
Health Care Equipment & Supplies [Member] | First Lien Secured Debt [Member]
Fair Value	$ 12,025
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	3.83%
Air Freight & Logistics [Member]
Fair Value	$ 2,880	[2]
Air Freight & Logistics [Member] | First Lien Secured Debt [Member]
Fair Value	$ 2,880
Investment Type	First Lien Secured Debt
Percentage of Total Portfolio	0.92%
[1]All investments are valued using unobservable inputs (Level 3), unless otherwise noted (see “Note 2. Significant Accounting Policies and Note 4. Investments”).[2]Unless otherwise indicated, debt investments held by the Company are denominated in USD dollars. All debt investments are income producing unless otherwise indicated.[3]Unless otherwise indicated, issuers of debt held by the Company are domiciled in the United States.

Schedule of Investments_ Geogra

Schedule of Investments: Geography $ in Thousands	Sep. 30, 2024 USD ($)
Percentage of Total Portfolio	100%
Fair Value	$ 313,562	[1],[2],[3]
UNITED KINGDOM
Percentage of Total Portfolio	9.38%
Fair Value	$ 29,398
UNITED STATES
Percentage of Total Portfolio	90.62%
Fair Value	$ 284,164
[1]All investments are valued using unobservable inputs (Level 3), unless otherwise noted (see “Note 2. Significant Accounting Policies and Note 4. Investments”).[2]Unless otherwise indicated, debt investments held by the Company are denominated in USD dollars. All debt investments are income producing unless otherwise indicated.[3]Unless otherwise indicated, issuers of debt held by the Company are domiciled in the United States.

ORGANIZATION

ORGANIZATION	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	(1) ORGANIZATION Lord Abbett Private Credit Fund (the “Company”) is a closed-end, non-diversified management investment company organized under the laws of the State of Delaware. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”) on October 4, 2024 (the “BDC Election Date”). The Company also intends to elect to be treated, and qualify annually, as a regulated investment company (“RIC”) for U.S. federal income tax purposes as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) upon filing of the tax return on its statutory due date, commencing with its initial taxable year ended December 31, 2024. Prior to the BDC Election Date, the Company was taxed as a partnership for U.S. federal income tax purposes. The Company was formed on November 27, 2023 and commenced investment operations on February 23, 2024. Lord Abbett Private Credit Advisor LLC is the investment adviser to the Company (the “Adviser”). The Adviser is a wholly-owned subsidiary of Lord Abbett & Co. LLC. The Adviser provides the Company with investment advisory services pursuant to the terms of an investment advisory agreement (the “Advisory Agreement”). Lord, Abbett & Co. LLC, the “Administrator” or “Lord Abbett” performs, or oversees the performance of, the Company’s corporate operations and required administrative services pursuant to an administration agreement (the “Administration Agreement”). The Company’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Company invests in loans targeted at (i) private U.S. operating companies whose securities are not listed on a national securities exchange or registered under the Securities Exchange Act of 1934, as amended the (“Exchange Act”), and (ii) U.S. operating companies whose securities are listed on a national securities exchange that have a market capitalization of less than $250 million. On January 8, 2024, the Company established Lord Abbett Private Credit Funding 1, LLC (“Lord Abbett PCF I LLC”), a wholly-owned subsidiary of the Company and a Delaware limited liability company that is a disregarded entity for tax purposes, to acquire investments in the State of California. On August 30, 2024 (the “Conversion Date”), Lord Abbett Private Credit Fund 1, LP, filed a certificate of conversion with the state of Delaware to convert from a limited partnership to a Delaware statutory trust and changed its name to Lord Abbett Private Credit Fund. Effective September 30, 2024, all limited partnership interests were converted into common shares, formalizing the unitization of Lord Abbett Private Credit Fund. On this date 5,080,444 shares were issued and outstanding at a par value of $0.01.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following is a summary of the significant accounting and reporting policies used in preparing the consolidated financial statements. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). As an investment company, the Company applies the accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income, expenses, gains and losses during the reported periods. Changes in the economic environment, financial markets, credit worthiness of our portfolio companies, and any other parameters used in determining these estimates could cause actual results to differ materially. Consolidation As provided under Regulation S-X and ASC 946, the Company will not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiary in the consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. As of September 30, 2024, the Company’s sole consolidated subsidiary was Lord Abbett PCF 1 LLC. The Company does not consolidate SBLA Private Credit LLC (the “SBLA JV”). See Note 4 for further description of the joint venture. Cash and Cash Equivalents The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and near maturity, that they present insignificant risk of changes in value because of changes in interest rates. Generally, only securities with a maturity of three months or less from the date of purchase would qualify, with limited exceptions. The Company deems that certain money market funds, U.S. Treasury bills, repurchase agreements, and other high-quality, short-term debt securities would qualify as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value. The cash and cash equivalents balance as of September 30, 2024 was $3,996. Investment Transactions Investments are recognized when we assume an obligation to acquire a financial instrument and assume the risks for gains and losses related to that instrument. Investments are derecognized when we assume an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Specifically, we record all security transactions on a trade date basis. Amounts for investments derecognized or recognized but not yet settled are reported as a receivable for investments sold and a payable for investments purchased, respectively, in the Consolidated Statement of Assets and Liabilities. Fair Value Measurements The Company follows guidance in ASC 820, Fair Value Measurement ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Level 2: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3: Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may differ materially from the values that would be received upon an actual disposition of such investments. Investment Valuation Process Pursuant to Rule 2a-5, the Company’s Board of Trustees (the “Board”) has designated the Adviser as the valuation designee responsible for valuing all of the Company’s investments, including making fair valuation determinations as needed. The Adviser has established a fair value committee (the “Fair Value Committee”) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern activities of the Fair Value Committee and the performance of functions required to determine the fair value of a fund’s investments in good faith. These functions include periodically assessing and managing material risks associated with fair value determinations, selecting, applying, reviewing, and testing fair value methodologies, monitoring for circumstances that may necessitate the use of fair value, and overseeing and evaluating pricing services used. In accordance with the Adviser’s policies and procedures, investments, including debt securities, that are publicly traded but for which no readily available market quotations exist are generally valued on the basis of information furnished by an independent third-party pricing service that uses a valuation matrix which incorporates both dealer-supplied valuations and electronic data processing techniques. To assess the continuing appropriateness of pricing sources and methodologies, the Fair Value Committee regularly performs price verification procedures on behalf of the Adviser and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations or prices received from third-party pricing services are not reflective of the fair value of an investment. Investments that are not publicly traded or whose current market prices or quotations are not readily available, as will be the case for a substantial portion of the Company’s investments, are valued at fair value as determined by the Adviser in good faith pursuant to the Adviser’s Board-approved policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. In determining fair value of the Company’s loan investments the types of factors that the Fair Value Committee may take into account generally include comparison to publicly-traded securities and factors such as yield, maturity and measures of credit quality, the enterprise value of the portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business and other relevant factors. The Fair Value Committee manages the Company’s fair valuation practices and maintains the fair valuation policies and procedures. To assess the continuing appropriateness of pricing sources and methodologies, the Fair Value Committee regularly performs price verification procedures, engages in oversight activities with respect to third-party pricing sources used and issues challenges as necessary. In addition, the Fair Value Committee may rely on third-party valuation services to verify the fair value determinations of certain investments. A third-party valuation service will generally review a portion of the Company’s investments in loans each quarter such that on an annual basis most of the loans’ values will be tested for appropriateness and reliability. The Adviser reports to the Board information regarding the fair valuation process and related material matters. The Board may determine to modify its designation of the Adviser as valuation designee, relating to any or all Company investments, at any time. Valuation techniques used to value the Company’s investments by major category are as follows: ● ● ● ● ● Realized Gains or Losses Realized gains or losses on investments are calculated by using the specific identification method. Securities that have been called by the issuer are recorded at the call price on the call effective date. Investment Income Recognition Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortizations of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. Payment-in-Kind (“PIK”) Income PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through payment-in-kind interest income. Upon conversion to a BDC, in order to satisfy the annual RIC distribution requirements, this non-cash source of income must be included in determining the amounts to be paid out in the form of dividends, even if cash is not yet collected. Fee Income The Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment, syndication and other miscellaneous fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized as income when earned or the services are rendered. Non-Accrual Investments Loans are generally placed on non-accrual status when there is reasonable doubt whether principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. As of September 30, 2024, there were no loans on non-accrual status. Organizational and Offering Costs Organizational costs consist of costs incurred to establish the entity as a Delaware statutory trust and subsequent conversion to a BDC. Organizational costs are expensed as incurred. Offering costs consist of costs incurred in connection with the offering of interests in the partnership and subsequently the BDC. Offering costs are capitalized as a deferred charge and will be amortized to expense on a straight-line basis over twelve months. Additional organizational costs and offering costs may be incurred subsequent to September 30, 2024. Deferred Financing Costs and Debt Issuance Costs Financing costs incurred in connection with the Company’s Credit Facility (as defined below) are capitalized and amortized into expense using the straight-line method, which approximates the effective yield method over the life of the facility. See “Note 5. - Debt.” The Company records origination and other expenses related to its debt obligations as deferred financing costs. The deferred financing cost for all outstanding debt is presented as a direct deduction from the carrying amount of the related debt liability. These expenses are deferred and amortized as part of interest expense using the straight-line method over the stated life of the obligation which approximates the effective yield method. In the event that we modify or extinguish our debt before maturity, the Company follows the guidance in ASC 470-50, Modification and Extinguishments (“ASC470-50”). For extinguishments of our debt, any unamortized deferred financing costs are deducted from the carrying amount of the debt in determining the gain or loss from the extinguishment. Income Taxes As of September 30, 2024, the Company has elected to be taxed as a partnership for U.S. federal income tax purposes, and as such, is not subject to income taxes; the partners are individually responsible for reporting income or loss based on their respective share of the applicable revenues or expenses for income tax purposes. The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. The Company reviews and evaluates tax positions in its major jurisdictions and determines whether or not there are uncertain tax positions that require financial statement recognition. Based on this review, the Company has determined the major tax jurisdictions to be where the Company is organized, where the Company makes investments, and where the General Partner is located; however, no reserves for uncertain tax positions were recorded for the period ended September 30, 2024. The Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. As a result, no tax liability or expense, including interest and penalties, has been recorded in the consolidated financial statements. Generally, the Company’s U.S. federal, state, and local tax returns remain open for examination for a period of three to five years from when they are filed under varying statutes of limitations. The Company intends to elect to be treated, and qualify annually, as a regulated investment company (“RIC”) for U.S. federal income tax purposes as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) upon filing of the tax return on its statutory due date, commencing with its initial taxable year ended December 31, 2024. So long as the BDC maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the BDC would represent obligations of the BDC’s shareholders and would not be reflected in the consolidated financial statements of the BDC. To qualify for and maintain qualification as a RIC, the BDC must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the BDC must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses. In addition, based on the excise tax distribution requirements, the BDC will be subject to a 4% nondeductible federal excise tax on undistributed income unless the BDC distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary net income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the BDC that is subject to corporate income tax is considered to have been distributed. New Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures,

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	(3) RELATED PARTY TRANSACTIONS Expense Support and Conditional Reimbursement Agreement On May 20, 2024, the Company entered into an Amended and Restated Expense Support and Conditional Reimbursement Agreement (the “Expense Support Agreement”) with the Adviser, effective as of February 13, 2024 and pursuant to which the Adviser is able to elect to pay certain expenses of the Company on the Company’s behalf (each, an “Expense Payment”), provided that no portion of the payment will be used to pay shareholders servicing and/or distribution fees of the Company. Any Expense Payment that the Adviser committed to pay is to be paid by the Adviser to the Company in any combination of cash or other immediately available funds and/or offset against amounts due from the Company to the Adviser or its affiliates no later than forty-five (45) days after such obligation was incurred. Pursuant to the Expense Support Agreement, following any calendar month in which Available Operating Funds (as defined below) exceeds the cumulative distributions accrued to the shareholders based on distributions declared with respect to record dates occurring in such calendar month (the “Excess Operating Funds”), the Company shall pay such Excess Operating Funds, or a portion thereof, to the Adviser until such time as all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such calendar month have been reimbursed. Any payments required to be made by the Company to the Adviser are referred to herein as a “Reimbursement Payment”. Available Operating Funds means the sum of (i) the Company’s net investment taxable income (including net short-term capital gains reduced by net long-term capital losses), (ii) the Company’s net capital gains (including the excess of net long-term capital gains over net short-term capital losses) and (iii) dividends and other distributions paid to the Company on account of investments in portfolio companies (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above). The Company may be obligated to make Reimbursement Payments to the Adviser in accordance with the Expense Support Agreement for $1,636 as of September 30, 2024. The Company does not consider the Reimbursement Payment to be probable and estimable as described in ASC 450 “Contingencies”. Due to / Due From Adviser From time to time, the Adviser may pay certain expenses or fees on behalf of the Company. These expenses will be paid by the Company at a future date. As of September 30, 2024, the Company had $700 of expenses which are owed to the Adviser, and are included in Due to Adviser on the Consolidated Statement of Assets and Liabilities. In accordance with the Expense Support Agreement, the Adviser has elected to pay the Company for certain expenses incurred during the period from February 23, 2024 (commencement of operations) to September 30, 2024. The Adviser has elected to pay $1,636 in expenses for the period from February 23, 2024 (commencement of operations) to September 30, 2024, of which $426 remains receivable from the Adviser as of September 30, 2024. Management fee Prior to the Company’s election to be regulated as a BDC, the Company did not pay management fees. During the period ended September 30, 2024, the Company incurred no management fees. Following the BDC Election Date, the Company has begun to accrue management fees. The management fee is payable monthly in arrears at an annual rate of 1.00% of the value of the Company’s net assets as of the beginning of the first calendar day of the applicable month, adjusted for any share issuances or repurchases during the applicable month. For purposes of the Advisory Agreement, net assets mean the Company’s total assets less liabilities determined on a consolidated basis in accordance with accounting principles generally accepted in the United States (“GAAP”). Incentive Fees Prior to the Company’s election to be regulated as a BDC, the Company did not pay incentive fees. During the period ended September 30, 2024, the Company incurred no incentive fees. Following the BDC Election Date, the Company has begun to accrue incentive fees. The incentive fee will consist of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on a percentage of our income and a portion is based on a percentage of our capital gains, each as described below. Incentive Fee Based on Income The portion based on our income is based on Pre-Incentive Fee Net Investment Income Returns attributable to our common shares. “Pre-Incentive Fee Net Investment Income Returns” means dividends, cash interest or other distributions or other cash income and any third-party fees received from portfolio companies such as upfront fees, commitment fees, origination fee, amendment fees, ticking fees and break-up fees, as well as prepayments premiums, but excluding fees for providing managerial assistance and fees earned by the Adviser or an affiliate accrued during the month, minus operating expenses for the month (including the management fee, taxes, any expenses payable under the Advisory Agreement and an Administration Agreement with our Administrator, any expense of securitizations, and interest expense or other financing fees and any dividends paid on preferred stock, but excluding the Incentive Fee and shareholder servicing and/or distribution fees, if any). Pre-Incentive Fee Net Investment Income Returns includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero-coupon securities), accrued income that we have not yet received in cash. Pre-Incentive Fee Net Investment Income Returns do not include any realized capital gains, realized capital losses, or unrealized gain/(loss). Pre-Incentive Fee Net Investment Income Returns, expressed as a rate of return on the value of our net assets at the end of the immediate preceding quarter, adjusted for any Share issuances or repurchases during the applicable quarter in which the Incentive Fee is calculated, is compared to a “hurdle rate” of return of 1.50% per quarter (6.00% annualized). We will pay the Adviser an incentive fee quarterly in arrears with respect to our Pre-Incentive Fee Net Investment Income Returns in each calendar quarter as follows: ● No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which our Pre-Incentive Fee Net Investment Income Returns do not exceed the hurdle rate of 1.50% per quarter (6.00% annualized); ● 100% of the dollar amount of our Pre-Incentive Fee Net Investment Income Returns, if any, that exceeds the hurdle rate but is less than a rate of return of 1.71% (6.84% annualized). We refer to this portion of our Pre-Incentive Fee Net Investment Income Returns (which exceeds the hurdle rate but is less than 1.71%) as the “catch-up.” The “catch-up” is meant to provide the Adviser with approximately 12.5% of our Pre-Incentive Fee Net Investment Income Returns as if a hurdle rate did not apply if this net investment income exceeds 1.71% in any calendar quarter; and ● 12.5% of the dollar amount of our Pre-Incentive Fee Net Investment Income Returns, if any, that exceed a rate of return of 1.71% (6.84% annualized). This reflects that once the hurdle rate is reached and the catch-up is achieved, 12.5% of all Pre-Incentive Fee Net Investment Income Returns thereafter are allocated to the Adviser. These calculations are pro-rated for any period of less than three (3) months and adjusted for any share issuances or repurchases during the relevant quarter. Incentive Fee Based on Capital Gains The second component of the incentive fee, the capital gains incentive fee, is payable at the end of each calendar year in arrears. The amount payable equals: ● 12.5% of cumulative realized capital gains from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid Incentive Fee on capital gains as calculated in accordance with GAAP. Administration Fees From time to time, the Adviser, the Administrator or their affiliates may pay third-party providers of goods or services. Unless such expenses are specifically assumed by the Adviser, Administrator or their affiliates under the Advisory Agreement or Administration Agreement, as applicable, the Company will reimburse the Adviser, the Administrator or such affiliates thereof for any such amounts paid on the Company’s behalf. From time to time, the Adviser or the Administrator may defer or waive fees and/or rights to be reimbursed for expenses. The Company will pay the Administrator a fee payable monthly in arrears at an annual rate of 0.25% of the value of the Company’s net assets as of the beginning of the first calendar day of the applicable month, adjusted for any share issuances or repurchases during the applicable month. Prior to the Company’s election to be regulated as a BDC, the Company did not pay administration fees. During the period ended September 30, 2024, the Company incurred no administration fees. Following the BDC Election Date, the Company has begun to accrue administration fees.

INVESTMENTS

INVESTMENTS	3 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	(4) INVESTMENTS Fair Value Measurement and Disclosures The following table shows the composition of the Company’s investment portfolio as of September 30, 2024, with the fair value disaggregated into the three levels of the fair value hierarchy in accordance with ASC 820: Fair Value Hierarchy Cost Fair Value Level 1 Level 2 Level 3 First Lien Secured Debt $ 312,639 $ 313,562 $ — $ — $ 313,562 Total Investments at Fair Value $ 312,639 $ 313,562 $ — $ — $ 313,562 The following table presents changes in the fair value of the Company’s investments for which Level 3 inputs were used to determine the fair value for the period from February 23, 2024 (commencement of operations) to September 30, 2024: For the period from First Lien Secured Debt Fair value as of February 23, 2024 $ - Purchases 384,230 Sales and repayments (72,223) Net (amortization) accretion on investments 395 Net realized gains (losses) 237 Net change in unrealized gains (losses) 923 Transfers out of Level 3 (1) - Transfers into Level 3 (1) - Fair value as of September 30, 2024 $ 313,562 Net change in unrealized gains (losses) on Level 3 investments still held as of September 30, 2024 $ 923 (1) The following table presents changes in the fair value of the Company’s investments for which Level 3 inputs were used to determine the fair value for the three months ended September 30, 2024: Three Months Ended First Lien Secured Debt Fair value as of June 30, 2024 $ 228,062 Purchases 151,534 Sales and repayments (66,718) Net (amortization) accretion on investments 348 Net realized gains (losses) 237 Net change in unrealized gains (losses) 99 Transfers out of Level 3 (1) - Transfers into Level 3 (1) - Fair value as of September 30, 2024 $ 313,562 Net change in unrealized gains (losses) on Level 3 investments still held as of September 30, 2024 $ 99 (1) The following table summarizes the significant unobservable inputs the Company used to value its investments categorized within Level 3 as of September 30, 2024. In addition to the techniques and inputs noted in the tables below, according to our valuation policy we may also use other valuation techniques and methodologies when determining our fair value measurements. The below table is not intended to be all-inclusive, but rather provide information on the significant unobservable inputs as they relate to the Company’s determination of fair values. The unobservable inputs used in the fair value measurement of our Level 3 investments as of September 30, 2024, were as follows: Quantitative Information about Level 3 Fair Value Measurements Asset Fair Valuation Unobservable Range Weighted (1) First Lien Secured Debt $ 173,548 Income Approach Discount Rate 6.48% - 9.75% 8.42% 140,014 Market Approach Transaction Price n/a n/a Total Level 3 Investments $ 313,562 (1) The significant unobservable input used in yield analysis is the discount rate based on comparable market yields. Significant increases/decreases in discount rates in isolation would result in a significantly lower/higher fair value measurement. The significant unobservable input used in the market approach is the transaction price to acquire the position. There has been no change to the valuation based on the underlying assumptions used at the closing of such transaction. There has been no change to the valuation based on the underlying assumptions used at the closing of such transaction. The significant Joint Venture On April 23, 2024, the Company entered into a joint venture with Stifel Bank & Trust (the “JV partner”). The joint venture is called SBLA Private Credit LLC (the “SBLA JV”). The Company and the JV partner have $200 million and $28.57 million, respectively, in total commitments to SBLA JV, with targeted member ownership interests of approximately 87.5% and 12.5%, respectively. The Company and the JV partner have equal voting rights with respect to the SBLA JV and the SBLA JV’s general partner. The SBLA JV will not be consolidated in the Company’s consolidated financial statements. As of September 30, 2024, the Company had $200 million of commitments to the SBLA JV, all of which are unfunded. SBLA JV held no investments as of September 30, 2024.

DEBT

DEBT	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	(5) DEBT On August 7, 2024, the Company entered into an amendment (the “Amendment”) to an existing Revolving Credit Agreement (the “Credit Facility”) dated February 20, 2024, by and between the Company, as borrower, and Bank of America, as lender. The amendment, among other things, (i) reduced the applicable margin for advances to 2.35% per annum, (ii) increased the available borrowing capacity of the facility to $300 million, and (iii) extended the maturity date of the credit facility to May 14, 2025. In connection with the Credit Facility, the Company has made certain customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar facilities. In addition, the Company shall not incur aggregate indebtedness in an amount (a) in excess of that permitted under the constituent documents and (b) in excess of $5 billion. The Credit Facility contains customary events of default for similar financing transactions. Upon the occurrence and during the continuation of an event of default, lender may terminate the commitments and declare the outstanding advances and all other obligations under the Credit Facility immediately due and payable. As of September 30, 2024, the Company was in compliance with all covenants and other requirements of the Credit Facility. For the three months ended September 30, 2024 and the period from February 23, 2024 (commencement of operations) to September 30, 2024, deferred financing costs of $445 and $1,145, respectively, relating to the Credit Facility have been capitalized and $261 and $516, respectively, have been amortized. The Company’s outstanding debt obligations were as follows: Aggregate Outstanding Less Carrying Value per Credit Facility $ 300,000 $ 190,212 $ 629 $ 189,583 The components of interest expense were as follows: Three Months For the period from Borrowing interest expense $ 3,229 $ 5,835 Facility unused fee 70 207 Amortization of deferred financing costs 261 516 Total $ 3,560 $ 6,558 The following table summarizes the average debt outstanding and the weighted average interest cost: Three Months For the period from Combined weighted average interest rate (1) 7.71% 7.72% Combined weighted average debt outstanding $170,263 $124,626 (1)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	(6) COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company may enter into contracts that provide a variety of general indemnifications. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. Currently, no such claims exist or are expected to arise, and accordingly, the Company has not accrued any liability in connection with such indemnifications. The Company’s investment portfolio contains debt investments which are in the form of lines of credit or delayed draw commitments, which require us to provide funding when requested by portfolio companies in accordance with underlying loan agreements. As of September 30, 2024, the Company had $122,494 of unfunded commitments to fund delayed draw and revolving senior secured loans.

SHAREHOLDERS' CAPITAL

SHAREHOLDERS' CAPITAL	3 Months Ended
	Sep. 30, 2024
Disclosure Text Block Supplement [Abstract]
Shareholders' Equity and Share-Based Payments [Text Block]	(7) SHAREHOLDERS’ CAPITAL As of September 30, 2024, total capital commitments to the Company were $1,030 million, all of which are committed by related parties of the Company. As of September 30, 2024, there were unfunded capital commitments of $902.99 million. For the period from February 23, 2024 (commencement of operations) to September 30, 2024, total proceeds from capital contributions/shares sold were as follows: Date Proceeds Received February 23, 2024 $17,000 March 4, 2024 (1,968) March 25, 2024 10,610 May 21, 2024 46,200 June 27, 2024 8,158 August 16, 2024 17,886 August 29, 2024 15,375 September 27, 2024 13,750 Total $127,011 Effective September 30, 2024, all proceeds received from capital contributions for the period from February 23, 2024 (commencement of operations) to September 30, 2024 were converted into Common Shares, formalizing the unitization of Lord Abbett Private Credit Fund. On this date, 5,080,444 shares were issued and outstanding at a par value of $0.01. After the BDC Election Date, shares will be issued at the NAV per share as of that date. The following table summarizes the Company’s distributions declared and payable for the period from February 23, 2024 (commencement of operations) to September 30, 2024: Date Declared Record Date Payment Date Total Amount June 30, 2024 June 30, 2024 July 24, 2024 $ 1,935 September 30, 2024 September 30, 2024 September 30, 2024 3,574 Total Distributions $ 5,509 The following table shows the components of distributable earnings/(loss) as shown on the Consolidated Statement of Assets and Liabilities: Three Months Ended For the period from Total distributable earnings/(loss), beginning of period $ 824 $ - Net investment income (loss) 3,696 5,631 Net realized gain/(loss) 237 237 Net unrealized gain/(loss) 99 923 Distributions declared (3,574) (5,509) Total distributable earnings/(loss), end of period $ 1,282 $ 1,282

CONSOLIDATED FINANCIAL HIGHLIGH

CONSOLIDATED FINANCIAL HIGHLIGHTS	3 Months Ended
	Sep. 30, 2024
Investment Company, Financial Highlights [Abstract]
Investment Company, Financial Highlights [Text Block]	(8) CONSOLIDATED FINANCIAL HIGHLIGHTS The following are the financial highlights for the period from February 23, 2024 (commencement of operations) to September 30, 2024: For the period from Per Share Data (1) Net asset value, end of period $ 25.25 Shares outstanding at end of period 5,080,444 Total return based on net asset value (2) 8.60% Ratio/Supplemental Data: Net assets at end of period $ 128,293 Ratio of expenses before waivers to average net asset value (3) 20.63% Ratio of net expenses to average net asset value (3) 17.02% Ratio of net investment income to average net asset value (3) 14.99% Portfolio Turnover 38% (1) (2) (3)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Schedule of Subsequent Events [Table Text Block]	(9) SUBSEQUENT EVENTS Subsequent events have been evaluated through the date the consolidated financial statements were issued. There have been no subsequent events that require recognition or disclosure through the date the consolidated financial statements were issued, except as disclosed below. On the BDC Election Date, Lord Abbett Private Credit Fund elected to be regulated as a BDC under the 1940 Act. On October 29, 2024, the Company entered into a revolving credit facility (the “Revolving Credit Facility”) pursuant to a Senior Secured Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, Sumitomo Mitsui Banking Corporation (“SMBC”), as administrative agent (in such capacity, the “Administrative Agent”), each of the lenders and issuing banks party thereto, SMBC, as a joint lead arranger, as a joint book runner and as a syndication agent, and BofA Securities, Inc., as a joint lead arranger, as a joint book runner and as a syndication agent. The Revolving Credit Facility provides for, among other things, borrowings in U.S. dollars or certain other permitted currencies in an initial aggregate amount of up to $300 million, subject to availability under the borrowing base, with an option for the Company to elect at one or more times, subject to certain conditions, to increase the maximum committed amount up to $500 million. The revolving period during which the Company is permitted to borrow, repay and re-borrow advances will terminate on October 27, 2028 (the “Commitment Termination Date”). Any amounts borrowed under the Revolving Credit Facility will mature, and all accrued and unpaid interest thereunder will be due and payable, on October 29, 2029 (the “Maturity Date”). During the period from the Commitment Termination Date to the Maturity Date, the Company will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances. The Company may borrow amounts in U.S. dollars or certain other permitted currencies. Borrowings under the Revolving Credit Facility accrue interest at a rate per annum equal to the relevant rate plus an applicable margin of (a) with respect to any ABR Loan, (i) 0.875% per annum if the Gross Borrowing Base is less than 1.60x the Combined Debt Amount or (ii) 0.75% per annum if the Gross Borrowing Base is greater than or equal to 1.60x the Combined Debt Amount; (b) with respect to any Term Benchmark Loan, (i) 1.875% per annum if the Gross Borrowing Base is less than 1.60x the Combined Debt Amount or (ii) 1.75% per annum if the Gross Borrowing Base is greater than or equal to 1.60x the Combined Debt Amount, and (c) with respect to any RFR Loans, (i) 1.875% per annum if the Gross Borrowing Base is less than 1.60x the Combined Debt Amount or (ii) 1.75% per annum if the Gross Borrowing Base is greater than or equal to 1.60x the Combined Debt Amount. In addition, the Company will pay a non-usage fee of 0.375% on the average daily unused amount of the revolving commitments under the Revolving Credit Facility. Capitalized terms are as defined in the Credit Agreement. On October 30, 2024, an investor in the Company reduced their capital commitment by $219.25 million. Total capital commitments to the Company subsequent to the reduction are $810.75 million. The Company received $16 million of net proceeds from the issuance of Common Shares for subscriptions effective October 3, 2024. The Company received $28.25 million of net proceeds from the issuance of Common Shares for subscriptions effective October 31, 2024.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). As an investment company, the Company applies the accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of income, expenses, gains and losses during the reported periods. Changes in the economic environment, financial markets, credit worthiness of our portfolio companies, and any other parameters used in determining these estimates could cause actual results to differ materially.
Consolidation, Policy [Policy Text Block]	Consolidation As provided under Regulation S-X and ASC 946, the Company will not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiary in the consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. As of September 30, 2024, the Company’s sole consolidated subsidiary was Lord Abbett PCF 1 LLC. The Company does not consolidate SBLA Private Credit LLC (the “SBLA JV”). See Note 4 for further description of the joint venture.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and near maturity, that they present insignificant risk of changes in value because of changes in interest rates. Generally, only securities with a maturity of three months or less from the date of purchase would qualify, with limited exceptions. The Company deems that certain money market funds, U.S. Treasury bills, repurchase agreements, and other high-quality, short-term debt securities would qualify as cash equivalents. Cash and cash equivalents are carried at cost, which approximates fair value. The cash and cash equivalents balance as of September 30, 2024 was $3,996.
Investment, Policy [Policy Text Block]	Investment Transactions Investments are recognized when we assume an obligation to acquire a financial instrument and assume the risks for gains and losses related to that instrument. Investments are derecognized when we assume an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Specifically, we record all security transactions on a trade date basis. Amounts for investments derecognized or recognized but not yet settled are reported as a receivable for investments sold and a payable for investments purchased, respectively, in the Consolidated Statement of Assets and Liabilities.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements The Company follows guidance in ASC 820, Fair Value Measurement ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Level 2: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3: Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may differ materially from the values that would be received upon an actual disposition of such investments.
Investment Valuation Process [Policy]	Investment Valuation Process Pursuant to Rule 2a-5, the Company’s Board of Trustees (the “Board”) has designated the Adviser as the valuation designee responsible for valuing all of the Company’s investments, including making fair valuation determinations as needed. The Adviser has established a fair value committee (the “Fair Value Committee”) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern activities of the Fair Value Committee and the performance of functions required to determine the fair value of a fund’s investments in good faith. These functions include periodically assessing and managing material risks associated with fair value determinations, selecting, applying, reviewing, and testing fair value methodologies, monitoring for circumstances that may necessitate the use of fair value, and overseeing and evaluating pricing services used. In accordance with the Adviser’s policies and procedures, investments, including debt securities, that are publicly traded but for which no readily available market quotations exist are generally valued on the basis of information furnished by an independent third-party pricing service that uses a valuation matrix which incorporates both dealer-supplied valuations and electronic data processing techniques. To assess the continuing appropriateness of pricing sources and methodologies, the Fair Value Committee regularly performs price verification procedures on behalf of the Adviser and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations or prices received from third-party pricing services are not reflective of the fair value of an investment. Investments that are not publicly traded or whose current market prices or quotations are not readily available, as will be the case for a substantial portion of the Company’s investments, are valued at fair value as determined by the Adviser in good faith pursuant to the Adviser’s Board-approved policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. In determining fair value of the Company’s loan investments the types of factors that the Fair Value Committee may take into account generally include comparison to publicly-traded securities and factors such as yield, maturity and measures of credit quality, the enterprise value of the portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business and other relevant factors. The Fair Value Committee manages the Company’s fair valuation practices and maintains the fair valuation policies and procedures. To assess the continuing appropriateness of pricing sources and methodologies, the Fair Value Committee regularly performs price verification procedures, engages in oversight activities with respect to third-party pricing sources used and issues challenges as necessary. In addition, the Fair Value Committee may rely on third-party valuation services to verify the fair value determinations of certain investments. A third-party valuation service will generally review a portion of the Company’s investments in loans each quarter such that on an annual basis most of the loans’ values will be tested for appropriateness and reliability. The Adviser reports to the Board information regarding the fair valuation process and related material matters. The Board may determine to modify its designation of the Adviser as valuation designee, relating to any or all Company investments, at any time. Valuation techniques used to value the Company’s investments by major category are as follows: ● ● ● ● ●
Realized Gains or Losses [Policy]	Realized Gains or Losses Realized gains or losses on investments are calculated by using the specific identification method. Securities that have been called by the issuer are recorded at the call price on the call effective date.
Investment Income Recognition [Policy]	Investment Income Recognition Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortizations of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. Payment-in-Kind (“PIK”) Income PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through payment-in-kind interest income. Upon conversion to a BDC, in order to satisfy the annual RIC distribution requirements, this non-cash source of income must be included in determining the amounts to be paid out in the form of dividends, even if cash is not yet collected. Fee Income The Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment, syndication and other miscellaneous fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized as income when earned or the services are rendered. Non-Accrual Investments Loans are generally placed on non-accrual status when there is reasonable doubt whether principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. As of September 30, 2024, there were no loans on non-accrual status.
Organization and Offering Costs [Policy]	Organizational and Offering Costs Organizational costs consist of costs incurred to establish the entity as a Delaware statutory trust and subsequent conversion to a BDC. Organizational costs are expensed as incurred. Offering costs consist of costs incurred in connection with the offering of interests in the partnership and subsequently the BDC. Offering costs are capitalized as a deferred charge and will be amortized to expense on a straight-line basis over twelve months. Additional organizational costs and offering costs may be incurred subsequent to September 30, 2024.
Deferred Charges, Policy [Policy Text Block]	Deferred Financing Costs and Debt Issuance Costs Financing costs incurred in connection with the Company’s Credit Facility (as defined below) are capitalized and amortized into expense using the straight-line method, which approximates the effective yield method over the life of the facility. See “Note 5. - Debt.” The Company records origination and other expenses related to its debt obligations as deferred financing costs. The deferred financing cost for all outstanding debt is presented as a direct deduction from the carrying amount of the related debt liability. These expenses are deferred and amortized as part of interest expense using the straight-line method over the stated life of the obligation which approximates the effective yield method. In the event that we modify or extinguish our debt before maturity, the Company follows the guidance in ASC 470-50, Modification and Extinguishments (“ASC470-50”). For extinguishments of our debt, any unamortized deferred financing costs are deducted from the carrying amount of the debt in determining the gain or loss from the extinguishment.
Income Tax, Policy [Policy Text Block]	Income Taxes As of September 30, 2024, the Company has elected to be taxed as a partnership for U.S. federal income tax purposes, and as such, is not subject to income taxes; the partners are individually responsible for reporting income or loss based on their respective share of the applicable revenues or expenses for income tax purposes. The Company recognizes the tax benefits of uncertain tax positions only where the position is “more likely than not” to be sustained assuming examination by tax authorities. The Company reviews and evaluates tax positions in its major jurisdictions and determines whether or not there are uncertain tax positions that require financial statement recognition. Based on this review, the Company has determined the major tax jurisdictions to be where the Company is organized, where the Company makes investments, and where the General Partner is located; however, no reserves for uncertain tax positions were recorded for the period ended September 30, 2024. The Company is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. As a result, no tax liability or expense, including interest and penalties, has been recorded in the consolidated financial statements. Generally, the Company’s U.S. federal, state, and local tax returns remain open for examination for a period of three to five years from when they are filed under varying statutes of limitations. The Company intends to elect to be treated, and qualify annually, as a regulated investment company (“RIC”) for U.S. federal income tax purposes as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) upon filing of the tax return on its statutory due date, commencing with its initial taxable year ended December 31, 2024. So long as the BDC maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the BDC would represent obligations of the BDC’s shareholders and would not be reflected in the consolidated financial statements of the BDC. To qualify for and maintain qualification as a RIC, the BDC must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the BDC must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses. In addition, based on the excise tax distribution requirements, the BDC will be subject to a 4% nondeductible federal excise tax on undistributed income unless the BDC distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary net income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the BDC that is subject to corporate income tax is considered to have been distributed.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures,

INVESTMENTS (Tables)

INVESTMENTS (Tables)	3 Months Ended
	Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investment [Table Text Block]	The following table shows the composition of the Company’s investment portfolio as of September 30, 2024, with the fair value disaggregated into the three levels of the fair value hierarchy in accordance with ASC 820: Fair Value Hierarchy Cost Fair Value Level 1 Level 2 Level 3 First Lien Secured Debt $ 312,639 $ 313,562 $ — $ — $ 313,562 Total Investments at Fair Value $ 312,639 $ 313,562 $ — $ — $ 313,562
Fair Value, Separate Account Investment [Table Text Block]	The following table presents changes in the fair value of the Company’s investments for which Level 3 inputs were used to determine the fair value for the period from February 23, 2024 (commencement of operations) to September 30, 2024: For the period from First Lien Secured Debt Fair value as of February 23, 2024 $ - Purchases 384,230 Sales and repayments (72,223) Net (amortization) accretion on investments 395 Net realized gains (losses) 237 Net change in unrealized gains (losses) 923 Transfers out of Level 3 (1) - Transfers into Level 3 (1) - Fair value as of September 30, 2024 $ 313,562 Net change in unrealized gains (losses) on Level 3 investments still held as of September 30, 2024 $ 923 (1) Three Months Ended First Lien Secured Debt Fair value as of June 30, 2024 $ 228,062 Purchases 151,534 Sales and repayments (66,718) Net (amortization) accretion on investments 348 Net realized gains (losses) 237 Net change in unrealized gains (losses) 99 Transfers out of Level 3 (1) - Transfers into Level 3 (1) - Fair value as of September 30, 2024 $ 313,562 Net change in unrealized gains (losses) on Level 3 investments still held as of September 30, 2024 $ 99 (1)
Schedule of Servicing Assets at Fair Value [Table Text Block]	The unobservable inputs used in the fair value measurement of our Level 3 investments as of September 30, 2024, were as follows: Quantitative Information about Level 3 Fair Value Measurements Asset Fair Valuation Unobservable Range Weighted (1) First Lien Secured Debt $ 173,548 Income Approach Discount Rate 6.48% - 9.75% 8.42% 140,014 Market Approach Transaction Price n/a n/a Total Level 3 Investments $ 313,562 (1)

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	The Company’s outstanding debt obligations were as follows: Aggregate Outstanding Less Carrying Value per Credit Facility $ 300,000 $ 190,212 $ 629 $ 189,583
Interest Income and Interest Expense Disclosure [Table Text Block]	The components of interest expense were as follows: Three Months For the period from Borrowing interest expense $ 3,229 $ 5,835 Facility unused fee 70 207 Amortization of deferred financing costs 261 516 Total $ 3,560 $ 6,558
Schedule of Other Ownership Interests [Table Text Block]	The following table summarizes the average debt outstanding and the weighted average interest cost: Three Months For the period from Combined weighted average interest rate (1) 7.71% 7.72% Combined weighted average debt outstanding $170,263 $124,626 (1)

SHAREHOLDERS' CAPITAL (Tables)

SHAREHOLDERS' CAPITAL (Tables)	3 Months Ended
	Sep. 30, 2024
Disclosure Text Block Supplement [Abstract]
Proceeds From Capital Contributions [Table Text Block]	For the period from February 23, 2024 (commencement of operations) to September 30, 2024, total proceeds from capital contributions/shares sold were as follows: Date Proceeds Received February 23, 2024 $17,000 March 4, 2024 (1,968) March 25, 2024 10,610 May 21, 2024 46,200 June 27, 2024 8,158 August 16, 2024 17,886 August 29, 2024 15,375 September 27, 2024 13,750 Total $127,011
Schedule of Dividends Payable [Table Text Block]	The following table summarizes the Company’s distributions declared and payable for the period from February 23, 2024 (commencement of operations) to September 30, 2024: Date Declared Record Date Payment Date Total Amount June 30, 2024 June 30, 2024 July 24, 2024 $ 1,935 September 30, 2024 September 30, 2024 September 30, 2024 3,574 Total Distributions $ 5,509
Distributable Earnings [Table Text Block]	The following table shows the components of distributable earnings/(loss) as shown on the Consolidated Statement of Assets and Liabilities: Three Months Ended For the period from Total distributable earnings/(loss), beginning of period $ 824 $ - Net investment income (loss) 3,696 5,631 Net realized gain/(loss) 237 237 Net unrealized gain/(loss) 99 923 Distributions declared (3,574) (5,509) Total distributable earnings/(loss), end of period $ 1,282 $ 1,282

CONSOLIDATED FINANCIAL HIGHLI_2

CONSOLIDATED FINANCIAL HIGHLIGHTS (Tables)	7 Months Ended
	Sep. 30, 2024
Investment Company, Financial Highlights [Abstract]
Investment Company, Financial Highlights [Table Text Block]	The following are the financial highlights for the period from February 23, 2024 (commencement of operations) to September 30, 2024: For the period from Per Share Data (1) Net asset value, end of period $ 25.25 Shares outstanding at end of period 5,080,444 Total return based on net asset value (2) 8.60% Ratio/Supplemental Data: Net assets at end of period $ 128,293 Ratio of expenses before waivers to average net asset value (3) 20.63% Ratio of net expenses to average net asset value (3) 17.02% Ratio of net investment income to average net asset value (3) 14.99% Portfolio Turnover 38% (1) (2) (3)

ORGANIZATION (Details)

ORGANIZATION (Details) - Lord Abbett Private Credit Fund [Member]	Sep. 30, 2024 USD ($) shares
ORGANIZATION (Details) [Line Items]
Common Stock, Shares, Issued | shares	5,080,444
Common Stock, Value, Issued | $	$ 0.01

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Accounting Policies [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 3,996

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	7 Months Ended
	Sep. 30, 2024 USD ($)
Related Party Transactions [Abstract]
Due to Correspondent Brokers	$ 700
Costs and Expenses, Related Party	1,636
Due from Correspondent Brokers	$ 426

INVESTMENTS (Details)

INVESTMENTS (Details) $ in Thousands	Apr. 23, 2024 USD ($)
Lord Abbett Private Credit Fund [Member]
INVESTMENTS (Details) [Line Items]
Other Ownership Interests, Contributed Capital	$ 200,000
Investment Owned, Net Assets, Percentage	87.50%
Stifel Bank & Trust [Member]
INVESTMENTS (Details) [Line Items]
Other Ownership Interests, Contributed Capital	$ 28,570
Investment Owned, Net Assets, Percentage	12.50%

INVESTMENTS (Details) - Schedul

INVESTMENTS (Details) - Schedule of Fair Value $ in Thousands	Sep. 30, 2024 USD ($)
INVESTMENTS (Details) - Schedule of Fair Value [Line Items]
Cost	$ 312,639
Total Investments at Fair Value	313,562
Fair Value, Inputs, Level 3 [Member]
INVESTMENTS (Details) - Schedule of Fair Value [Line Items]
Total Investments at Fair Value	313,562
First Lien Secured Debt [Member]
INVESTMENTS (Details) - Schedule of Fair Value [Line Items]
Cost	312,639
Total Investments at Fair Value	313,562
First Lien Secured Debt [Member] | Fair Value, Inputs, Level 3 [Member]
INVESTMENTS (Details) - Schedule of Fair Value [Line Items]
Total Investments at Fair Value	$ 313,562

INVESTMENTS (Details) - Sched_2

INVESTMENTS (Details) - Schedule of Changes in Fair Value - USD ($) $ in Thousands		3 Months Ended	7 Months Ended
		Sep. 30, 2024	Sep. 30, 2024
Schedule Of Changes In Fair Value Abstract
Fair value as of		$ 228,062
Net change in unrealized gains (losses) on Level 3 investments still held as of September 30, 2024		99	$ 923
Purchases		151,534	384,230
Sales and repayments		(66,718)	(72,223)
Net (amortization) accretion on investments		348	395
Net realized gains (losses)		237	237
Net change in unrealized gains (losses)		99	923
Transfers out of Level 3(1)	[1]
Transfers into Level 3(1)	[1]
Fair value as of	[2],[3],[4]	$ 313,562	$ 313,562
[1]For the period from February 23, 2024 (commencement of operations) to September 30, 2024, there were no transfers out of/into Level 3.[2]All investments are valued using unobservable inputs (Level 3), unless otherwise noted (see “Note 2. Significant Accounting Policies and Note 4. Investments”).[3]Unless otherwise indicated, debt investments held by the Company are denominated in USD dollars. All debt investments are income producing unless otherwise indicated.[4]Unless otherwise indicated, issuers of debt held by the Company are domiciled in the United States.

INVESTMENTS (Details) - Sched_3

INVESTMENTS (Details) - Schedule of Quantitative Information - Fair Value, Inputs, Level 3 [Member] $ in Thousands	3 Months Ended
	Sep. 30, 2024 USD ($)
Servicing Assets at Fair Value [Line Items]
Fair Value (in Dollars)	$ 313,562
Valuation, Income Approach [Member] | First Lien Secured Debt [Member]
Servicing Assets at Fair Value [Line Items]
Fair Value (in Dollars)	$ 173,548
Valuation Technique	Income Approach
Unobservable Input	Discount Rate
Range, Minimum	6.48%
Range, Maximum	9.75%
Weighted Average	8.42%	[1]
Valuation, Market Approach [Member] | First Lien Secured Debt [Member]
Servicing Assets at Fair Value [Line Items]
Fair Value (in Dollars)	$ 140,014
Valuation Technique	Market Approach
Unobservable Input	Transaction Price
Range, Minimum
Range, Maximum
Weighted Average		[1]
[1]Weighted averages are calculated based on fair value of investments.

DEBT (Details)

DEBT (Details) - USD ($)	3 Months Ended	7 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Aug. 07, 2024
Debt Disclosure [Abstract]
Margin For Advances			2.35%
Debt Instrument, Unused Borrowing Capacity, Amount			$ 300,000,000
Investment Maturity Date			May 14, 2025
Deferred Policy Acquisition Cost, Capitalization	$ 445	$ 1,145
Amortization of Deferred Charges	$ 261	$ 516

DEBT (Details) - Schedule of Ou

DEBT (Details) - Schedule of Outstanding Debt Obligations $ in Thousands	Sep. 30, 2024 USD ($)
Schedule Of Outstanding Debt Obligations Abstract
Aggregate Borrowing Capacity	$ 300,000
Outstanding Principal	190,212
Less Unamortized Deferred Financing Costs	629
Carrying Value per Consolidated Statement of Assets and Liabilities	$ 189,583

DEBT (Details) - Schedule of Co

DEBT (Details) - Schedule of Components of Interest Expense - USD ($) $ in Thousands	3 Months Ended	7 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Schedule Of Components Of Interest Expense Abstract
Borrowing interest expense	$ 3,229	$ 5,835
Facility unused fee	70	207
Amortization of deferred financing costs	261	516
Total	$ 3,560	$ 6,558

DEBT (Details) - Schedule of Av

DEBT (Details) - Schedule of Average Debt Outstanding - USD ($) $ in Thousands		3 Months Ended	7 Months Ended
		Sep. 30, 2024	Sep. 30, 2024
Schedule Of Average Debt Outstanding Abstract
Combined weighted average interest rate (1)	[1]	7.71%	7.72%
Combined weighted average debt outstanding		$ 170,263	$ 124,626
[1]Excludes unused fees, amortization of financing costs.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
	$ 122,494

SHAREHOLDERS' CAPITAL (Details)

SHAREHOLDERS' CAPITAL (Details) $ / shares in Units, $ in Thousands	Sep. 30, 2024 USD ($) $ / shares shares
Disclosure Text Block Supplement [Abstract]
Additional Paid in Capital	$ 1,030,000
Unfunded Capital	$ 902,990
Common Stock, Shares, Issued (in Shares) | shares	5,080,444
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares	$ 0.01

SHAREHOLDERS' CAPITAL (Detail_2

SHAREHOLDERS' CAPITAL (Details) - Schedule of Total Proceeds from Capital Contributions/Shares - USD ($) $ in Thousands									3 Months Ended	7 Months Ended
	Sep. 27, 2024	Aug. 29, 2024	Aug. 16, 2024	Jun. 27, 2024	May 21, 2024	Mar. 25, 2024	Mar. 04, 2024	Feb. 23, 2024	Sep. 30, 2024	Sep. 30, 2024
Schedule Of Total Proceeds From Capital Contributions Shares Abstract
Balance	$ 13,750	$ 15,375	$ 17,886	$ 8,158	$ 46,200	$ 10,610	$ (1,968)	$ 17,000	$ 47,011	$ 127,011

SHAREHOLDERS' CAPITAL (Detail_3

SHAREHOLDERS' CAPITAL (Details) - Schedule of Company's Distributions Declared - USD ($) $ in Thousands	3 Months Ended	4 Months Ended	7 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024
Schedule Of Companys Distributions Declared Abstract
Date Delcared	Sep. 30, 2024	Jun. 30, 2024
Record Date	Sep. 30, 2024	Jun. 30, 2024
Payment Date	Sep. 30, 2024	Jul. 24, 2024
Total Amount	$ 3,574	$ 1,935	$ 5,509

SHAREHOLDERS' CAPITAL (Detail_4

SHAREHOLDERS' CAPITAL (Details) - Schedule of Distributable Earnings - USD ($) $ in Thousands	3 Months Ended	7 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Schedule Of Distributable Earnings Abstract
Total distributable earnings/(loss)	$ 824
Net investment income (loss)	3,696	$ 5,631
Net realized gain/(loss)	237	237
Net unrealized gain/(loss)	99	923
Distributions declared	(3,574)	(5,509)
Total distributable earnings/(loss)	$ 1,282	$ 1,282

CONSOLIDATED FINANCIAL HIGHLI_3

CONSOLIDATED FINANCIAL HIGHLIGHTS (Details) - Schedule of Finanaicl Highlights - USD ($) $ / shares in Units, $ in Thousands		7 Months Ended
		Sep. 30, 2024	Jun. 30, 2024
Per Share Data(1):
Net asset value, end of period (in Dollars per share)	[1]	$ 25.25
Shares outstanding at end of period (in Shares)	[1]	5,080,444
Total return based on net asset value	[2]	8.60%
Ratio/Supplemental Data:
Net assets at end of period (in Dollars)		$ 128,293	$ 80,824
Ratio of expenses before waivers to average net asset value	[3]	20.63%
Ratio of net expenses to average net asset value	[3]	17.02%
Ratio of net investment income to average net asset value	[3]	14.99%
Portfolio Turnover		38%
[1]Prior to September 30, 2024, the Company was not unitized, and therefore no per share roll forward is disclosed.[2]Total returns of less than 1 year are not annualized.[3]Annualized for the period from February 23, 2024 (commencement of operations) to September 30, 2024. Organization costs and expense reimbursement are not annualized.

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 03, 2024	Oct. 30, 2024
Subsequent Events [Abstract]
Other Commitment			$ 810,750
Proceeds from Issuance of Common Stock	$ 28,250	$ 16,000