Key Highlights

• Fund’s aggregate NAV stands at approximately $319.4 million, with debt of about $209.0 million.

• Unregistered sale of Class M and Class I units finalized on June 26, 2026.

• Portfolio comprises 60 companies, 97% of fair value located in North America.

Partners Group Lending Fund disclosed an unregistered sale of its Class M and Class I units on June 1, 2026. The transaction, finalized on June 26, 2026, adds new units to the fund’s capital structure while maintaining its current investment strategy.

Unregistered Equity Sale

The fund’s unregistered equity sale involved the issuance of additional units, a move that expands the capital base without a public offering. This approach aligns with the fund’s strategy to attract qualified investors while preserving flexibility in capital management.

Net Asset Value and Debt Profile

As of May 31, 2026, the fund reported an aggregate net asset value of approximately $319.4 million. The valuation incorporates debt obligations of about $209.0 million, indicating a leveraged position that supports the fund’s lending activities. The NAV reflects fair‑value assessments approved by the board of directors.

The distribution will be made on or about July 30, 2026, either in cash or through a reinvestment plan that allows participants to acquire additional units. This payout aims to deliver returns to investors while providing a reinvestment avenue.

Portfolio Composition

The fund’s holdings span 60 portfolio companies as of May 31, 2026. While specific industry allocations were not disclosed, the concentration of investments underscores a diversified approach across multiple sectors. The portfolio’s scale supports the fund’s objective of generating stable lending income.

Geographic Concentration

Fair‑value analysis shows that 97% of the portfolio’s exposure resides in North America, with the remaining 3% allocated to Asia and the Rest of World. European exposure stands at 0%. This geographic tilt highlights the fund’s focus on the North American market, which dominates its investment landscape.

Outlook for Investors

The combination of a sizable NAV, defined debt level, and a forthcoming distribution positions the fund to continue delivering income to its investors. The heavy North American weighting suggests limited geographic diversification, a factor investors may monitor as market conditions evolve.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.