[1]	Generally, the interest rate on floating interest rate investments is at benchmark rate plus spread, subject to an interest rate floor. The borrower has an option to choose the benchmark rate, such as the Secured Overnight Financing Rate including adjustment, if any (“S”) or the U.S. Prime Rate (“P”). The spread may change based on the type of rate used. The terms in the Consolidated Schedule of Investments disclose the actual interest rate in effect as of the reporting period. S loans are typically indexed to 30-day, 90-day or 180-day rates (1M, 3M or 6M, respectively) at the borrower’s option. As of December 31, 2024, rates for 1M S, 3M S and 6M S are 4.33% ,4.31%, and 4.25%, respectively. As of December 31, 2024, the P was 7.50%. For investments with multiple reference rates or alternate base rates, the interest rate shown is the weighted average interest rate in effect at December 31, 2024.
[2]	Percentages are based on net assets
[3]	Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of Financial Accounting Standards Board’s Accounting Standards Codification 820 fair value hierarchy.
[4]	Unless otherwise indicated, all securities represent co-investments made with the Fund’s affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission. See Note 3 “Related Party Transactions”.
[5]	As of December 31, 2023, qualifying assets represented 92.29% of total assets. Under the 1940 Act we may not acquire any non-qualifying assets unless, at the time the acquisition is made, qualifying assets represent at least 70% of our total assets.
[6]	Generally, the interest rate on floating interest rate investments is at benchmark rate plus spread. The borrower has an option to choose the benchmark rate, such as the Secured Overnight Financing Rate including adjustment, if any (“SOFR”) or the U.S. Prime rate. The spread may change based on the type of rate used. The terms in the Consolidated Schedule of Investments disclose the actual interest rate in effect as of the reporting period. SOFR loans are typically indexed to 30-day, 60-day, 90-day or 180-day rates (1M, 3M or 6M, respectively) at the borrower’s option. SOFR loans may be subject to interest floors. As of December 31, 2023, rates for weekly 1M S, 3M S and 6M S are 5.34%, 5.36% and 5.35%, respectively. As of December 31, 2023, the U.S. Prime rate was 8.5%.
[7]	Percentages are based on net assets.
[8]	Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of Financial Accounting Standards Board’s Accounting Standards Codification 820 fair value hierarchy.
[9]	Unless otherwise indicated, all securities represent co-investments made with the Fund’s affiliates in accordance with the terms of the exemptive relief received from the U.S. Securities and Exchange Commission. See Note 3 “Related Party Transactions”. Industry sectors have been updated with the addition of new sub-industries and moving some industries to relevant sub-industries.
[10]	Position, or a portion thereof, has been segregated to collateralize ABPCI Direct Lending Fund CLO XIII Ltd..
[11]	Positions considered non-qualified assets therefore excluded from the qualifying assets calculation as noted in footnote + above.
[12]	Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. The unfunded loan commitment may be subject to a commitment termination date, that may expire prior to the maturity date stated. See Note 6 “Commitments and Contingencies”.
[13]	The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.
[14]	Position, or a portion thereof, has been segregated to collateralize ABPCI Direct Lending Fund CLO VI Ltd.
[15]	Position, or a portion thereof, has been segregated to collateralize ABPCIC Funding II, LLC.
[16]	Position or Portion thereof are pledged as collateral for the Collateralized Loan Obligations or Credit Facilities (as defined below). See Note 4 “Borrowings.”
[17]	The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Fund may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Fund’s total assets. As of December 31, 2024, the aggregate fair value of these securities is $70,919,755 or 4.19% of the Fund’s total assets.
[18]	Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. The unfunded loan commitment may be subject to a commitment termination date, that may expire prior to the maturity date stated. See Note 7 “Commitments and Contingencies”.
[19]	Excluded from the ASC 820 fair value hierarchy as fair value is measured using the net asset value ("NAV") as a practical expedient. Underlying investments are private equity entities generally created to aggregate capital for a single investment, with the exception of AB Equity Investors, L.P., which invests in multiple investments. These investments are generally not redeemable.
[20]	Categorized as Level 1 assets under the definition of ASC 820 fair value hierarchy.
[21]	The rate shown is the annualized seven-day yield as of December 31, 2024
[22]	Categorized as Level 1 assets under the definition of ASC 820 fair value hierarchy.
[23]	Included within ‘Cash and cash equivalents’ on the Consolidated Statements of Assets and Liabilities.
[24]	The rate shown is the annualized seven-day yield as of December 31, 2023.
[25]	Excluded from the ASC 820 fair value hierarchy as fair value is measured using the net asset value per share practical expedient.
[26]	Included within ‘Cash and cash equivalents’ on the Consolidated Statements of Assets and Liabilities.
[27]	Securities exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities”. As of December 31, 2024, the aggregate fair value of these securities is $20,860,222 or 3.44% of the Fund’s net assets.
[28]	Aggregate gross unrealized appreciation for federal income tax purposes is $12,889,328; aggregate gross unrealized depreciation for federal income tax purposes is $31,169,850. Net unrealized depreciation is $18,280,522 based upon a tax cost basis of $1,329,401,106.
[29]	Non-income producing investment.
[30]	Position or portion thereof is held through a consolidated subsidiary.
[31]	Non-controlled affiliated investment. See Note 3 “Related Party Transactions”.
[32]	^^^ Non-controlled affiliated investment. See Note 3 “Related Party Transactions”.
[33]	Position, or a portion thereof, has been segregated to collateralize ABPCIC Funding IV, LLC.
[34]	The investment is on non-accrual status. See Note 2 “Significant Accounting Policies.”
[35]	This investment has multiple reference rates or alternate base rates. The All-in interest rate shown is the weighted average interest rate in effect at December 31, 2023.
[36]	The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.
[37]	The investment is on non-accrual status. See Note 2 “Significant Accounting Policies.”
[38]	Controlled affiliated investment. See Note 3 “Related Party Transactions”.
[39]	Non-income producing investment, unless otherwise noted.
[40]	Categorized as Level 2 assets under the definition of ASC 820 fair value hierarchy.

- Details

Name:	us-gaap_InvestmentIdentifierAxis=U.S.Corporate Debt \| 1st Lien/Senior Secured Debt \| Mathnasium LLC \| Consumer Non-Cyclical \| Revolver \| 10.53% (S + 5.00%; 0.75% Floor) \| 11/15/2027
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

- Details

Name:	us-gaap_InvestmentIdentifierAxis=U.S.Corporate Debt \| 1st Lien/Senior Secured Debt \| Mathnasium LLC \| Consumer Non-Cyclical \| Term Loan \| 10.53% (S + 5.00%; 0.75% Floor) \| 11/15/2027
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: