10-K Filing

AGL PRIVATE CREDIT INCOME FUND CIK: 2011498 FY 2024

Filing Information

Form Type	10-K
Accession Number	`0000950170-25-038042`
Period End Date	20241231
Filing Date	20250312
Fiscal Year	2024
Fiscal Period	FY
XBRL Instance	ck0002011498-20241231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 64 Cash Flow Statement 66

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Amortized cost	`InvestmentOwnedAtCost`	$472.41M	USD	Point-in-time
Amortized cost	`InvestmentOwnedAtCost`	$472.41M	USD	Point-in-time
Non-controlled, non-affiliated investments (amortized cost $472,411)	`InvestmentOwnedAtFairValue`	$473.13M	USD	Point-in-time
Non-controlled, non-affiliated investments (amortized cost $472,411)	`InvestmentOwnedAtFairValue`	$473.13M	USD	Point-in-time
Net of deferred financing costs	`DeferredFinancingCosts`	$6.59M	USD	Point-in-time
Net of deferred financing costs	`DeferredFinancingCosts`	$6.59M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.62M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$4.92M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$4.92M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	8.76M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	8.76M	shares	Point-in-time
Interest receivable	`InterestReceivable`	$2.70M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$2.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.76M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.76M	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$765.00K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$765.00K	USD	Point-in-time
Receivable from Adviser	`ReceivableFromAdviser`	$6.25M	USD	Point-in-time
Receivable from Adviser	`ReceivableFromAdviser`	$6.25M	USD	Point-in-time
Other assets	`OtherAssets`	$366.00K	USD	Point-in-time
Other assets	`OtherAssets`	$366.00K	USD	Point-in-time
Total Assets	`Assets`	$619.74M	USD	Point-in-time
Total Assets	`Assets`	$619.74M	USD	Point-in-time
Debt (Net of deferred financing costs of $6,592)	`DebtInstrumentCarryingAmount`	$384.60M	USD	Point-in-time
Debt (Net of deferred financing costs of $6,592)	`DebtInstrumentCarryingAmount`	$384.60M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$3.60M	USD	Point-in-time
Interest payable	`InterestPayableCurrentAndNoncurrent`	$3.60M	USD	Point-in-time
Base management fees payable	`ManagementFeePayable`	$263.00K	USD	Point-in-time
Base management fees payable	`ManagementFeePayable`	$263.00K	USD	Point-in-time
Income incentive fees payable	`IncentiveFeePayable`	$365.00K	USD	Point-in-time
Income incentive fees payable	`IncentiveFeePayable`	$365.00K	USD	Point-in-time
Distributions payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Distributions payable	`AccountsPayableCurrent`	$2.50M	USD	Point-in-time
Payable to Adviser	`PayableToAdviser`	$6.79M	USD	Point-in-time
Payable to Adviser	`PayableToAdviser`	$6.79M	USD	Point-in-time
Payable to Affiliates	`PayableToAffiliates`	$829.00K	USD	Point-in-time
Payable to Affiliates	`PayableToAffiliates`	$829.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$398.96M	USD	Point-in-time
Total Liabilities	`Liabilities`	$398.96M	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, $0.001 par value, unlimited shares authorized, 8,758,495 issued and outstanding	`CommonStockValue`	$9.00K	USD	Point-in-time
Common shares, $0.001 par value, unlimited shares authorized, 8,758,495 issued and outstanding	`CommonStockValue`	$9.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$219.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$219.97M	USD	Point-in-time
Accumulated distributable earnings	`RetainedEarningsAccumulatedDeficit`	$798.00K	USD	Point-in-time
Accumulated distributable earnings	`RetainedEarningsAccumulatedDeficit`	$798.00K	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	-	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	-	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$220.78M	USD	Point-in-time
Total Net Assets	`StockholdersEquity`	$220.78M	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$619.74M	USD	Point-in-time
Total Liabilities and Net Assets	`LiabilitiesAndStockholdersEquity`	$619.74M	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	-	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	-	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$25.21	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$25.21	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$7.39M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$7.39M	USD	Annual
Total investment income	`InvestmentIncomeNet`	$7.39M	USD	Annual
Total investment income	`InvestmentIncomeNet`	$7.39M	USD	Annual
Interest and other financing expenses	`InterestAndDebtExpense`	$3.89M	USD	Annual
Interest and other financing expenses	`InterestAndDebtExpense`	$3.89M	USD	Annual
Base management fees	`InvestmentCompanyGeneralPartnerAdvisoryService`	$263.00K	USD	Annual
Base management fees	`InvestmentCompanyGeneralPartnerAdvisoryService`	$263.00K	USD	Annual
Income incentive fees	`IncentiveFeeExpense`	$365.00K	USD	Annual
Income incentive fees	`IncentiveFeeExpense`	$365.00K	USD	Annual
Capital gain incentive fees	`CapitalGainIncentiveFees`	$89.00K	USD	Annual
Capital gain incentive fees	`CapitalGainIncentiveFees`	$89.00K	USD	Annual
Capital gain incentive fees	`CapitalGainIncentiveFees`	$89.00K	USD	1 Quarter
Capital gain incentive fees	`CapitalGainIncentiveFees`	$89.00K	USD	1 Quarter
Organizational costs	`OrganizationalCosts`	$2.73M	USD	Annual
Organizational costs	`OrganizationalCosts`	$2.73M	USD	Annual
Offering costs	`NoninterestExpenseOfferingCost`	$188.00K	USD	Annual
Offering costs	`NoninterestExpenseOfferingCost`	$188.00K	USD	Annual
Administrative service fees	`AdministrativeFeesExpense`	$829.00K	USD	Annual
Administrative service fees	`AdministrativeFeesExpense`	$829.00K	USD	Annual
Professional fees	`ProfessionalFees`	$1.33M	USD	Annual
Professional fees	`ProfessionalFees`	$1.33M	USD	Annual
Board of trustee fees	`TrusteeFees`	$284.00K	USD	Annual
Board of trustee fees	`TrusteeFees`	$284.00K	USD	Annual
Other general expenses	`OtherGeneralExpense`	$1.20M	USD	Annual
Other general expenses	`OtherGeneralExpense`	$1.20M	USD	Annual
Total expenses	`OperatingExpenses`	$11.16M	USD	Annual
Total expenses	`OperatingExpenses`	$11.16M	USD	Annual
Capital gain incentive fee waived	`CapitalGainIncentiveFeeWaived`	$-89.00K	USD	Annual
Capital gain incentive fee waived	`CapitalGainIncentiveFeeWaived`	$-89.00K	USD	Annual
Expense reimbursement	`ExpenseReimbursement`	$-6.25M	USD	Annual
Expense reimbursement	`ExpenseReimbursement`	$-6.25M	USD	Annual
Net expenses	`OtherOperatingIncomeExpenseNet`	$-4.83M	USD	Annual
Net expenses	`OtherOperatingIncomeExpenseNet`	$-4.83M	USD	Annual
Net investment income (loss)	`NetInvestmentIncome`	$2.56M	USD	Annual
Net investment income (loss)	`NetInvestmentIncome`	$2.56M	USD	Annual
Net unrealized appreciation (depreciation) from investments	`InvestmentOwnedUnrealizedAppreciationDepreciationNet`	$-715.00K	USD	Annual
Net unrealized appreciation (depreciation) from investments	`InvestmentOwnedUnrealizedAppreciationDepreciationNet`	$-715.00K	USD	Annual
Net increase (decrease) in net assets resulting from operations	`NetAssetsFromOperationsIncreaseDecrease`	$3.27M	USD	Annual
Net increase (decrease) in net assets resulting from operations	`NetAssetsFromOperationsIncreaseDecrease`	$3.27M	USD	Annual
Earnings per common share, basic	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Earnings per common share, basic	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Earnings per common share, basic	`EarningsPerShareBasic`	$0.77	USD	Annual
Earnings per common share, basic	`EarningsPerShareBasic`	$0.77	USD	Annual
Earnings per common share, diluted	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Earnings per common share, diluted	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Earnings per common share, diluted	`EarningsPerShareDiluted`	$0.77	USD	Annual
Earnings per common share, diluted	`EarningsPerShareDiluted`	$0.77	USD	Annual
Net investment income per common share, basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.60	USD	1 Quarter
Net investment income per common share, basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.60	USD	1 Quarter
Net investment income per common share, basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.60	USD	Annual
Net investment income per common share, basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.60	USD	Annual
Net investment income per common share, diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.60	USD	1 Quarter
Net investment income per common share, diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.60	USD	1 Quarter
Net investment income per common share, diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.60	USD	Annual
Net investment income per common share, diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.60	USD	Annual
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.25M	shares	Annual
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.25M	shares	Annual
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.25M	shares	1 Quarter
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.25M	shares	1 Quarter
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	Annual
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	Annual
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	1 Quarter
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.25M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.62M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$4.92M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$4.92M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$136.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$136.54M	USD	Point-in-time
Net increase (decrease) in net assets from operations	`ProfitLoss`	$3.27M	USD	Annual
Net increase (decrease) in net assets from operations	`ProfitLoss`	$3.27M	USD	Annual
Net change in unrealized (appreciation) depreciation on investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$715.00K	USD	Annual
Net change in unrealized (appreciation) depreciation on investments	`UnrealizedGainLossInvestmentAndDerivativeOperatingAfterTax`	$715.00K	USD	Annual
Net accretion of discount and amortization of premium	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$164.00K	USD	Annual
Net accretion of discount and amortization of premium	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$164.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$-283.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredLoanOriginationFeesNet`	$-283.00K	USD	Annual
Amortization of offering costs	`AmortizationOfFinancingCosts`	$188.00K	USD	Annual
Amortization of offering costs	`AmortizationOfFinancingCosts`	$188.00K	USD	Annual
Payments for purchase of investments	`PaymentsForPurchaseOfInvestmentOperatingActivity`	$474.48M	USD	Annual
Payments for purchase of investments	`PaymentsForPurchaseOfInvestmentOperatingActivity`	$474.48M	USD	Annual
Proceeds from sale of investments and principal repayments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$2.23M	USD	Annual
Proceeds from sale of investments and principal repayments	`ProceedsFromDispositionOfInvestmentOperatingActivity`	$2.23M	USD	Annual
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.70M	USD	Annual
Interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.70M	USD	Annual
Receivable from Adviser	`IncreaseDecreaseInAccountsReceivable`	$6.25M	USD	Annual
Receivable from Adviser	`IncreaseDecreaseInAccountsReceivable`	$6.25M	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$366.00K	USD	Annual
Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$366.00K	USD	Annual
Base management fees payable	`IncreaseDecreaseInManagementFeePayable`	$263.00K	USD	Annual
Base management fees payable	`IncreaseDecreaseInManagementFeePayable`	$263.00K	USD	Annual
Income incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$365.00K	USD	Annual
Income incentive fees payable	`IncreaseDecreaseInIncentiveFeePayable`	$365.00K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$3.60M	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$3.60M	USD	Annual
Payable to Adviser	`IncreaseDecreaseInPayablesToBrokerDealers`	$6.79M	USD	Annual
Payable to Adviser	`IncreaseDecreaseInPayablesToBrokerDealers`	$6.79M	USD	Annual
Payable to Affiliates	`IncreaseDecreaseInDueToAffiliates`	$829.00K	USD	Annual
Payable to Affiliates	`IncreaseDecreaseInDueToAffiliates`	$829.00K	USD	Annual
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-466.84M	USD	Annual
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-466.84M	USD	Annual
Debt Borrowings	`ProceedsFromBankDebt`	$601.24M	USD	Annual
Debt Borrowings	`ProceedsFromBankDebt`	$601.24M	USD	Annual
Debt Repayments	`RepaymentsOfBankDebt`	$210.04M	USD	Annual
Debt Repayments	`RepaymentsOfBankDebt`	$210.04M	USD	Annual
Deferred offering costs paid	`PaymentsOfStockIssuanceCosts`	$953.00K	USD	Annual
Deferred offering costs paid	`PaymentsOfStockIssuanceCosts`	$953.00K	USD	Annual
Capitalized debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$6.88M	USD	Annual
Capitalized debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$6.88M	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$220.01M	USD	Annual
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$220.01M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$603.38M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$603.38M	USD	Annual
Net increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$136.54M	USD	Annual
Net increase in cash and cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$136.54M	USD	Annual
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.54M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Accrued but unpaid debt financing costs	`AccruedButUnpaidDebtFinancingCosts`	-	USD	Annual
Accrued but unpaid debt financing costs	`AccruedButUnpaidDebtFinancingCosts`	-	USD	Annual
Accrued but unpaid offering costs	`AccruedButUnpaidOfferingCosts`	-	USD	Annual
Accrued but unpaid offering costs	`AccruedButUnpaidOfferingCosts`	-	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.