{"url_path":"/sec/cik-0002041841/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/2041841/0000930413-26-001613-index.html","accession_number":"0000930413-26-001613","cik":"0002041841","ticker":null,"issuer_name":"Lord Abbett Private Credit Fund S","edgar_url":"https://www.sec.gov/Archives/edgar/data/2041841/0000930413-26-001613-index.html","primary_entity_key":"0002041841","primary_entity_name":"Lord Abbett Private Credit Fund S"},"word_count":1245,"has_tables":true,"body_markdown":"**UNITED STATES\nSECURITIES AND EXCHANGE COMMISSION**\n\n**WASHINGTON, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n☒  **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For the quarterly period ended March 31, 2026**\n\n \n\n☐  **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n** **\n\n**Commission File Number: 814-01843**\n\n \n\n**Lord Abbett Private Credit Fund S**\n\n**(Exact name of registrant as specified\nin its charter)**\n\n \n\n**Delaware**   **99-5126353**\n\n(State or other jurisdiction of\n\nincorporation or organization)   (I.R.S. Employer Identification Number)\n\n     \n\n**30 Hudson Street Jersey City, New Jersey**   **07302**\n\n(Address of principal executive offices)   (Zip Code)\n\n \n\n**(888) 522-2388**\n\n(Registrant’s telephone number, including\narea code)\n\n**Securities registered pursuant to\nSection 12(b) of the Act:**\n\n \n\n**Title of each class**\n \n**Trading Symbol(s)**\n \n**Name of each exchange on which registered**\n\nNone\n \nNone\n \nNone\n\n \n\nIndicate by check mark whether the registrant (1) has filed\nall reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or\nfor such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements\nfor the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted\nelectronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this\nchapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒\nNo ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated\nfiler, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions\nof “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging\ngrowth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer ☐ Accelerated filer ☐\n\n       \n\nNon-accelerated filer ☒ Smaller reporting company ☐\n\n       \n\n    Emerging growth company ☒\n\n \n\nIf an emerging growth company, indicate by check mark if the\nregistrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards\nprovided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company\n(as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\n \n\nAs of May 14, 2026, the registrant had 7,870,375 shares of common stock, $0.01 par value per share, outstanding.\n\n \n\n**Lord Abbett Private Credit Fund S**\n\n \n\nQuarterly Report\non Form 10-Q for the Quarter Ended March 31, 2026\n\n \n\n[Cautionary\nStatement Regarding Forward-Looking Statements](#x2_c116313a001)\n2\n\n \n \n\n[Part\nI. Financial Information](#x2_c116313a002)\n3\n\n \n \n \n\n[Item 1.](#x2_c116313a003)\n[CONSOLIDATED\nFINANCIAL STATEMENTS (UNAUDITED)](#x2_c116313a003)\n3\n\n \n \n \n\n \n[Consolidated\nStatements of Assets and Liabilities (Unaudited)](#x2_c116313a004)\n3\n\n \n \n \n\n \n[Consolidated\nStatements of Operations (Unaudited)](#x2_c116313a005)\n4\n\n \n \n \n\n \n[Consolidated\nStatements of Changes in Net Assets (Unaudited)](#x2_c116313a006)\n5\n\n \n \n \n\n \n[Consolidated\nStatement of Cash Flows (Unaudited)](#x2_c116313a007)\n6\n\n \n \n \n\n \n[Consolidated\nSchedules of Investments (Unaudited)](#x2_c116313a008)\n7\n\n \n \n \n\n \n[Notes\nto the Consolidated Financial Statements (Unaudited)](#x2_c116313a009)\n19\n\n \n \n \n\n[Item 2.](#x2_c116313a010)\n[Management’s\nDiscussion and Analysis of Financial Condition and Results of Operations](#x2_c116313a010)\n43\n\n \n \n \n\n[Item 3.](#x2_c116313a011)\n[Quantitative\nand Qualitative Disclosures About Market Risks](#x2_c116313a011)\n51\n\n \n \n \n\n[Item 4.](#x2_c116313a012)\n[Controls\nand Procedures](#x2_c116313a012)\n51\n\n \n \n\n[Part\nII. Other Information](#x2_c116313a013)\n53\n\n \n \n \n\n[Item 1.](#x2_c116313a014)\n[Legal\nProceedings](#x2_c116313a014)\n53\n\n \n \n \n\n[Item 1A.](#x2_c116313a015)\n[Risk Factors](#x2_c116313a015)\n53\n\n \n \n \n\n[Item 2.](#x2_c116313a016)\n[Unregistered\nSales of Equity Securities and Use of Proceeds](#x2_c116313a016)\n53\n\n \n \n \n\n[Item 3.](#x2_c116313a017)\n[Defaults\nUpon Senior Securities](#x2_c116313a017)\n53\n\n \n \n \n\n[Item 4.](#x2_c116313a018)\n[Mine Safety\nDisclosures](#x2_c116313a018)\n53\n\n \n \n \n\n[Item 5.](#x2_c116313a019)\n[Other\nInformation](#x2_c116313a019)\n53\n\n \n \n \n\n[Item 6.](#x2_c116313a020)\n[Exhibits](#x2_c116313a020)\n53\n\n \n \n\n[Signatures](#x2_c116313a021)\n55\n\n1\n\n**CAUTIONARY\nSTATEMENT REGARDING FORWARD-LOOKING STATEMENTS**\n\nThis Quarterly Report on Form 10-Q contains forward-looking\nstatements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and\nother factors and you should not place undue reliance on such statements. These forward-looking statements are not historical facts,\nbut rather are based on current expectations, estimates and projections about us, our current and prospective portfolio investments,\nour industry, our beliefs and opinions and our assumptions. We are externally managed by the Adviser, a registered investment adviser\nunder the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Words such as “anticipates,”\n“expects,” “intends,” “plans,” “will,” “may,” “continue,”\n“believes,” “seeks,” “estimates,” “would,” “could,” “should,”\n“targets,” “projects,” “potential,” “predicts,” and variations of these words and\nsimilar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance\nand are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could\ncause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including:\n\n \n\n●our future operating results;\n\n \n\n●our business prospects and the prospects of our portfolio companies;\n\n \n\n●risk associated with possible disruptions in our operations or the economy generally;\n\n \n\n●changes in the general interest rate environment;\n\n \n\n●general economic, political and industry trends and other external factors, including uncertainty surrounding the financial\nand political stability of the United States and other countries;\n\n \n\n●our contractual arrangements and relationships with third parties;\n\n \n\n●actual and potential conflicts of interest with our Adviser and its affiliates;\n\n \n\n●the dependence of our future success on the general economy and its effect on the industries in which we invest;\n\n \n\n●the ability of our portfolio companies to achieve their objectives;\n\n \n\n●the use of borrowed money to finance a portion of our investments;\n\n \n\n●the adequacy of our financing sources and working capital;\n\n \n\n●the timing and amount of cash flows, if any, from the operations of our portfolio companies;\n\n \n\n●the ability of our Adviser to locate suitable investments for us and to monitor and administer our investments;\n\n \n\n●the ability of our Adviser and its affiliates to attract and retain highly talented professionals;\n\n \n\n●our ability to qualify and maintain our qualification as a BDC and as a regulated investment company (“RIC”) under\nthe Internal Revenue Code of 1986, as amended (the “Code”);\n\n \n\n●the impact on our business of U.S. and international financial reform legislation, rules and regulations;\n\n \n\n●the effect of changes in tax laws and regulations and interpretations thereof; and\n\n \n\n●the risks, uncertainties and other factors we identify under “Item 1A. Risk Factors” and elsewhere in this Quarterly\nReport on Form 10-Q.\n\n \n\nAlthough we believe that the assumptions on which these forward-looking\nstatements are based are reasonable, any of the assumptions could prove to be inaccurate, and as a result, the forward-looking\nstatements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection\nor forward-looking statements in this Quarterly Report on Form 10-Q should not be regarded as a representation by us that our plans\nand objectives will be achieved. This Quarterly Report on Form 10-Q contains forward-looking statements, which may relate to future\nevents or our future performance or financial condition and involves numerous risks and uncertainties, including, but not limited\nto, those described or identified in the section entitled “Item 1A. Risk Factors” and elsewhere in this Quarterly Report\non Form 10-Q. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this\nQuarterly Report on Form 10-Q. Moreover, we assume no duty and do not undertake to update the forward-looking statements. You are\nadvised to consult any additional disclosures that we make directly to you or through reports that we may file with the SEC in\nthe future, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.\n\n2\n\n**Lord Abbett Private Credit Fund S\nConsolidated Statements of Assets and Liabilities (Unaudited)\n(in thousands, except share amounts, per share data, percentages, and as otherwise\nnoted)**\n\n \n\n**PART I - FINANCIAL INFORMATION**"}