Investment company with $1,425,995,000 total assets and $532,953,000 net assets as of December 31, 2025; net asset value per share $23.37.

I can rewrite this summary in markdown. Please confirm the exact company name you want used as the H1 title (the title must be just the company name, nothing else).

AGL Private Credit Income Fund is a newly established investment company focused on providing attractive risk-adjusted returns primarily through senior secured loans to U.S. companies.

# AGL Private Credit Income Fund: Company Overview

## General Information
- **Name**: AGL Private Credit Income Fund
- **Incorporated**: Originally established as AGL Private Credit Income Fund LP on January 18, 2024; converted to a Delaware statutory trust on September 12, 2024.
- **Regulation**: Elected to be regulated as a Business Development Company (BDC) on October 11, 2024.
- **Headquarters**: 535 Madison Avenue, 24th Floor, New York, NY 10022
- **Website**: [AGL Private Credit Income Fund](http://www.aglprivatecreditfund.com)

## Business Model and Investment Strategy
AGL Private Credit Income Fund is an externally managed, non-diversified closed-end management investment company that focuses primarily on:

1. **Investment Focus**:
   - Targeting floating rate senior secured loans in U.S. companies, mainly first lien senior secured loans, but may also invest in second liens, unsecured debt, and equity.
   - The emphasis on **upper middle-market companies** which typically have characteristics favorable to investors, such as operational scale and product/service diversity.

2. **Investment Objective**:
   - To generate attractive risk-adjusted returns primarily through current investment income and, to a lesser extent, capital appreciation, while limiting volatility.

3. **Investment Strategy**:
   - Create balanced portfolios with directly originated investments.
   - Utilize a proprietary 10-D Portfolio Construction Framework focused on credit quality, diversification, and portfolio balance.

4. **Advisory Services**:
   - Managed by AGL US DL Management LLC, which provides investment advisory and management services.
   - The strategy is supported by a cooperation agreement with Barclays to enhance investment sourcing.

## Financial Performance
- **Investment Portfolio as of December 31, 2024**: Fair value of approximately $473,126,000.
- **Number of Portfolio Companies**: 17
- **Revenue**: 
  - Total investment income for the period from January 18, 2024, to December 31, 2024, was $7,388,000, primarily sourced from interest income.
  
- **Net Income**: $2,558,000 for the same period.

## Management and Operations
- **Employees**: The company operates primarily through its adviser and does not have direct employees; it relies on AGL US DL Management LLC for management services.
- **Management Fees**:
  - Base Management Fee: 1.25% of the average value of net assets.
  - Incentive Fee: Paid based on the performance of the portfolio.
  
## Capital Structure
- **Total Debt Outstanding**: $391.196 million, with various financial commitments. Investments are financed through a combination of capital raised from shareholders and borrowings.
- **Shareholder Structure**: As of March 12, 2025, approximately 8,758,654 common shares of beneficial interest were outstanding.

## Risks and Considerations
- The company operates in a competitive environment and relies on the performance of its investment adviser.
- Investments are subject to risks typical of private credit, including credit risk and the impacts of economic downturns.
- The company’s income may involve complexities like pre-paid loans and deferred interest payments, impacting cash flow for dividends.

## Summary
AGL Private Credit Income Fund seeks to provide investors with solid investment returns through a focus on senior secured loans to U.S. companies, with a careful management strategy that emphasizes risk-adjusted returns and capital preservation. Being newly established, the company is actively leveraging its relationships and resources to build its investment portfolio while encountering the challenges and complexities inherent in the private credit market.

AGL Private Credit Income Fund

10-K / March 12, 2026

10-K / March 12, 2025

10-K / March 12, 2026