# EDGAR Filing Document

**Accession Number:** 0001709406
**File Stem:** 0001145549-25-057620
**Filing Date:** 2025-8
**Character Count:** 6448
**Document Hash:** e30ce0ca4ac581e6515eb2d31417318e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057620.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057620

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIP Alternative Lending Fund P
- **CENTRAL INDEX KEY:** 0001709406

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23266
- **FILM NUMBER:** 251281783

**BUSINESS ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 610.260.7600

**MAIL ADDRESS:**
- **STREET 1:** 1585 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Nport-Ex

**Item 1. Schedule of Investments.** 

The Registrant invests substantially all of its assets in AIP Alternative Lending Fund A (CIK 0001709447, Investment Company Act file number 811-23265, the "Master Fund"). As of June 30, 2025, the Registrant invested $482,807,192 in the Master Fund, representing 99.01% of the Registrant's net assets (along with approximately 0.99% of other assets, less liabilities), and representing 39.49% of the Master Fund's net assets. The Master Fund has included a schedule of investments as of June 30, 2025, in its filing on Form N-PORT made available on the Securities and Exchange Commission website at http://www.sec.gov.

**Notes to Schedule of Investments** 

**Portfolio Valuation** 

AIP Alternative Lending Fund P (the "Fund") is a "Feeder" fund in a "Master-Feeder" structure whereby the Fund invests substantially all of its assets in the Master Fund. Valuation of investments held by the Master Fund, including the Master Fund's disclosure of investments under the three-tier hierarchy, is discussed in the notes to the Master Fund's schedule of investments. The Fund records its investment in the Master Fund at fair value, which is represented by the Fund's proportionate interest in the net assets of the Master Fund.

**Income Taxes**

The Fund intends to comply with the requirements of Subchapter M of the Code applicable to regulated investment companies and to distribute substantially all of its taxable income to its Shareholders. Therefore, no provision for federal income tax is required. The Fund files tax returns with the U.S. Internal Revenue Service and various states. The Fund may be subject to taxes imposed by countries which it invests. Such taxes are generally based on income earned or gains realized or repatriated. Taxes are accrued and applied to net investment income, net realized capital gains and net realized appreciation, as applicable, as the income is earned or capital gains are recorded. The Fund has concluded there are no significant uncertain tax positions that would require recognition in the financial statements as of June 30, 2025. If applicable, the Fund recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in other expenses in the Consolidated Statement of Operations.

As of June 30, 2025, the cost and related gross unrealized appreciation and depreciation for tax purposes were as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;Cost of investments for tax purposes | $&nbsp;&nbsp;568116027 |
| &nbsp;&nbsp;Gross tax unrealized appreciation | $&nbsp;&nbsp;- |
| &nbsp;&nbsp;Gross tax unrealized depreciation | &nbsp;&nbsp;(85308835) |
| &nbsp;&nbsp;Net tax unrealized appreciation/depreciation on investments | $&nbsp;&nbsp;(85308835) |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** AIP Alternative Lending Fund P

- **b. Investment Company Act file number:** 811-23266

- **c. CIK number of Registrant:** 0001709406

- **d. LEI of Registrant:** 549300EMKW8WMY259802

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Front Street

  - **City:** West Conshohocken

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428

  - **Telephone number:** 610-260-7600

**Item A.2. Information about the Series.**

- **a. Name of Series:** AIP Alternative Lending Fund P

- **c. LEI of Series:** 549300EMKW8WMY259802

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $491958834.21

**Total Liabilities:** $4344360.98

**Net Assets:** $487614473.23

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.47%                | 0.49%                | 0.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5953072.06             | $8643915.86                                |
| Month 2  | $0.00                    | $2816481.64                                |
| Month 3  | $-4161.28                | $-7122815.18                               |

### Schedule of Portfolio Investments

| Name                           | Title                          | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AIP Alternative Lending Fund A | AIP Alternative Lending Fund A | CUSIP: 00144A104<br>LEI: N/A | Long             | EC               | RF                | US        |    532529 | NS      | $482807192.05 | 99.01%            |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** AIP Alternative Lending Fund P

**Signature:** /s/ Francis J. Smith

**Name of Signer:** Francis J. Smith

**Title:** Treasurer