# EDGAR Filing Document

**Accession Number:** 0002043597
**File Stem:** 0000910472-26-003325
**Filing Date:** 2026-2
**Character Count:** 12624
**Document Hash:** 9699e5f4ddb8d849d0294de826abb444
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003325.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003325

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Private Debt & Income Fund
- **CENTRAL INDEX KEY:** 0002043597

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24020
- **FILM NUMBER:** 26697468

**BUSINESS ADDRESS:**
- **STREET 1:** 2030 1ST AVENUE
- **STREET 2:** 3RD FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98121
- **BUSINESS PHONE:** 404 736 7802

**MAIL ADDRESS:**
- **STREET 1:** 2030 1ST AVENUE
- **STREET 2:** 3RD FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98121

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **PRIVATE DEBT AND INCOME FUND** | **PRIVATE DEBT AND INCOME FUND** | **PRIVATE DEBT AND INCOME FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **PRIVATE INVESTMENT FUNDS - 95.4%** | **Shares** | **Value** |
| Antares Private Credit Fund <sup>(a)(b)</sup> | &nbsp;&nbsp;1342904 | &nbsp;&nbsp;$33814311 |
| Apollo Asset Backed Credit Company <sup>(a)(b)</sup> | &nbsp;&nbsp;2224527 | &nbsp;&nbsp; 57325174 |
| Basepoint Income Solutions Evergreen Fund <sup>(a)(b)</sup> | &nbsp;&nbsp;61177296 | &nbsp;&nbsp; 61177296 |
| Blue Owl Alternative Credit Fund <sup>(a)(b)</sup> | &nbsp;&nbsp;5027152 | &nbsp;&nbsp; 50070430 |
| CVC Private Credit Fund S.A. <sup>(a)(b)</sup> | &nbsp;&nbsp;172556 | &nbsp;&nbsp; 17411132 |
| Golub Capital Private Credit Fund <sup>(a)(b)</sup> | &nbsp;&nbsp;1430505 | &nbsp;&nbsp; 35977190 |
| HPS Corporate Lending Fund <sup>(a)(b)</sup> | &nbsp;&nbsp;1426039 | &nbsp;&nbsp; 35964692 |
| TPG Twin Brook Capital Income Fund <sup>(a)(b)</sup> | &nbsp;&nbsp;1390880 | &nbsp;&nbsp; 35036273 |
| Whitehawk Capital Partners Evergreen Fund, LP <sup>(a)(b)</sup> | &nbsp;&nbsp;16350000 | &nbsp;&nbsp; 16488144 |
| **TOTAL PRIVATE INVESTMENT FUNDS** (Cost $343,738,534) | **TOTAL PRIVATE INVESTMENT FUNDS** (Cost $343,738,534) | &nbsp;&nbsp; $343264642 |
| **MONEY MARKET SECURITIES - 5.4%** | **Shares** | **Value** |
| Federated Treasury Obligations Fund - Institutional Shares, 3.62% <sup>(c)</sup> (Cost $19,318,054) | &nbsp;&nbsp;19318054 | &nbsp;&nbsp;$19318054 |
| **TOTAL INVESTMENTS AT VALUE - 100.8%** (Cost $363,056,588) | **TOTAL INVESTMENTS AT VALUE - 100.8%** (Cost $363,056,588) | &nbsp;&nbsp;$362582696 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.8%)** | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.8%)** | &nbsp;&nbsp; (2687157) |
| **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | &nbsp;&nbsp;$359895539 |

---

<sup>(a)</sup> Investment is valued using the Fund's pro rata net asset value (or its equivalent) as a practical expedient. <br> <sup>(b)</sup> Restricted investments as to resale. <br> <sup>(c)</sup> The rate shown is the 7-day effective yield as of December 31, 2025.

LP — Limited Partnerships

**PRIVATE DEBT AND INCOME FUND** 

**SCHEDULE OF INVESTMENTS (Continued)** 

**Restricted Securities -** Restricted securities are securities that may be resold only upon registration under federal securities laws or in transactions exempt from such registration. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer's expense either upon demand by the Fund or in connection with another registered offering of the securities. Many restricted securities may be resold in the secondary market in transactions exempt from registration. Such restricted securities may be determined to be liquid under criteria established by the Board. The restricted securities may be valued at the price provided by dealers in the secondary market or, if no market prices are available, the fair value as determined in good faith in accordance with the Fund's Pricing and Fair Valuation policies. Portfolio Funds generally are restricted securities that are subject to substantial holding periods and are not traded in public markets. The Fund may not be able to resell some of its investments for extended periods, which may be several years.

Additional information on the restricted investments held by the Fund at December 31, 2025 is as follow:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security Description** | **Acquisition Date** | **Cost** | **Value** | **% of Net Assets** |
| **PRIVATE INVESTMENT FUNDS** |  |  |  |  |
| Antares Private Credit Fund | 5/1/2025 | $33824145 | $33814311 | 9.4% |
| Apollo Asset Backed Credit Company | 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57250067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57325174 | 15.9% |
| Basepoint Income Solutions Evergreen Fund | 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61177296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61177296 | 17.0% |
| Blue Owl Alternative Credit Fund | 9/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50646324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50070430 | 13.9% |
| CVC Private Credit Fund S.A. | 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17375589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17411132 | 4.8% |
| Golub Capital Private Credit Fund | 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35974139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35977190 | 10.0% |
| HPS Corporate Lending Fund | 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36014074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35964692 | 10.0% |
| TPG Twin Brook Capital Income Fund | 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35126900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35036273 | 9.8% |
| Whitehawk Capital Partners Evergreen Fund, LP | 7/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16488144 | 4.6% |
|  |  | $343738534 | $343264642 | 95.4% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Private Debt & Income Fund

- **b. Investment Company Act file number:** 811-24020

- **c. CIK number of Registrant:** 0002043597

- **d. LEI of Registrant:** 254900JJENF6CGVVH677

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

  - **Street Address 1:** 2030 1st Avenue

  - **City:** Seattle

  - **State:** WA

  - **Foreign country:** US

  - **Zip / Postal Code:** 98121

  - **Telephone number:** 206-258-5000

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

- **a. Name of Series:** Private Debt & Income Fund

- **c. LEI of Series:** 254900JJENF6CGVVH677

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $368945949.61

**Total Liabilities:** $9050411.01

**Net Assets:** $359895538.60

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.79%                | 0.63%                | 0.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $520632.52                                 |
| Month 2  | $0.00                    | $162728.87                                 |
| Month 3  | $0.00                    | $-1123123.93                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A    | Federated Treasury Obligations Fund Institutional Shares | CUSIP: N/A<br>LEI: N/A | Long             | STIV             | CORP              | US        |  19318054 | PA      | $19318053.63  | 5.37%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A    | CVC Private Credit Fund S.A.                             | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    172556 | NS      | $17411131.59  | 4.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A    | Basepoint Income Solutions Evergreen Fund                | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |  61177296 | NS      | $61177295.55  | 17.00%            |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A    | HPS Corporate Lending Fund Evergreen Fund                | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1426039 | NS      | $35964692.39  | 9.99%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A    | Golub Capital Private Credit Fund                        | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1430505 | NS      | $35977189.97  | 10.00%            |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A    | Antares Private Credit Fund Evergreen Fund               | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1342904 | NS      | $33814311.06  | 9.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A    | Apollo Asset Backed Credit Company Evergreen Fund        | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   2224527 | NS      | $57325174.98  | 15.93%            |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A    | TPG Twin Brook Capital Income Fund Evergreen Fund        | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1390880 | NS      | $35036272.59  | 9.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A    | Whitehawk Capital Partners Evergreen Fud Evergreen Fund  | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |  16350000 | NS      | $16488143.80  | 4.58%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Blue Owl Alternative Credit Fund                         | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   5027152 | NS      | $50070429.98  | 13.91%            |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Private Debt & Income Fund

**Signature:** Private Debt & Income Fund

**Name of Signer:** Sarah Criger

**Title:** VP Fund Accounting