# EDGAR Filing Document

**Accession Number:** 0002017579
**File Stem:** 0001193125-25-292914
**Filing Date:** 2025-11
**Character Count:** 18718
**Document Hash:** 2000f4dbb2b646aeced1f992079599da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292914.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292914

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Privacore PCAAM Alternative Income Fund
- **CENTRAL INDEX KEY:** 0002017579

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23961
- **FILM NUMBER:** 251510834

**BUSINESS ADDRESS:**
- **STREET 1:** 1411 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 212-479-2907

**MAIL ADDRESS:**
- **STREET 1:** 1411 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Privacore PCAAM Alternative Income Fund

- **b. Investment Company Act file number:** 811-23961

- **c. CIK number of Registrant:** 0002017579

- **d. LEI of Registrant:** 52990037GMGYWCN2YK58

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

  - **Street Address 1:** 1411 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 2124792907

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

- **a. Name of Series:** Privacore PCAAM Alternative Income Fund

- **c. LEI of Series:** 52990037GMGYWCN2YK58

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $43550534.86

**Total Liabilities:** $1359206.06

**Net Assets:** $42191328.80

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.27%                | 1.07%                | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $40.52                   | $-62443.08                                 |
| Month 2  | $2401.15                 | $179237.15                                 |
| Month 3  | $10909.10                | $26635.17                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| IMS HOLDING -TL 05/29/2025   /                | IMS HOLDING -TL 05/29/2025   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     83631 | PA      | $83630.56     | 0.20%             | 2027-07-26      | Variable      | 9.51%                 | Yes           | 3                  | On Loan: No      |
| IMS HOLDING -TL 05/29/2025   /                | IMS HOLDING -TL 05/29/2025   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    167461 | PA      | $167460.83    | 0.40%             | 2027-07-26      | Variable      | 9.61%                 | Yes           | 3                  | On Loan: No      |
| JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2470 | PA      | $2470.36      | 0.01%             | 2030-03-03      | Variable      | 9.71%                 | Yes           | 3                  | On Loan: No      |
| JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     56818 | PA      | $56818.20     | 0.13%             | 2030-03-03      | Fixed         | 11.75%                | Yes           | 3                  | On Loan: No      |
| JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9881 | PA      | $9881.41      | 0.02%             | 2030-03-03      | Variable      | 9.63%                 | Yes           | 3                  | On Loan: No      |
| JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     17292 | PA      | $17292.49     | 0.04%             | 2030-03-03      | Variable      | 9.59%                 | Yes           | 3                  | On Loan: No      |
| JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | JTM FOODS HOSTESS REVOLVER 03/03/2030   /     | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     12352 | PA      | $12351.77     | 0.03%             | 2030-03-03      | Fixed         | 0.50%                 | Yes           | 3                  | On Loan: No      |
| JTM FOODS HOSTESS -TL 3/03/2030   /           | JTM FOODS HOSTESS -TL 3/03/2030   /           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    898931 | PA      | $898930.67    | 2.13%             | 2030-03-03      | Variable      | 9.57%                 | Yes           | 3                  | On Loan: No      |
| KNPC HOLDCO 4TH TL TERM LOAN MAN VARGAO   /   | KNPC HOLDCO 4TH TL TERM LOAN MAN VARGAO   /   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997500 | PA      | $988839.13    | 2.34%             | 2029-10-22      | Variable      | 10.05%                | Yes           | 3                  | On Loan: No      |
| Pediatric Home Respi -TL 12/23/2030   /       | Pediatric Home Respi -TL 12/23/2030   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    764750 | PA      | $763019.95    | 1.81%             | 2030-12-23      | Variable      | 9.01%                 | Yes           | 3                  | On Loan: No      |
| Pediatric Home Respi DDTL 12/23/2030   /      | Pediatric Home Respi DDTL 12/23/2030   /      | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $149836.03    | 0.36%             | 2030-12-23      | Fixed         | 1.00%                 | Yes           | 3                  | On Loan: No      |
| Pediatric Home Respi REVOLVER 12/23/2030   /  | Pediatric Home Respi REVOLVER 12/23/2030   /  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     13333 | PA      | $13303.17     | 0.03%             | 2030-12-23      | Variable      | 9.01%                 | Yes           | 3                  | On Loan: No      |
| Pediatric Home Respi REVOLVER 12/23/2030   /  | Pediatric Home Respi REVOLVER 12/23/2030   /  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     16667 | PA      | $16629.86     | 0.04%             | 2030-12-23      | Variable      | 9.01%                 | Yes           | 3                  | On Loan: No      |
| Pediatric Home Respi REVOLVER 12/23/2030   /  | Pediatric Home Respi REVOLVER 12/23/2030   /  | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     53333 | PA      | $53216.94     | 0.13%             | 2030-12-23      | Fixed         | 0.50%                 | Yes           | 3                  | On Loan: No      |
| Velocity Buyer Am Pa -TL 12/23/2030   /       | Velocity Buyer Am Pa -TL 12/23/2030   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    748125 | PA      | $742997.52    | 1.76%             | 2030-12-23      | Variable      | 9.57%                 | Yes           | 3                  | On Loan: No      |
| Velocity Buyer Am P REVOLVER 12/23/2030   /   | Velocity Buyer Am P REVOLVER 12/23/2030   /   | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250000 | PA      | $248338.98    | 0.59%             | 2030-12-23      | Fixed         | 0.50%                 | Yes           | 3                  | On Loan: No      |
| ACP OAK BUYER, INC DELAYED DRAW   /           | ACP OAK BUYER, INC DELAYED DRAW   /           | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    140845 | PA      | $140510.29    | 0.33%             | 2031-06-09      | Fixed         | 1.00%                 | Yes           | 3                  | On Loan: No      |
| ACP OAK BUYER, INC Incremental DDTL   /       | ACP OAK BUYER, INC Incremental DDTL   /       | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    140845 | PA      | $140510.29    | 0.33%             | 2031-06-09      | Fixed         | 1.00%                 | Yes           | 3                  | On Loan: No      |
| ACP OAK BUYER, INC REVOLVER   /               | ACP OAK BUYER, INC REVOLVER   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    126761 | PA      | $126158.33    | 0.30%             | 2031-06-09      | Fixed         | 0.50%                 | Yes           | 3                  | On Loan: No      |
| ACP OAK BUYER, INC TERM LOAN   /              | ACP OAK BUYER, INC TERM LOAN   /              | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    591549 | PA      | $588704.02    | 1.40%             | 2031-06-09      | Variable      | 8.87%                 | Yes           | 3                  | On Loan: No      |
| ECLIPSE ADVANTAGE, L -TL 10/1/2026   /        | ECLIPSE ADVANTAGE, L -TL 10/1/2026   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1243540 | PA      | $1243540.06   | 2.95%             | 2026-10-01      | Variable      | 10.05%                | Yes           | 3                  | On Loan: No      |
| Fidelity Treasury Portfolio                   | Fidelity Treasury Portfolio                   | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  13809993 | PA      | $13809993.41  | 32.73%            |  |  |  | No            | 1                  | On Loan: No      |
| ARES STRATEGIC INCOME FUND CLASS I   /        | ARES STRATEGIC INCOME FUND CLASS I   /        | CUSIP: 999999999<br>LEI: 549300IANZJVZPTICV54 | Long             |  | PF                | US        |    109727 | OU      | $3017492.72   | 7.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MSD BDT INVESTMENT CORP   /                   | MSD BDT INVESTMENT CORP   /                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    117294 | OU      | $2776340.67   | 6.58%             |  |  |  | Yes           | N/A                | On Loan: No      |
| VISTA CREDIT STRATEG LENDING CORP   /         | VISTA CREDIT STRATEG LENDING CORP   /         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    160387 | OU      | $3150000.01   | 7.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ASPF BEAGLE CO INVESTMENT   /                 | ASPF BEAGLE CO INVESTMENT   /                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $858776.74    | 2.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CRC CRF VI (B) LP   /                         | CRC CRF VI (B) LP   /                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $2000000.00   | 4.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| H.I.G WHITEHORSE EUR LEV LEN FEED FUND II   / | H.I.G WHITEHORSE EUR LEV LEN FEED FUND II   / | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $340644.00    | 0.81%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HP GPFS STANLEY CO INVESTMENT   /             | HP GPFS STANLEY CO INVESTMENT   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $492751.00    | 1.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| OCTAGON CLO INVESTMENT   /                    | OCTAGON CLO INVESTMENT   /                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |      3997 | OU      | $4037424.50   | 9.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WATERFALL PRIVATE AB CREDIT FUND I, LP   /    | WATERFALL PRIVATE AB CREDIT FUND I, LP   /    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3361764.00   | 7.97%             |  |  |  | Yes           | N/A                | On Loan: No      |
| IMPROVING ACQUISITIO -TL 7/26/2027   /        | IMPROVING ACQUISITIO -TL 7/26/2027   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     39651 | PA      | $39650.84     | 0.09%             | 2027-07-26      | Variable      | 10.63%                | Yes           | 3                  | On Loan: No      |
| IMPROVING ACQUISITIO -TL 7/26/2027   /        | IMPROVING ACQUISITIO -TL 7/26/2027   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98974 | PA      | $98973.57     | 0.23%             | 2027-07-26      | Variable      | 10.65%                | Yes           | 3                  | On Loan: No      |
| IMPROVING ACQUISITIO -TL 7/26/2027   /        | IMPROVING ACQUISITIO -TL 7/26/2027   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    176055 | PA      | $176055.15    | 0.42%             | 2027-07-26      | Variable      | 10.65%                | Yes           | 3                  | On Loan: No      |
| IMPROVING ACQUISITIO -TL 7/26/2027   /        | IMPROVING ACQUISITIO -TL 7/26/2027   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    793344 | PA      | $793343.81    | 1.88%             | 2027-07-26      | Variable      | 10.65%                | Yes           | 3                  | On Loan: No      |
| IMPROVING ACQUISITIO -TL 7/26/2027   /        | IMPROVING ACQUISITIO -TL 7/26/2027   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     72092 | PA      | $72092.44     | 0.17%             | 2027-07-26      | Variable      | 10.97%                | Yes           | 3                  | On Loan: No      |
| IMPROVING ACQUISITIO -TL 7/26/2027   /        | IMPROVING ACQUISITIO -TL 7/26/2027   /        | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     63682 | PA      | $63681.66     | 0.15%             | 2027-07-26      | Variable      | 10.88%                | Yes           | 3                  | On Loan: No      |
| IMS HOLDING -TL 05/29/2025   /                | IMS HOLDING -TL 05/29/2025   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     64001 | PA      | $64000.84     | 0.15%             | 2027-07-26      | Variable      | 9.70%                 | Yes           | 3                  | On Loan: No      |
| IMS HOLDING -TL 05/29/2025   /                | IMS HOLDING -TL 05/29/2025   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    177665 | PA      | $177664.98    | 0.42%             | 2027-07-26      | Variable      | 9.72%                 | Yes           | 3                  | On Loan: No      |
| IMS HOLDING -TL 05/29/2025   /                | IMS HOLDING -TL 05/29/2025   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    637593 | PA      | $637593.00    | 1.51%             | 2027-07-26      | Variable      | 9.73%                 | Yes           | 3                  | On Loan: No      |
| IMS HOLDING -TL 05/29/2025   /                | IMS HOLDING -TL 05/29/2025   /                | CUSIP: 999999999<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    113400 | PA      | $113399.79    | 0.27%             | 2027-07-26      | Variable      | 9.59%                 | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-01

**Name of Applicant:** Privacore PCAAM Alternative Income Fund

**Signature:** /s/Peter Sattelmair

**Name of Signer:** Peter Sattelmair

**Title:** Treasurer and Principal Financial Officer