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Ab Private Credit Investors LLC: investment adviser
Ab Private Credit Investors LLC is an investment adviser registered with the SEC (file 801-80389, CRD 173027). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $11.4B
- Discretionary
- 99%
- Accounts
- 30
- Employees
- 1
- In advisory roles
- 1
- Disclosures
- 5
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports that it or a related person has custody of client cash and securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Business development companies | 2 | $1.8B | 15.8% |
| Private funds and other pooled vehicles | 24 | $8.9B | 78.6% |
| Insurance companies | 3 | $458.0M | 4.0% |
| Corporations | 1 | $175.0M | 1.5% |
How it is paid
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Alliance Capital Management LLC | Company (U.S.) | Sole member | E 75% or more | Jun 2014 | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever found you or any advisory affiliate to have been involved in a violation of investment-related regulations or statutes?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: in the past ten years, entered an order against you or any advisory affiliate in connection with an investment-related activity?
- Has any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority: ever denied, suspended, or revoked your or any advisory affiliate's registration or license, or otherwise prevented you or any advisory affiliate, by order, from associating with an investment-related business or restricted your or any advisory affiliate's activity?
- Has any self-regulatory organization or commodities exchange ever: found you or any advisory affiliate to have been involved in a violation of its rules (other than a violation designated as a "minor rule violation" under a plan approved by the SEC)?
Actions about affiliates (1)
- Mar 17, 2014Regulatory Action: New York State Department of Financial Services FinalAbout an affiliate: AXA Equitable LifeSanctions: Civil and Administrative Penalt(ies) /Fine(s) · Fine: $20.0M · Begun Aug 2, 2012 · Resolved Mar 17, 2014 · Consent
The New York State Department of Financial Services alleged that AXA Equitable Life insurance company violated New York insurance law section 4240(e) by filing plans of operation with respect to certain of its separate acccuonts with the New York state insurance department and New York State Department of Financial Services (collectively, the "department") without adequately informing and explaining to the department the significance of the implementation of the AXA tactical manager strategy.
AXA Equitable Life insurance company consented to the imposition of a civil penalty on March 17, 2014 in the sum of $20,000,000, agreed to seek all necessary approvals with regard to New York insurance law section 4240(e) and agreed to provide departmentapproved communications to policyholders when AXA Equitable Life insurance company is revising fund choices in connection with the AXA tactical manager strategy and to comply with any other conditions placed on such approvals. AXA Equitable Life insurance company also agreed to issue a written report to the department concerning changes to the plan of operations for certain of its separate accounts on a quarterly basis for a period of five years from March 17, 2014.
The matter was settled on March 17, 2014, the date AXA Equitable Life insurance company entered into a consent order with the department consenting to the sanctions listed above. No information Filed
Disclosures filed elsewhere
The firm's Form ADV names these and the kind of action only; the details are on the named firm's own filing.
- 1 regulatory action disclosure about Planmember Securities
- 1 regulatory action disclosure about Sanford C. Bernstein & Co.,
- 1 regulatory action disclosure about AXA Equitable Life
- 1 regulatory action disclosure about AXA Advisors, LLC
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
Form ADV Part 2A: the plain-language document an adviser must give its clients. Each item is shown as filed; open an item to read all of it.
Institutional Form ADV Brochure (Ab Pci), filed Sep 4, 2026. Brochure PDF. Items: 4 · 5 · 6 · 7 · 8 · 10 · 11 · 12 · 13 · 15 · 16
Item 4. Advisory business
business has been broadened to include more detail on its clients, including adding its role as collateral manager to certain issuers of collateralized loan obligations.
Item 5. Fees and compensation
to describe fees and fee mechanics by client type, including commingled funds, funds of one, separately managed accounts, and business development companies. More specific language regarding expenses has also been added. This section also now includes a statement that AB-PCI may serve as administrative agent to loan syndicates from time to time and earn fees for that service.
Item 6. Performance-based fees and side-by-side management
Management: This item has been refreshed to describe performance-based compensation and related conflicts more directly, and to point specifically to the further discussion of investment allocation in Item 11.
Item 7. Types of clients
provide a fuller description of AB-PCI’s client base, including funds, separately managed accounts, business development companies, collateralized loan obligations, investor eligibility standards, and account minimum flexibility.
Item 8. Methods of analysis, investment strategies and risk of loss
Discussion of leverage has been added, including that leverage is typically obtained through structured financing solutions, along with the risk of using leverage.
Item 10. Other financial industry activities and affiliations
is expanded to discuss affiliate-related conflicts more directly. It notes the potential for affiliates to pursue competing opportunities, invest at different points in an issuer’s capital structure, and share resources/personnel. It also describes mitigation of these conflicts through independent decision-making and information-sharing controls.
Item 11. Code of ethics, participation in client transactions and personal trading
Transactions: This section has been updated with language regarding allocation of investment opportunities, relevant allocation factors, and co-investment constraints related to the advised business development companies, as well as conflicts when different clients invest in different levels of the same issuer’s capital structure.
Item 12. Brokerage practices
to describe brokerage and custodial third-party fees, as well as the framework for principal and cross trades, including approvals, legal restrictions, and valuation concepts.
Item 13. Review of accounts
include a description of periodic reports and information provided to clients and fund investors.
Item 15. Custody
while AB-PCI does not serve as qualified custodian, it may have constructive custody and accordingly takes steps to comply with the custody rule under the Advisers Act.
Item 16. Investment discretion
describe the types of decisions AB-PCI may make in the exercise of its discretionary authority.
Investment Adviser Brochure 10
The [A/B] logo and AllianceBernstein® are registered trademarks used by permission of the owner, AllianceBernstein L.P. © 2026 AllianceBernstein L.P., 501 Commerce St., Nashville, TN 37203
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Other brochures on file
- Institutional Form ADV Brochure (Ablp), Sep 4, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.