AB 2020 Form 10-K

AB Private Credit Investors Corporation Consolidated Statements of Assets and Liabilities As of December 31, 2020 As of December 31, 2019 Assets Investments, at fair value (amortized cost of $539,228,460 and $346,873,740, respectively) $533,035,030 $345,025,318 Cash and cash equivalents 22,410,622 14,931,791 Receivable for fund shares 33,298,880 19,909,278 Interest receivable 2,264,308 1,849,816 Deferred financing costs 1,648,701 64,959 Prepaid expenses 292,668 112,166 Receivable for investments sold 80,413 286,935 Other assets 879 — Total assets $593,031,501 $382,180,263 Liabilities Notes payable (net of unamortized discount of $26,440 and $32,835, respectively, and debt issuance costs of $1,786,062 and $2,780,532, respectively) $211,337,498 $210,336,633 Credit facility payable 130,700,000 19,500,000 Secured borrowings 18,870,856 — Incentive fee payable 2,353,074 1,049,291 Payable to Adviser 1,568,252 355,255 Interest and borrowing expenses payable 1,554,186 3,412,567 Distribution payable 1,541,994 964,833 Management fees payable 1,533,338 1,053,696 Professional fees payable 484,248 650,840 Due to affiliate 469,453 — Administrator and custodian fees payable 136,170 260,061 Accrued organization costs 106,510 — Transfer agent fees payable 13,809 9,397 Miscellaneous payable 1,840 25,295 Total liabilities $370,671,228 $237,617,868 Commitments and Contingencies (Note 6) Net Assets Common stock, par value $0.01 per share (200,000,000 shares authorized, 23,775,222 and 14,627,401 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively) 237,752 146,274 Paid-in capital in excess of par value 227,482,784 146,096,298 Distributable earnings (accumulated loss) (5,360,904) (1,680,177) Total net assets of AB Private Credit Investors Corporation $222,359,632 $144,562,395 Non-Controlling Interest in ABPCIC Equity Holdings, LLC $ 641 $ — Total net assets $222,360,273 $144,562,395 Total liabilities and net assets $593,031,501 $382,180,263 Net asset value per share of AB Private Credit Investors Corporation $ 9.35 $ 9.88 F-1