Lord Abbett Private Credit Advisor LLC

Fees and Compensation
Lord Abbett Private Credit Advisor’s investment advisory fees typically are based on a percentage of the value of the
account. Fees are set based on the investment strategy and the type and level of services provided. Fees for institutional
Client accounts normally are billed and payable in arrears based on month- or quarter-end assets, subject to adjustments
for interim contributions to or withdrawals from an account.
Lord Abbett Private Credit Advisor retains discretion to negotiate, and does negotiate, the fees charged to Clients for
investment advisory services, subject to applicable law. When Lord Abbett Private Credit Advisor negotiates investment
advisory fees, it takes into consideration a Client’s special circumstances, asset levels, service and regulatory requirements
or other factors, each as determined in Lord Abbett Private Credit Advisor’s sole discretion.
Lord Abbett Private Credit Advisor’s management fees do not include fees charged by a Client’s custodian or the fees and
other expenses deducted by or paid to third party service providers from the assets of a non-proprietary fund in which a
Client account may invest. In addition, Client accounts usually incur transaction costs when they buy and sell securities. For
more information, please see the Brokerage Practices section below.
Valuation of Illiquid Assets
The investments held by Clients may not have a readily available market price to value portfolios. Such investments may
be illiquid or otherwise hard-to-value as a result of a thinly traded or otherwise inactive secondary market.
In such circumstances where there are limited or no observable market inputs, Lord Abbett Private Credit Advisor internally
“fair values” such investments in a manner consistent with applicable accounting principles and standards. Because Lord
Abbett Private Credit Advisor receives fees from its Clients typically based on the periodic value of assets under
management, Lord Abbett Private Credit Advisor may have an incentive to inflate the value of such “fair valued” assets,
thereby increasing the fees payable to Lord Abbett Private Credit Advisor by its Clients. Although the custodians or fund
administrators, as applicable, for Clients are generally ultimately responsible for determining the value of the portfolio on
which fees are calculated, these service providers will typically rely upon Lord Abbett Private Credit Advisor for certain
financial information (not generally available to the public) as inputs into the analysis or for fair value recommendations in
order for them to appropriately value these types of less liquid investments.

Performance-Based Fees and Side-By-Side Management
Lord Abbett Private Credit Advisor charges both performance-based fees and asset-based fees. Lord Abbett Private Credit
Advisor also could receive carried interest allocations from certain Client accounts in the future. The management of
accounts with performance-based fees or carried interest allocations has the potential to cause a conflict of interest by
creating an incentive to favor such accounts in order to generate greater revenue for Lord Abbett Private Credit Advisor. A
similar conflict exists from managing Client accounts paying a higher asset-based fee than other accounts or accounts
containing assets owned by Lord Abbett Private Credit Advisor, its employees, or its owners.
Lord Abbett Private Credit Advisor has adopted securities allocation policies and procedures to address these potential
conflicts of interest. These policies and procedures are reasonably designed to monitor and prevent Lord Abbett Private
Credit Advisor from inappropriately favoring one type of account over another. Further details on Lord Abbett Private Credit
Advisor’s securities allocation policies and procedures are provided in the Brokerage Practices section below.
Co-Investments
Lord Abbett Private Credit Advisor, through an exemptive order from the SEC, is permitted to co-invest Client accounts in
private credit transactions alongside one another, subject to certain restrictions. In each case where co-investors participate
in an investment, Lord Abbett Private Credit Advisor may allocate expenses associated with such investment, including
broken-deal expenses, among such co-investors and other participants in the investment in accordance with Lord Abbett
Private Credit Advisor’s allocation policies.

Types of Clients
Lord Abbett Private Credit Advisor provides advisory services to a Private Fund Client and a BDC Client. Additional Clients
are expected to generally consist of discretionary accounts managed for Private Funds and/or BDCs.
The minimum investment amount, if any and as applicable, and other criteria for investments in Clients are set forth in the
relevant Client Governing Documents.

Methods of Analysis, Investment Strategies, and Risk of Loss