Equitable Holdings (NYSE: EQH) reports majority stake in AB lending fund

Rhea-AI Filing Summary

Equitable Holdings, Inc. (symbol EQH), together with its indirect wholly owned subsidiary AXA Equitable Financial Services LLC, reports beneficial ownership of Class I Common Shares of Beneficial Interest of AB Private Lending Fund on a Schedule 13G/A. They report 4,400,000 Class I shares held for client discretionary investment advisory accounts, representing 66.7% of that share class. This percentage is based on 6,604,286 Class I shares outstanding as of June 30, 2026. Equitable Holdings reports sole voting and dispositive power over these shares, while AXA Equitable Financial Services LLC reports shared voting and dispositive power over the same amount. The filing states the shares were acquired solely for investment purposes.

Key Figures

Beneficially owned shares: 4,400,000 shares Ownership percentage: 66.7% Shares outstanding: 6,604,286 shares +4 more

7 metrics

Beneficially owned shares 4,400,000 shares Class I Common Shares of Beneficial Interest of AB Private Lending Fund

Ownership percentage 66.7% Percent of Class I shares based on 6,604,286 shares outstanding as of June 30, 2026

Shares outstanding 6,604,286 shares Class I shares outstanding of AB Private Lending Fund as of June 30, 2026

Sole voting power (Equitable Holdings, Inc.) 4,400,000 shares Shares over which Equitable Holdings, Inc. has sole power to vote

Shared voting power (AXA Equitable Financial Services LLC) 4,400,000 shares Shares over which AXA Equitable Financial Services LLC has shared power to vote

Sole dispositive power (Equitable Holdings, Inc.) 4,400,000 shares Shares over which Equitable Holdings, Inc. has sole power to dispose

Shared dispositive power (AXA Equitable Financial Services LLC) 4,400,000 shares Shares over which AXA Equitable Financial Services LLC has shared power to dispose

Key Terms

beneficially owned, Sole Voting Power, Shared Dispositive Power, Schedule 13G/A, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 4,400,000 shares acquired solely for investment purposes"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"5 | Sole Voting Power 4,400,000.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Shared Dispositive Power financial

"8 | Shared Dispositive Power 4,400,000.00"

Schedule 13G/A regulatory

"This statement on is being filed jointly ... Schedule 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Rule 13d-1(k)(1) regulatory

"being filed jointly by ... pursuant to the provisions of Rule 13d-1(k)(1)"

FAQ

What stake does EQH report in AB Private Lending Fund in this Schedule 13G/A?

Equitable Holdings, Inc. reports beneficial ownership of 4,400,000 Class I shares of AB Private Lending Fund, representing 66.7% of that class based on 6,604,286 Class I shares outstanding as of June 30, 2026.

How is voting power over AB Private Lending Fund shares allocated for EQH?

Equitable Holdings, Inc. reports sole voting power over 4,400,000 shares and no shared voting power. Its subsidiary, AXA Equitable Financial Services LLC, reports shared voting power over 4,400,000 shares and no sole voting power, reflecting their advisory structure.

For what purpose did EQH acquire the AB Private Lending Fund shares?

The filing states that the 4,400,000 Class I shares were acquired solely for investment purposes on behalf of client discretionary investment advisory accounts, indicating they are held in a fiduciary capacity for clients.

What is the relationship between EQH and AXA Equitable Financial Services LLC in this filing?

AXA Equitable Financial Services LLC is described as an indirect wholly owned subsidiary of Equitable Holdings, Inc. Both entities file jointly under Rule 13d-1(k)(1) as separate persons, not as members of a group, with a Joint Filing Agreement.

What outstanding share count is used to calculate EQH’s 66.7% ownership?

The 66.7% ownership of AB Private Lending Fund’s Class I shares is calculated based on 6,604,286 Class I shares outstanding as of June 30, 2026, as disclosed in the ownership section of the filing.

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Available on EDGAR 08/18/2026 - 09:55 AM Accepted by SEC EDGAR 08/14/2026 - 05:04 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

AB Private Lending Fund

(Name of Issuer)

Class I Common Shares of Beneficial Interest

(Title of Class of Securities)

00254B306

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 00254B306

1

Names of Reporting Persons

Equitable Holdings, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,400,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,400,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,400,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

66.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 00254B306

1

Names of Reporting Persons

AXA EQUITABLE FINANCIAL SERVICES LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,400,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

66.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AB Private Lending Fund
(b)	Address of issuer's principal executive offices: 405 COLORADO STREET, 405 COLORADO STREET, AUSTIN, TEXAS, 78701.
Item 2.
(a)	Name of person filing: This statement on Schedule 13G is being filed jointly by AXA EQUITABLE FINANCIAL SERVICES LLC and Equitable Holdings, Inc. (Holdings), pursuant to the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the Exchange Act), as separate persons and not as members of a group. See Exhibit 99.1 to this Schedule 13G for their Joint Filing Agreement.
(b)	Address or principal business office or, if none, residence: Equitable Holdings, Inc Holdings, a Delaware corporation, has its principal business office at 1345 Avenue of the Americas, New York, New York 10105. AXA EQUITABLE FINANCIAL SERVICES LLC Equitable Financial Services LLC, a Delaware corporation, is an indirect wholly owned subsidiary of Holdings. Equitable Financial Services principal business office is located at 1345 Avenue of the Americas, New York, New York 10105. All media outlets, please contact Erik Bass (212-314-2476) with any questions.
(c)	Citizenship: Equitable Holdings Delaware AXA EQUITABLE FINANCIAL SERVICES LLC Delaware
(d)	Title of class of securities: Class I Common Shares of Beneficial Interest
(e)	CUSIP No.: 00254B306
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4,400,000 shares acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.*
(b)	Percent of class: 66.7% based upon 6,604,286 Class I Shares outstanding as of June 30, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,400,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4,400,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Equitable Holdings, Inc.

Signature:	Anthony Bruccoleri
Name/Title:	Lead Director, Equitable Life Insurance Company
Date:	08/14/2026

AXA EQUITABLE FINANCIAL SERVICES LLC

Signature:	Glen Gardner
Name/Title:	Chief Investment Officer
Date:	08/14/2026