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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 sharesOwnership percentage:66.7%Shares outstanding:6,604,286 shares+4 more
7 metrics
Beneficially owned shares4,400,000 sharesClass I Common Shares of Beneficial Interest of AB Private Lending Fund
Ownership percentage66.7%Percent of Class I shares based on 6,604,286 shares outstanding as of June 30, 2026
Shares outstanding6,604,286 sharesClass I shares outstanding of AB Private Lending Fund as of June 30, 2026
Sole voting power (Equitable Holdings, Inc.)4,400,000 sharesShares over which Equitable Holdings, Inc. has sole power to vote
Shared voting power (AXA Equitable Financial Services LLC)4,400,000 sharesShares over which AXA Equitable Financial Services LLC has shared power to vote
Sole dispositive power (Equitable Holdings, Inc.)4,400,000 sharesShares over which Equitable Holdings, Inc. has sole power to dispose
Shared dispositive power (AXA Equitable Financial Services LLC)4,400,000 sharesShares 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 ownedfinancial
"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 Powerfinancial
"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 Powerfinancial
"8 | Shared Dispositive Power 4,400,000.00"
Schedule 13G/Aregulatory
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
