Answer:
BlackRock Private Credit Fund and PGIM Private Credit Fund had the highest distribution yields across share classes for nontraded BDCs in the second quarter of 2025:
| Nontraded BDC | D Share | I Share | S Share |
| BlackRock Private Credit Fund | 10.97% | 11.39% | 10.17% |
| PGIM Private Credit Fund | 11.00% | 11.62% | 10.17% |



