Partners Group Lending Fund, LLC

Item 8.01 Other Events. Net Asset Value The NAV per Unit as of July 31, 2026, as determined in accordance with the valuation policies and procedures approved by the Fund’s board of directors, was as follows: NAV as of Unit Class July 31, 2026 Class I Units $1.5036 Class M Units $1.5036 As of July 31, 2026, the Fund’s aggregate NAV was approximately $318.3 million including approximately $224.0 million of debt outstanding. Portfolio and Business Commentary Portfolio Statistics As of July 31, 2026, the Fund had investments in 64 portfolio companies 1. The geographic allocations of the Fund’s portfolio companies, represented as a percentage of fair value, were as follows: 97% in North America, 0% in Europe, and 3% in Asia and Rest of World1. Portfolio Summary as of July 31, 2026 Total Portfolio Size $506.6 million Borrowers1 64 Weighted Average Credit Spread2 5.1% Median LTM EBITDA (at entry)3 $100.0 million Weighted Average First Lien Net Leverage Ratio (at entry)3 5.8x Weighted Average Total Net Leverage Ratio (at entry)3 6.1x Weighted Average loan to value ("LTV") (at entry) 3 39.0% Asset Allocations As of July 31, 2026, based on fair value, the Fund’s portfolio investments consisted of the following: Portfolio Investments First Lien / Unitranche Loans 94.4% Opportunistic Credit 1.6% CLO debt tranches 4.0% Total 100.0% As of July 31, 2026, the ten largest industries in which the Fund was invested, represented as a percentage of fair value1, were as follows: Industry Software 25.9% Health Care Providers & Services 11.9% Professional Services 11.3% IT Services 9.1% Trading Companies & Distributors 7.1% Capital Markets 5.7% Diversified Consumer Services 5.4% Commercial Services & Supplies 3.8% Machinery 2.9% Financial Services 2.5% As of July 31, 2026, the ten largest portfolio company investments in which the Fund was committed, based on par value or, in the case of equity investments, cost, were as follows: Issuer Par or Cost ($ in millions) % of Total ────────────────────────────────────────────────────────────────────────────────────── PT Intermediate Holdings III, LLC 21.0 3.4% PMA Parent Holdings, LLC 20.7 3.3% Cobalt Service Partners, LLC 20.2 3.2% Diligent Corporation 19.7 3.2% DigiCert, Inc. 19.5 3.1% Ascend Partner Services LLC 18.5 3.0% Optimizely North America Inc. 18.3 2.9% Ruby Buyer, LLC 15.9 2.5% MRI Software LLC 15.0 2.4% CSafe Acquisition Company, Inc. 14.9 2.4% As of July 31, 2026, based on fair value, investments by vintage year were as follows1: Investments Split by Year 2023 9.0% 2024 41.6% 2025 32.3% 2026 17.1% 1 Calculation excludes CLO debt tranches 2 Calculation includes all instruments with floating rate spreads 3 Calculation excludes CLO debt tranches, opportunistic credit, and recurring revenue loans