Partners Group Lending Fund, LLC

Item 8.01 Other Events. Net Asset Value The NAV per Unit as of September 30, 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 September 30, 2026 Class I Units $1.4933 Class M Units $1.4934 As of September 30, 2026, the Fund’s aggregate NAV was approximately $322.1 million including approximately $225.0 million of debt outstanding. Portfolio and Business Commentary Portfolio Statistics As of September 30, 2026, the Fund had investments in 73 portfolio companies 1. The geographic allocations of the Fund’s portfolio companies, represented as a percentage of fair value, were as follows: 96% in North America, 1% in Europe, and 3% in Asia and Rest of World1. Portfolio Summary as of September 30, 2026 Total Portfolio Size $542.4 million Borrowers1 73 Weighted Average Credit Spread2 5.1% Median LTM EBITDA (at entry)3 $100.3 million Weighted Average First Lien Net Leverage Ratio (at entry)3 5.8x Weighted Average Total Net Leverage Ratio (at entry)3 6.0x Weighted Average loan to value ("LTV") (at entry) 3 39.2% Asset Allocations As of September 30, 2026, based on fair value, the Fund’s portfolio investments consisted of the following: Portfolio Investments First Lien / Unitranche Loans 95.6% Opportunistic Credit 1.6% CLO debt tranches 2.8% Total 100.0% As of September 30, 2026, the ten largest industries in which the Fund was invested, represented as a percentage of fair value1, were as follows: Industry Software 23.9% Professional Services 11.3% Health Care Providers & Services 11.2% IT Services 8.3% Trading Companies & Distributors 6.9% Capital Markets 5.6% Diversified Consumer Services 5.0% Commercial Services & Supplies 4.7% Electrical Equipment 2.8% Machinery 2.7% As of September 30, 2026, the ten largest portfolio company investments in which the Fund was committed, based on par value or, in the case of equity investments, cost, were as follows: Issuer Par or Cost ($ in millions) % of Total ────────────────────────────────────────────────────────────────────────────────────── PT Intermediate Holdings III, LLC 21.0 3.2% PMA Parent Holdings, LLC 20.7 3.1% Cobalt Service Partners, LLC 20.2 3.1% Diligent Corporation 19.8 3.0% DigiCert, Inc. 19.4 2.9% Ascend Partner Services LLC 18.5 2.8% Optimizely North America Inc. 18.3 2.8% Ruby Buyer, LLC 15.8 2.4% MRI Software LLC 15.0 2.3% CSafe Acquisition Company, Inc. 14.8 2.2% As of September 30, 2026, based on fair value, investments by vintage year were as follows1: Investments Split by Year 2023 8.4% 2024 37.5% 2025 29.2% 2026 24.9% 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