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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>WASHINGTON, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>FORM <span id="xdx_904_edei--DocumentType_c20241118__20241118_zbl3YzFuDTA7"><ix:nonNumeric contextRef="AsOf2024-11-18" id="Fact000009" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Pursuant to Section 13 or 15(d) of the</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Securities Exchange Act of 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<b><span id="xdx_901_edei--DocumentPeriodEndDate_c20241118__20241118_zqOI9LYMsxG"><ix:nonNumeric contextRef="AsOf2024-11-18" format="ixt:datemonthdayyearen" id="Fact000010" name="dei:DocumentPeriodEndDate">November 18, 2024</ix:nonNumeric></span> (November 18, 2024)</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="font: 10pt Times New Roman, Times, Serif; width: 95%">Pre-commencement communications pursuant to Rule 14d-2(b) under
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    <td style="font: 10pt Times New Roman, Times, Serif; width: 95%">Pre-commencement communications pursuant to Rule 13e-4(c) under
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Securities registered pursuant to Section 12(b) of the Act: <b>None</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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    Symbol(s)</b></td>
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    <td style="font: 10pt Times New Roman, Times, Serif; padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">Not applicable</td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. <span id="xdx_904_edei--EntityExTransitionPeriod_c20241118__20241118_zCbVPDd9sgjl"><ix:nonNumeric contextRef="AsOf2024-11-18" format="ixt:booleanfalse" id="Fact000026" name="dei:EntityExTransitionPeriod">&#9744;</ix:nonNumeric></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p>

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<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 50pt"><b>Item 1.01.</b></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><b>Entry into a Material Definitive Agreement.</b></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 72pt; text-indent: -72pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">On
November 18, 2024, Blackrock Private Credit Fund, a Delaware statutory trust (the &#8220;Company&#8221;), entered into a Master Note
Purchase Agreement (the &#8220;Master Note Purchase Agreement&#8221;), governing the issuance (a) on November 18, 2024, of $70,000,000
aggregate principal amount of its 7.14% Series 2024A Senior Notes, Tranche A, due November 18, 2027 (the &#8220;Tranche A Notes&#8221;),
and (b) on January 22, 2025 (subject to customary closing conditions), of $55,000,000 aggregate principal amount of its 7.33% Series
2024A Senior Notes, Tranche B, due January 22, 2030 (the &#8220;Tranche B Notes&#8221; and, together with the Tranche A Notes, the &#8220;Notes&#8221;),
to qualified institutional investors in a private placement. The Tranche A Notes bear interest at a rate equal to 7.14% per annum that
is payable semi-annually on May 18 and November 18 of each year, beginning on May 18, 2025. The Tranche B Notes bear interest at a rate
equal to 7.33% per annum that is payable semi-annually on January 22 and July 22 of each year, beginning on July 22, 2025. The Notes
will be guaranteed by certain domestic subsidiaries of the Company that are formed or acquired by the Company in the future (collectively,
the &#8220;Guarantors&#8221;). The Tranche A Notes were issued at a closing on November 18, 2024, and the Tranche B Notes will be issued
at a closing which is expected to occur on January 22, 2025, subject to customary closing conditions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
Notes may be redeemed in whole or in part at any time or from time to time at the Company&#8217;s option at par plus accrued interest
to the prepayment date and, if applicable, a make-whole premium. In addition, the Company is obligated to offer to prepay the Notes at
par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur. The Notes
are general unsecured obligations of the Company that rank <i>pari passu</i> with all outstanding and future unsecured and unsubordinated
indebtedness issued by the Company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
Company intends to use the net proceeds for general corporate purposes, which may include making investments, repaying existing debt
and making distributions permitted by the Master Note Purchase Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
Master Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including,
without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company&#8217;s status
as a business development company within the meaning of the Investment Company Act of 1940, as amended, and as a regulated investment
company under the Internal Revenue Code of 1986, as amended, (iii) minimum shareholders&#8217; equity of the greater of (A)&#160;$180,000,000
and (B)&#160;$180,000,000 <i>plus</i> 25% of the net cash proceeds of the sale of equity interests of the Company after April 19, 2024
<i>minus</i>&#160;25% of the aggregate amount paid or distributed by the Company to redeem, buy back or purchase its shares of common
stock after November 18, 2024, (iv) a minimum asset coverage ratio of 1.50 to 1.00, respectively, and (v) prohibitions on certain fundamental
changes of the Company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">In
addition, in the event that a Below Investment Grade Event (as defined in the Master Note Purchase Agreement) occurs, the Notes will
bear interest at the rate per annum which is 1.00% above the interest rate then in effect on the applicable Notes from the date of the
occurrence of the Below Investment Grade Event to and until the date on which such Below Investment Grade Event is no longer continuing.
In the event that a Secured Debt Ratio Event (as defined in the Master Note Purchase Agreement) occurs, the Notes will bear interest
at the rate per annum which is 1.50% above the interest rate then in effect on the applicable Notes as of the earlier of (i) the date
of the occurrence of the Secured Debt Ratio Event and (ii) the last day of the applicable fiscal quarter or fiscal year for which financial
statements evidence the occurrence of the Secured Debt Ratio Event, to and until the date on which such Secured Debt Ratio Event is no
longer continuing. In the event that a Below Investment Grade Event and a Secured Debt Ratio Event are both continuing at the same time,
then as of the date on which both such events first simultaneously existed and are continuing until the earliest date on which either
or both events is no longer continuing, the Notes will bear interest at a rate per annum which is 2.00% above the stated rate on the
applicable Notes.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
Master Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation,
nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults under other indebtedness of
the Company or its significant subsidiaries, certain judgments and orders and certain events of bankruptcy.</p>



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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
Notes were offered in reliance on Section 4(a)(2) of Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). The Notes
have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered
or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements
of the Securities Act, as applicable.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
information on this Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes
or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
description above is only a summary of the material provisions of the Master Note Purchase Agreement and is qualified in its entirety
by reference to the Master Note Purchase Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is
incorporated herein by reference thereto.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><tr style="vertical-align: top">
<td style="width: 50pt"><b>Item 2.03.</b></td><td><b>Creation
                                            of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
                                            of a Registrant</b></td></tr></table>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">The
disclosure set forth above under Item 1.01 is incorporated by reference herein.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0pt">&#160;</p>



<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 50pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Item
    9.01.</b></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Financial
    Statements and Exhibits.</b></span></td></tr>
  <tr style="vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td></tr>
  <tr style="vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d)</i></span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline">Exhibits</span></i></span></td></tr>
  <tr style="vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td>
    <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</span></td>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="bpcf-efp11850_ex99101.htm">Master Note Purchase Agreement, dated as of November 18, 2024, by and among BlackRock Private Credit Fund and the purchasers party thereto (1)</a></span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">104</span></td>
    <td style="vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">(1)
Certain schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish a copy of
such schedules or exhibits, or any section thereof, to the SEC upon request.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>SIGNATURE</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt"><b>BlackRock
    Private Credit Fund</b></td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt; width: 60%">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 5%; padding-right: 0pt; padding-left: 0pt">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; width: 35%; padding-right: 0pt; padding-left: 0pt">&#160;</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt">Date: November 18, 2024</td>
    <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt">By:</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0pt; padding-right: 0pt; padding-left: 0pt">/s/
    Erik L. Cuellar</td></tr>
  <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 18, 2024
(November 18, 2024)
BLACKROCK PRIVATE CREDIT FUND
(Exact name of registrant as specified in its charter)
Delaware
814-01485
87-4655020
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification Number)
50
                                            Hudson Yards
New York
,
New York
10001
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area
code
(
212
)
810-5800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities
    Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under
    the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under
    the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
None
Title
    of each class
Trading
    Symbol(s)
Name
    of each exchange on which registered
None
Not applicable
Not applicable
Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).
☒
Emerging growth company
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 1.01.
Entry into a Material Definitive Agreement.
On
November 18, 2024, Blackrock Private Credit Fund, a Delaware statutory trust (the "Company"), entered into a Master Note
Purchase Agreement (the "Master Note Purchase Agreement"), governing the issuance (a) on November 18, 2024, of $70,000,000
aggregate principal amount of its 7.14% Series 2024A Senior Notes, Tranche A, due November 18, 2027 (the "Tranche A Notes"),
and (b) on January 22, 2025 (subject to customary closing conditions), of $55,000,000 aggregate principal amount of its 7.33% Series
2024A Senior Notes, Tranche B, due January 22, 2030 (the "Tranche B Notes" and, together with the Tranche A Notes, the "Notes"),
to qualified institutional investors in a private placement. The Tranche A Notes bear interest at a rate equal to 7.14% per annum that
is payable semi-annually on May 18 and November 18 of each year, beginning on May 18, 2025. The Tranche B Notes bear interest at a rate
equal to 7.33% per annum that is payable semi-annually on January 22 and July 22 of each year, beginning on July 22, 2025. The Notes
will be guaranteed by certain domestic subsidiaries of the Company that are formed or acquired by the Company in the future (collectively,
the "Guarantors"). The Tranche A Notes were issued at a closing on November 18, 2024, and the Tranche B Notes will be issued
at a closing which is expected to occur on January 22, 2025, subject to customary closing conditions.
The
Notes may be redeemed in whole or in part at any time or from time to time at the Company's option at par plus accrued interest
to the prepayment date and, if applicable, a make-whole premium. In addition, the Company is obligated to offer to prepay the Notes at
par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur. The Notes
are general unsecured obligations of the Company that rank
pari passu
with all outstanding and future unsecured and unsubordinated
indebtedness issued by the Company.
The
Company intends to use the net proceeds for general corporate purposes, which may include making investments, repaying existing debt
and making distributions permitted by the Master Note Purchase Agreement.
The
Master Note Purchase Agreement contains customary terms and conditions for senior unsecured notes issued in a private placement, including,
without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company's status
as a business development company within the meaning of the Investment Company Act of 1940, as amended, and as a regulated investment
company under the Internal Revenue Code of 1986, as amended, (iii) minimum shareholders' equity of the greater of (A) $180,000,000
and (B) $180,000,000
plus
25% of the net cash proceeds of the sale of equity interests of the Company after April 19, 2024
minus
25% of the aggregate amount paid or distributed by the Company to redeem, buy back or purchase its shares of common
stock after November 18, 2024, (iv) a minimum asset coverage ratio of 1.50 to 1.00, respectively, and (v) prohibitions on certain fundamental
changes of the Company.
In
addition, in the event that a Below Investment Grade Event (as defined in the Master Note Purchase Agreement) occurs, the Notes will
bear interest at the rate per annum which is 1.00% above the interest rate then in effect on the applicable Notes from the date of the
occurrence of the Below Investment Grade Event to and until the date on which such Below Investment Grade Event is no longer continuing.
In the event that a Secured Debt Ratio Event (as defined in the Master Note Purchase Agreement) occurs, the Notes will bear interest
at the rate per annum which is 1.50% above the interest rate then in effect on the applicable Notes as of the earlier of (i) the date
of the occurrence of the Secured Debt Ratio Event and (ii) the last day of the applicable fiscal quarter or fiscal year for which financial
statements evidence the occurrence of the Secured Debt Ratio Event, to and until the date on which such Secured Debt Ratio Event is no
longer continuing. In the event that a Below Investment Grade Event and a Secured Debt Ratio Event are both continuing at the same time,
then as of the date on which both such events first simultaneously existed and are continuing until the earliest date on which either
or both events is no longer continuing, the Notes will bear interest at a rate per annum which is 2.00% above the stated rate on the
applicable Notes.
The
Master Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation,
nonpayment, incorrect representation in any material respect, breach of covenant, certain cross-defaults under other indebtedness of
the Company or its significant subsidiaries, certain judgments and orders and certain events of bankruptcy.
The
Notes were offered in reliance on Section 4(a)(2) of Securities Act of 1933, as amended (the "Securities Act"). The Notes
have not and will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered
or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements
of the Securities Act, as applicable.
The
information on this Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to purchase the Notes
or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.
The
description above is only a summary of the material provisions of the Master Note Purchase Agreement and is qualified in its entirety
by reference to the Master Note Purchase Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is
incorporated herein by reference thereto.
Item 2.03.
Creation
                                            of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
                                            of a Registrant
The
disclosure set forth above under Item 1.01 is incorporated by reference herein.
Item
    9.01.
Financial
    Statements and Exhibits.
(d)
Exhibits
10.1
Master Note Purchase Agreement, dated as of November 18, 2024, by and among BlackRock Private Credit Fund and the purchasers party thereto (1)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
(1)
Certain schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish a copy of
such schedules or exhibits, or any section thereof, to the SEC upon request.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BlackRock
    Private Credit Fund
Date: November 18, 2024
By:
/s/
    Erik L. Cuellar
Name:
Erik
    L. Cuellar
Title:
Chief Financial Officer