Fidelity Private Credit Fund filed a Current Report on Form 8-K on October 28, 2026, announcing the declaration of distributions for shareholders and disclosing financial results as of September 30, 2026.
The Fund declared a gross distribution of $0.1750 per share for each class of its common shares (Class I, Class S, and Class D). After accounting for shareholder servicing fees, the net distributions were $0.1750 per share for Class I, $0.1577 per share for Class S, and $0.1699 per share for Class D. Additionally, the Fund declared a variable supplemental distribution of $0.0160 per share for all classes. These distributions are payable to shareholders of record as of October 30, 2026, with payments expected on or about November 30, 2026.
As of September 30, 2026, the Fund’s Net Asset Value (NAV) per share was $24.48 for Class I and Class D, and $24.46 for Class S. The aggregate NAV of the Fund was $1.4 billion, with a total investment portfolio value of $2.6 billion and principal debt outstanding of $1.3 billion. This resulted in a debt-to-equity ratio of approximately 0.92 times.
The Fund reported that private credit loan quality remains strong, with a weighted-average mark of 98.1 and zero non-accruals. For the third quarter, the Fund generated net investment income of $0.58 per share, fully covering the distribution of $0.57 per share. The Fund recorded realized losses of ($0.18) per share and unrealized losses of ($0.07) per share for the quarter.
Year-to-date, the Fund’s total net return was 4.52% for Class I, outperforming the S&P/LSTA US Leveraged Loan Index by 123 basis points and the ICE BofA US High Yield Index by 448 basis points. The Fund also reported fifteen consecutive quarters of net inflows, with tender offer requests in the third quarter declining to 2.5%.
The Fund is currently publicly offering shares up to $4.0 billion in size. As of October 1, 2026, the Fund had issued 56,320,414 common shares with total consideration of approximately $1.434 billion.
