First Trust Private Credit Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940 and structured as an interval fund. The Fund continuously offers Class A and Class I Shares and conducts quarterly repurchase offers of no less than 5% and up to 25% of outstanding Shares. Managed by First Trust Capital Management L.P., the Fund seeks to produce current income by allocating at least 80% of its net assets to a diverse portfolio of private credit instruments, including bank loans, structured credit, mezzanine loans, distressed securities, and convertible and preferred securities. It uses a multi-manager approach, allocating assets among the Investment Adviser and one or more sub-advisers, and may also invest indirectly through registered or private investment vehicles. Shares are offered daily at NAV and are not listed on any exchange, making them illiquid outside of quarterly repurchase periods.
News and Notices
First Trust Capital Partners
2022
'40 Act
Interval CEF
USD
Quarterly
Daily
1.35%
March 31
News and Notices
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1-10 of 31
Notices
Date
Time (ET)
Notice Type
Source
Notice
Mar 31, 2024
10:37
Redemptions
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First Trust Private Credit Fund opened its quarterly repurchase, offering to buy up to 5% of shares at net asset value through September 30, 2026. Requests are due by 4:00 p.m. Eastern Time, with proceeds paid within seven days.
Aug 25, 2026
13:02
Compliance
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First Trust Private Credit Fund provided its annual proxy voting report for 2026, naming First Trust Capital Management as the sole included investment manager. Investors can use the report for proxy voting transparency.
Oct 29, 2024
15:43
Distributions, Marketing Materials, Redemptions
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First Trust Private Credit Fund updated its prospectus to reduce its annualized monthly distribution target from 10% to 8.50% effective May 1, 2026, while continuing to offer Class A and Class I Shares with quarterly repurchase offers of at least 5%.
Sep 18, 2024
17:14
Redemptions, Subscriptions
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First Trust Private Credit Fund reported $172 million of securities sold and $85 million redeemed or repurchased for the fiscal year ended March 31, 2026. The fund owes a $12,057 registration fee and has no future redemption credits.
Dec 29, 2025
10:42
Redemptions
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First Trust Private Credit Fund opened a quarterly repurchase offer for up to 5% of outstanding shares from May 29, 2026 to June 30, 2026. Shareholders must submit requests by 4:00 p.m. Eastern Time on June 30, 2026.
Mar 14, 2025
17:00
Distributions, Subscriptions
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First Trust Private Credit Fund reported monthly dividend reinvestment purchases of Class A Common Shares from April 2025 through March 2026, with each transaction adding about 1 share at prices near $10. The adviser, First Trust Capital Management, held 130.25 shares following each purchase.
Nov 14, 2024
16:38
Distributions, Ownership, Personnel
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First Trust Private Credit Fund Treasurer Chad Eisenberg reported indirect dividend reinvestment purchases of Class A Common Shares on multiple dates from April 2025 to March 2026, totaling about 10 shares at prices near $10 per share. His indirect ownership remained 130.25 shares.
Jun 14, 2024
15:50
Distributions, Ownership, Personnel
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First Trust Private Credit Fund President Michael D. Peck reported multiple dividend reinvestment acquisitions of Class A Common Shares, totaling 10.40 shares from 2025-04-02 through 2026-03-04 at prices of $9.78 to $10.12. His indirect holdings remained 130.25 shares following each transaction.
Jul 02, 2024
16:32
Compliance
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Variant Alternative Income Fund renewed a joint fidelity bond with Hartford Fire Insurance effective 12/31/2025 to 12/31/2026, including a $2.5 million limit and a new $250,000 electronic mail initiated transfer fraud sub-limit. The bond continues coverage for the Fund and additional named affiliated funds.
Jun 09, 2025
15:06
Distributions
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First Trust Private Credit Fund’s Board approved a decrease in monthly distributions from 10% to 8.50% annually of NAV per Share, effective May 1, 2026. The revised policy sets the Fund’s intended monthly distribution rate at 8.50% annually of NAV per Share.
Preview
First Trust Private Credit Fund
First Trust Capital Partners is responsible for managing First Trust Private Credit Fund.
First Trust Private Credit Fund launched in 2022.
First Trust Private Credit Fund is registered as a '40 Act fund.
First Trust Private Credit Fund is structured as a Interval CEF fund.
You can invest in First Trust Private Credit Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in First Trust Private Credit Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of First Trust Private Credit Fund quarterly, subject to redemption limits and notice requirements.
Shares of First Trust Private Credit Fund can be purchased in USD.
First Trust Private Credit Fund's fiscal year end is March 31.
First Trust Private Credit Fund's net asset value was $465.3 million and its portfolio had a fair value of $494.9 million as of June 30, 2026.
Among other deal types, First Trust Private Credit Fund primarily makes Debt Investments.
Among other asset classes, First Trust Private Credit Fund primarily invests in CLO-CDO-CMO.
Among other regions, First Trust Private Credit Fund primarily invests in North America and the USA.
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