Fidelity Private Credit Fund - EvergreenLink

Fidelity Private Credit Fund

Fidelity Private Credit Fund is externally managed by Fidelity Diversifying Solutions LLC (“FDS” or the “Adviser”) and is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company (“BDC”) and intends to qualify as a regulated investment company (“RIC”). Its investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation by investing primarily through directly originated loans to private U.S. operating companies, as well as liquid credit investments such as broadly syndicated loans and other Private Credit investments. The fund generally invests at least 80% of its total assets in Private Credit investments and seeks to provide liquidity through quarterly share repurchases, subject to board discretion.

News and Notices

ManagerFidelity Investments

Inception2023

Registration'40 Act

Fund TypeNon-Traded BDC

CurrencyUSD

Repurchase FrequencyQuarterly

Subscription FrequencyDaily

Management Fee1.25%

Fiscal Year EndDecember 31

News and Notices

Portfolio Holdings

Portfolio Composition

Growth

Capital Flows

Tender Offers

Share Classes

Returns

Fees

Ownership

Operating Metrics

Per Page

Notices

Apr 08, 2024

09:45

Marketing Materials, Redemptions, Subscriptions

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Fidelity Private Credit Fund announced it is fulfilling all quarterly repurchase requests, estimated at 2.5% of shares outstanding as of June 30, 2026, and reported $50.6 million of third-quarter subscriptions.

Jun 27, 2025

15:57

Distributions, Marketing Materials

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Fidelity Private Credit Fund declared August distributions of $0.1750 per share and $0.0160 variable supplemental distributions for each class. Record holders on August 31, 2026 are scheduled for September 30, 2026 payment in cash or reinvested shares.

Nov 12, 2023

16:33

Marketing Materials, Performance

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Fidelity Private Credit Fund issued its Q2 2026 investment strategy quarterly report, showing a 9.27% distribution rate, 98.5 average mark, 98.1% first-lien senior secured exposure and 99.6% floating-rate investments. Investors must read the material with the current prospectus.

Jul 03, 2025

11:43

Fees, Redemptions

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Fidelity Private Credit Fund seeks to repurchase 2.7 million shares, 5% outstanding, using September 30, 2026 net asset value. Investors may tender by August 31, 2026; 2% early repurchase deductions reduce proceeds for certain shares issued since October 1, 2025.

May 29, 2025

14:14

Distributions, Marketing Materials

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Fidelity Private Credit Fund declared July distributions of $0.1750 per share and variable supplemental distributions of $0.0160 per share. Shareholders of record July 31, 2026 will be paid around August 31, 2026 in cash or reinvested shares.

Jan 29, 2026

10:57

Redemptions

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Fidelity Private Credit Fund reported final tender offer results: 1,552,234 shares were validly tendered and fully accepted, with about $38.4 million paid in cash on or about July 27, 2026 at $24.72 per share.

May 26, 2024

13:11

Distributions, Marketing Materials

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Fidelity Private Credit Fund declared June 2026 distributions, including $0.1750 gross per share and $0.0160 variable supplemental per share, payable on or about July 31, 2026 in cash or reinvested shares to shareholders of record as of June 30, 2026.

Nov 05, 2025

15:56

Marketing Materials, Redemptions, Subscriptions

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Fidelity Private Credit Fund added a Q2 2026 tender offer update stating it expects to fulfill all repurchase requests, estimated at 2.9% of shares outstanding, and received $42.4 million of second-quarter subscriptions.

Oct 02, 2024

14:00

Distributions, Marketing Materials, Subscriptions

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Fidelity Private Credit Fund updated its prospectus to revise California suitability standards, distribution reinvestment treatment in 17 states and subscription agreements, including California’s 10% liquid net worth limit. Affected investors must follow revised eligibility and distribution election requirements.

Jul 28, 2024

10:19

Distributions, Marketing Materials, Performance

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Fidelity Private Credit Fund declared monthly distributions of $0.1750 per share plus a $0.0160 supplemental distribution for each common share class, payable on or about June 30, 2026. The Fund also reported April 30, 2026 NAV of $24.91, $24.89 and $24.91 per share for Classes I, S and D, with $1.4 billion aggregate NAV and $1.2 billion of debt outstanding.

Preview

Who manages Fidelity Private Credit Fund?Fidelity Investments is responsible for managing Fidelity Private Credit Fund.

When was Fidelity Private Credit Fund incepted?Fidelity Private Credit Fund launched in 2023.

How is Fidelity Private Credit Fund registered?Fidelity Private Credit Fund is registered as a '40 Act fund.

What type of fund is Fidelity Private Credit Fund?Fidelity Private Credit Fund is structured as a Non-Traded BDC fund.

How can investors access Fidelity Private Credit Fund?You can invest in Fidelity 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.

How often can investors buy shares of Fidelity Private Credit Fund?You can invest in Fidelity Private Credit Fund daily, subject to eligibility and fund subscription deadlines.

How often can investors sell shares of Fidelity Private Credit Fund?You can redeem shares of Fidelity Private Credit Fund quarterly, subject to redemption limits and notice requirements.

What currency is Fidelity Private Credit Fund offered in?Shares of Fidelity Private Credit Fund can be purchased in USD.

When does Fidelity Private Credit Fund close its fiscal year?Fidelity Private Credit Fund's fiscal year end is December 31.

How big is Fidelity Private Credit Fund?Fidelity Private Credit Fund's net asset value was $1,340.2 million and its portfolio had a fair value of $1,400.6 million as of June 30, 2026.

What types of investments does Fidelity Private Credit Fund make?Among other deal types, Fidelity Private Credit Fund primarily makes Debt Investments.

What strategies does Fidelity Private Credit Fund invest in?Among other asset classes, Fidelity Private Credit Fund primarily invests in Direct Lending.

What geographies does Fidelity Private Credit Fund have exposure to?Among other regions, Fidelity Private Credit Fund primarily invests in the USA and Globally.

What management fee does Fidelity Private Credit Fund charge?Fidelity Private Credit Fund charges a 1.25% annual management fee, which is calculated based on NAV.

How much do investors need to invest for their first purchase of shares in Fidelity Private Credit Fund?You can invest in FPC-S shares with a minimum initial investment of $2,500.

How much are investors able to invest after their first purchase of shares in Fidelity Private Credit Fund?You can invest in FPC-I shares with a minimum subsequent investment of $500.

What happens if an investor sells shares of Fidelity Private Credit Fund early?You will be subject to paying an early repurchase/redemption fee of 2%.

How has Fidelity Private Credit Fund performed?Fidelity Private Credit Fund's FPC-I share class generated an annualized 1-month return of 5.69% and 3-year return of 9.60% as of June 30, 2026.

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