Fidelity Private Credit Fund

CIK 0001920453

Fidelity Private Credit Fund is a non-traded business development company. With $2.4 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 98% in first-lien senior secured loans and 97% in floating-rate debt by fair value, at a weighted-average spread of 535 bps over the base rate. Its largest sector exposure is Health Care (17% of holdings).

NAV/Share

$25.10

AUM

$2.4B

Positions

343

Strategy

Private Credit

Wtd. Avg. Coupon

9.1%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

4.1 yrs

99% coverage

Top 10 Concentration

15.0%

PIK in Terms

4.9%

Instrument type

Share of portfolio fair value

First Lien

98%

of fair value

First Lien98.0%

Unsecured1.1%

Equity0.8%

Industry exposure

Share of holdings fair value

Top 5

91%

of holdings

Health Care16.9%

Materials9.0%

Other8.2%

Industrials5.2%

Consumer Staples2.8%

Consumer Discretionary1.9%

Information Technology1.4%

Financials1.3%

Utilities0.8%

Energy0.5%

Unknown52.0%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.