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 99% in first-lien senior secured loans and 98% floating-rate, at a weighted-average spread of 535 bps over the base rate.

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%

Instrument type

Share of portfolio fair value

First Lien

98%

of fair value

First Lien Senior Loans98.0%

Unsecured Loans1.1%

Equity0.8%

Industry exposure

Share of holdings fair value

Top 5

99%

of holdings

Industrials3.9%

Health Care1.7%

Consumer Discretionary1.6%

Information Technology1.4%

Financials0.5%

Energy0.3%

Other0.1%

Materials0.0%

Consumer Staples0.0%

Unknown90.4%

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.

Risk & Credit Indicators

PIK in Terms

4.9%