Fortress Private Lending Fund

CIK 0002012139Fortress

Fortress Private Lending Fund is a non-traded business development company advised by Fortress. With $1.6 billion in total assets, it is one of the smaller funds 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 556 bps over the base rate. Its largest sector exposure is Consumer Discretionary (9% of holdings).

NAV/Share

$24.64

AUM

$1.6B

Positions

141

Strategy

Private Credit

Wtd. Avg. Coupon

9.2%

Wtd. Avg. Spread

6 bps

Wtd. Avg. Maturity

4.6 yrs

98% coverage

Top 10 Concentration

34.1%

Instrument type

Share of portfolio fair value

First Lien

98%

of fair value

First Lien97.8%

Unsecured0.1%

Equity2.0%

Industry exposure

Share of holdings fair value

Top 5

93%

of holdings

Consumer Discretionary8.9%

Energy6.3%

Information Technology5.5%

Financials4.2%

Health Care2.9%

Industrials1.7%

Communication Services1.6%

Materials0.5%

Unknown68.5%

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.