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 100% in first-lien senior secured loans and 95% floating-rate, at a weighted-average spread of 556 bps over the base rate.

NAV/Share

$24.64

AUM

$1.6B

Positions

149

Strategy

Private Credit

Wtd. Avg. Coupon

9.2%

Wtd. Avg. Spread

6 bps

Wtd. Avg. Maturity

4.6 yrs

94% coverage

Top 10 Concentration

32.6%

Instrument type

Share of portfolio fair value

First Lien

98%

of fair value

First Lien Senior Loans97.9%

Unsecured Loans0.1%

Equity1.9%

Industry exposure

Share of holdings fair value

Top 5

98%

of holdings

Information Technology5.3%

Financials4.0%

Energy3.3%

Consumer Discretionary2.8%

Industrials0.9%

Materials0.5%

Health Care0.3%

Unknown83.0%

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.