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|8-KFeb 27, 10:03 AM ET

Fidelity Private Credit Fund 8-K

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Fidelity Private Credit Fund Declares Feb 2026 Distributions, Reports NAV

What Happened Fidelity Private Credit Fund filed an 8-K (Feb 27, 2026) announcing cash distributions for each share class and reporting net asset values as of Jan 31, 2026. On Feb 27, 2026 the Fund declared regular distributions of $0.1750 per share for all classes (with class-specific servicing fees) and a variable supplemental distribution of $0.0160 per share. Distributions are payable to shareholders of record as of the open of business on Feb 27, 2026 and will be paid or reinvested on or about March 31, 2026.

Key Details

  • Distributions (declared Feb 27, 2026):
    • Class I: Gross $0.1750; servicing fee $—; Net $0.1750 (plus $0.0160 supplemental → total $0.1910).
    • Class S: Gross $0.1750; servicing fee $0.0178; Net $0.1572 (plus $0.0160 supplemental → total $0.1732).
    • Class D: Gross $0.1750; servicing fee $0.0052; Net $0.1698 (plus $0.0160 supplemental → total $0.1858).
    • Distributions may be paid in cash or reinvested under the Fund’s distribution reinvestment plan.
  • NAV and balance sheet snapshot (as of Jan 31, 2026):
    • NAV per share: Class I $25.14; Class S $25.11; Class D $25.14.
    • Aggregate NAV $1.3 billion; fair value of investment portfolio $2.3 billion; principal debt outstanding $1.1 billion; debt-to-equity ≈ 0.80x.
  • Offering status:
    • The Fund is conducting a continuous public offering up to $4.0 billion.
    • Through the Feb 1, 2026 subscription date, total shares issued = 53,671,891 with total consideration ≈ $1,368.3 million (Offering + Private Offering). The Fund intends to continue monthly sales.

Why It Matters For shareholders, the filing confirms a scheduled distribution payment (regular plus supplemental) and the option to receive cash or reinvest. The Jan 31 NAVs and reported portfolio, debt and leverage figures give a current snapshot of the Fund’s size and financial structure. The ongoing $4.0 billion offering (≈ $1.37 billion issued to date) shows continued capital raising that may affect future share issuance and growth of the portfolio.