Financial Highlights

3 Months Ended

Mar. 31, 2026

Investment Company, Financial Highlights [Abstract]

9. Financial Highlights


	Three months ended March 31,
Per Share Data1	2026				2025*
Net asset value at beginning of period	$	24.64			$	—
Net investment income (loss)		0.53				—
Net change in unrealized gains (loss) and net realized gains (losses)		(0.65	)			—
Net increase (decrease) in net assets from operations	$	(0.12	)		$	—
Capital Activity

Distributions	$	(0.51	)		$	—
Net increase (decrease) in capital activity		(0.51	)			—
Net asset value at end of period	$	24.01			$	—

Total return		(0.5	)	%		(200.0	)	%

Ratios3
Ratio of expenses before expense support and fee waivers to average net assets		1.8		%		(6,262.1	)	%
Expense support and fee waivers to average net assets2		(0.1	)			5,735.1
Ratio of expenses after expense support and fee waivers to average net assets		1.7				(527.0	)
Ratios of net investment income (loss) to average net assets		2.2				(475.7	)
Portfolio turnover rate		8.1		%		0.2		%

1 As of March 31, 2026, the per share data was derived by using the weighted average shares outstanding.

*As of March 31, 2025, the Company had not yet issued Shares or recorded equity, therefore the per share data is not applicable and the ratios and total returns are larger than if the Company had issued Shares or recorded equity.

2 Represents expenses the Adviser has elected to pay (in accordance with the Expense Support Agreement) and fees elected to waive on behalf of the Company.

3For three months ended March 31, 2026 and 2025, the ratios to average net assets were calculated using the average net assets.

Income and expenses have not been annualized in calculating these ratios.

Fortress Private Lending Fund 10-Q