First Eagle Private Credit Fund 8-K

What Happened

• First Eagle Private Credit Fund filed an 8-K on June 23, 2026 reporting results of its June 17, 2026 Annual Meeting and other updates. Shareholders present or by proxy totaled 12,403,652 shares (about 99.88% of shares entitled to vote).
• Two trustees, Nancy Hawthorne and Patrick Coyne, were elected as Class I trustees to serve until the 2029 Annual Meeting. Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the Fund’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
• On June 22, 2026 the Fund declared regular June distributions payable July 30, 2026 to shareholders of record as of June 30, 2026: Class I gross/net $0.210 per share; Class D gross $0.210, net $0.205 (after $0.005 servicing fee).
• The filing disclosed the Fund’s NAV and portfolio metrics as of May 31, 2026: NAV per share $23.86 (both Class I and D); aggregate NAV $296.4 million; investment portfolio fair value ≈ $555.7 million; weighted average tenor 3.75 years; principal debt outstanding ~$275.8 million; debt-to-equity ratio 0.93x. The Direct Lending portfolio showed a weighted average yield of 9.43%.

Key Details

• Annual Meeting quorum: 12,403,652 shares present (≈99.88% of 12,418,134 voting shares).
• Trustees elected: Nancy Hawthorne and Patrick Coyne (Class I, term through 2029).
• June distribution: payable July 30, 2026; Class I $0.210/share (net), Class D $0.205/share (net).
• May 31 portfolio snapshot: NAV $23.86/share, aggregate NAV $296.4M, portfolio fair value ~$555.7M, debt-to-equity 0.93x, Direct Lending yield 9.43%.

Why It Matters

• Trustee elections and auditor ratification maintain board and auditing continuity, which can reassure investors about governance and reporting stability.
• The declared distributions provide near-term cash or reinvestment options for shareholders and are a key driver of total return for income-focused investors.
• NAV, portfolio size, leverage (0.93x), and the 9.43% Direct Lending yield give concrete, recent metrics about the Fund’s scale, income-generating profile, and leverage—useful for assessing risk and yield expectations.
• The Fund is actively raising capital (continuous public offering up to $5.0B plus a large private offering already issued), which may affect future share count and capital deployment.