Fortress Private Lending Fund Announces June NAV, July Distribution and $24.9M Share Sale

What Happened

• Fortress Private Lending Fund filed an 8-K on July 22, 2026, reporting a Class I NAV of $24.1828 per share as of June 30, 2026 and declaring a July 2026 distribution of $0.1834 per Class I share (record date July 31, payable on or about August 21, 2026).
• The Company sold 1,029,197 Class I common shares in July 2026 for aggregate proceeds of $24.889 million; the per-share purchase price equaled the NAV per share as of June 30, 2026. The sale was completed under exemptions to registration (Section 4(a)(2), Rule 506(b)/Regulation D and Regulation S) to accredited investors.

Key Details

• NAV and balance sheet snapshots (as of June 30, 2026): Class I NAV $24.1828; aggregate NAV ≈ $1.1 billion; portfolio fair value ≈ $1.9 billion; debt outstanding ≈ $888.5 million.
• Portfolio composition (fair value basis): ~$1.9B across 91 portfolio companies in 21 industries; ~98.2% first lien; ~99.9% floating-rate. Directly originated debt: median EBITDA $82.4M; weighted average net loan-to-value 46.8%; interest coverage 2.9x.
• Yield metrics (fair value): weighted average yield — directly originated debt 10.1%; overall portfolio 9.8%.
• Share and offering status: Company has issued 44,852,427 Shares for aggregate consideration of ~$1.1B (does not include shares via the distribution reinvestment plan); total shares issued and outstanding = 45,373,201. No established public market for the Shares; offering continues on an exempt continuous basis.

Why It Matters

• The filing gives investors an updated NAV, portfolio metrics and a declared monthly distribution, all of which affect income-focused investors’ income expectations and NAV-based valuations.
• The $24.9M share issuance was priced at NAV and sold to accredited investors under exemptions, which suggests limited immediate dilution impact per share but indicates ongoing private issuance and that the fund’s shares remain illiquid (no public market).
• Portfolio metrics (first-lien, floating-rate, mid-market EBITDA, near 10% yields and modest leverage relative to fair value) provide current indicators of credit profile and yield potential; figures are preliminary and may change in the forthcoming Form 10-Q.