First Eagle Private Credit Fund Declares August 2026 Distributions, Reports July NAV

What Happened

• First Eagle Private Credit Fund filed an 8-K (Aug 20, 2026) announcing it declared regular distributions on Aug 19, 2026 and reporting net asset value (NAV) and portfolio metrics as of July 31, 2026.
• Distributions: Class I — gross $0.210/share (no servicing fee), Class D — gross $0.210/share with $0.005/share servicing/distribution fee (net $0.205). Record date: open of business Aug 31, 2026. Payment date: Sept 29, 2026. Distributions will be paid in cash or reinvested under the Fund’s reinvestment plan.
• NAV and portfolio (as of July 31, 2026): NAV per share — Class I $23.74; Class D $23.74. Aggregate NAV $294.9 million; investment portfolio fair value approx. $553.4 million; weighted average tenor 3.651 years; principal debt outstanding $278.6 million; debt-to-equity ratio 0.94x.
• Direct lending portfolio yields: weighted average yield on debt and income-producing investments — 9.53% (at cost) and 9.58% (at fair value).

Key Details

• Distribution amounts and dates: Class I $0.210/share; Class D $0.210 gross / $0.205 net; record Aug 31, 2026; pay Sept 29, 2026.
• NAV per share (7/31/2026): Class I $23.74; Class D $23.74; aggregate NAV $294.9M; portfolio fair value ~$553.4M; debt-to-equity = 0.94x.
• Direct lending yields: 9.53% (cost) and 9.58% (fair value); weighted average tenor = 3.651 years.
• Offering status and capital raised: Fund is offering up to $5.0B continuously; combined Offering and Private Offering issued 12,484,576 shares for total consideration of ~$304.1M (private offering accounted for ~12.47M shares and $303.8M).

Why It Matters

• The declared distributions give investors the expected cash or reinvested return for September and indicate the Fund is continuing regular income payments. The small servicing fee on Class D reduces the net payout for those shares.
• NAV and portfolio figures provide a snapshot of per-share value, portfolio size and leverage: a debt-to-equity ratio near 1.0x shows meaningful use of leverage in the capital structure, which affects risk and return.
• Direct lending yields near 9.5% show the Fund’s income-generating profile on its debt investments, while the ongoing public and private offerings (≈$304M issued to date) show continued capital raising to support growth.