Fortress Private Lending Fund Announces August Distribution; Reports NAV $24.2066

What Happened

• Fortress Private Lending Fund filed an 8-K on August 24, 2026 reporting a net asset value (NAV) per Class I share of $24.2066 as of July 31, 2026 and aggregate NAV of approximately $1.1 billion.
• The fund declared a monthly distribution of $0.1834 per Class I share on August 20, 2026, payable to holders of record at close of business on August 31, 2026 (payment on or about September 22, 2026), with a cash-or-reinvestment option.
• In August 2026 the company completed an unregistered/private sale of 309,338 Class I shares for aggregate consideration of $7.488 million (purchase price = NAV as of July 31, 2026). The offering is being made on a continuous, exempt basis to accredited investors.

Key Details

• NAV per Class I share (July 31, 2026): $24.2066; aggregate NAV: ≈ $1.1 billion.
• Portfolio fair value: ≈ $1.9 billion across 91 portfolio companies and 20 industries; outstanding debt: ≈ $884.9 million.
• Portfolio composition (by fair value): ~98.2% first lien, ~99.9% floating-rate debt; weighted avg portfolio yield: 9.9%; directly originated debt yield: 10.1%.
• Portfolio metrics (direct loans): median EBITDA $81.6M; weighted average net loan-to-value 46.8%; interest coverage 2.8x.
• Shares issued: 45,161,765 Shares sold for ≈ $1.1 billion (does not include reinvested distributions); issued & outstanding as of Aug 1, 2026: 45,746,757 Shares. No public market for the Shares.

Why It Matters

• The declared distribution and NAV provide current income and a snapshot of the fund’s per-share value for investors; the distribution can be taken as cash or reinvested to buy more shares.
• Portfolio and leverage metrics (fair value, debt outstanding, yields, LTV, interest coverage) summarize the fund’s size, risk profile and income-generating potential—useful for income-focused investors evaluating credit quality and yield.
• The recent private share sale and ongoing exempt offering show the fund is raising capital privately (limited to accredited investors) and still has no public market—liquidity for existing shareholders remains constrained.
• All portfolio and NAV figures are preliminary as of August 20, 2026 and may change when the company files its quarterly Form 10-Q; investors should not place undue reliance on the preliminary figures.