First Eagle Private Credit Fund Declares Sept 2026 Distributions; Reports Aug NAV

What Happened

• First Eagle Private Credit Fund filed an 8-K (Sept. 22, 2026) announcing regular distributions declared on September 21, 2026 and reporting the fund’s net asset value (NAV) and portfolio metrics as of August 31, 2026.
• Distributions are payable in cash or via the Fund’s reinvestment plan, with record date September 30, 2026 and payment date October 29, 2026.

Key Details

• Distributions declared (per share): Class I — gross $0.210, shareholder servicing/distribution fee $0.000, net $0.210; Class D — gross $0.210, fee $0.005, net $0.205.
• NAV as of August 31, 2026: Class I $23.74; Class D $23.74. Aggregate NAV: $294.9 million.
• Portfolio and leverage (as of Aug. 31, 2026): investment portfolio fair value ≈ $531.4 million; weighted average tenor 3.631 years; principal debt outstanding ≈ $263.6 million; debt-to-equity ratio 0.89x.
• Direct Lending portfolio yields: weighted average yield at cost 9.34%; at fair value 9.39%.
• Fundraising/offerings: publicly offering up to $5.0 billion in common shares; total shares issued between the public Offering and a Private Offering totaled 12,493,843 for $304.4 million (does not include reinvestment-plan shares).

Why It Matters

• The declared distributions provide the immediate cash (or reinvestment) return investors receive for September 2026; net per-share amounts differ slightly by share class due to a servicing fee on Class D.
• Reported NAV, portfolio fair value, yield and leverage metrics give investors a snapshot of the Fund’s size, income generation (≈9.3% portfolio yields), and leverage (0.89x debt-to-equity) as of Aug. 31, 2026 — key inputs for assessing risk and income potential.
• Ongoing public and private offerings (up to $5.0B capacity, ~$304M sold so far) indicate continued capital raising, which can affect growth of the loan portfolio and future distribution capacity.