Fidelity Private Credit Fund reports 9.19% annualized distribution rate; Class I YTD return 1.71%

Fidelity Private Credit Fund

Distribution rate annualized 9.19% as of 3/31/26; weighted avg mark 98.7.
Class I YTD return 1.71%, 1-yr 7.39%, since inception 10.26% (3/13/23).
Portfolio 98.5% first lien senior secured, 99.8% floating rate; net leverage 4.5x, interest coverage 2.4x.
Oil shock pushed Brent to $120; interest rates rose 30-50 bps in late Q1; cautious near-term outlook.
Selected new investments in health care tech, ENT services, and aerospace/defense manufacturing.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fidelity Private Credit Fund reported financial results for Q1 2026.

Period: Q1 2026
Result: reported results

Exact text from the filing

INVESTMENT STRATEGY QUARTERLY Fidelity Private Credit Fund Q1 2026

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Source: SEC EDGAR

accession 0001193125-26-223350

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