Fidelity Private Credit Fund (“FPCF” or “the company”) is a Delaware incorporated, Massachusetts-based, non-diversified, non-exchange traded, perpetual-life, closed-end investment management company regulated as a business development company (“BDC”) under the Investment Company Act of 1940. For tax purposes, the company has elected to be treated as a regulated investment company (“RIC”). The company commenced operations in March 2023.
The company is externally managed by Fidelity Diversifying Solutions LLC (“the Adviser”), a registered investment advisory company and an affiliate of FMR LLC (“Fidelity” or “FMR”), an investment company with $7.1 trillion of total discretionary assets.
Key Credit Considerations
FPCF benefits from its ties to FMR, including extensive Levered Credit Platform, encompassing $974 billion of fixed income AUM, ~$40 billion of which is leveraged loan AUM and just under $10 billion AUM in direct lending based on…
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