Fidelity Private Credit Co LLC Files 10-Q for Q2 2025
| Field | Detail |
|---|---|
| Company | Fidelity Private Credit Co LLC |
| Form Type | 10-Q |
| Filed Date | Aug 14, 2025 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 17 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, private credit
TL;DR
Fidelity Private Credit Co LLC filed its Q2 2025 10-Q on Aug 14, 2025. Check financials.
AI Summary
Fidelity Private Credit Co LLC filed its 10-Q for the period ending June 30, 2025. The filing details the company's financial performance and operations. Key financial data and operational updates are provided within the report, which was filed on August 14, 2025.
Why It Matters
This filing provides investors and analysts with crucial financial data for Fidelity Private Credit Co LLC, enabling informed investment decisions regarding the company's performance and outlook.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks indicated in the provided metadata.
Key Numbers
- Q2 2025 — Reporting Period (The second quarter of 2025 financial results are detailed.)
Key Players & Entities
- Fidelity Private Credit Co LLC (company) — Filer of the 10-Q
- 20250630 (date) — End of the reporting period
- 20250814 (date) — Filing date of the 10-Q
- 0001899996 (company) — Central Index Key for Fidelity Private Credit Co LLC
FAQ
What is the primary business of Fidelity Private Credit Co LLC?
The filing metadata does not explicitly state the primary business, but the name suggests it is involved in private credit investments.
When was the 10-Q filing submitted?
The 10-Q filing was submitted on August 14, 2025.
What period does this 10-Q cover?
This 10-Q covers the period ending on June 30, 2025.
Has Fidelity Private Credit Co LLC undergone any name changes?
Yes, the company was formerly known as Fidelity Private Credit Central Fund LLC (name change on 20230209) and Fidelity Direct Lending Fund, LP (name change on 20211216).
What is the company's state of incorporation?
Fidelity Private Credit Co LLC is incorporated in Delaware (DE).
Filing Stats: 4,185 words · 17 min read · ~14 pages · Grade level 11.9 · Accepted 2025-08-14 16:14:05
Filing Documents
- ck0001899996-20250630.htm (10-Q) — 12861KB
- ck0001899996-ex31_1.htm (EX-31.1) — 18KB
- ck0001899996-ex31_2.htm (EX-31.2) — 18KB
- ck0001899996-ex32_1.htm (EX-32.1) — 10KB
- ck0001899996-ex32_2.htm (EX-32.2) — 10KB
- 0000950170-25-108878.txt ( ) — 34930KB
- ck0001899996-20250630.xsd (EX-101.SCH) — 1526KB
- ck0001899996-20250630_htm.xml (XML) — 9324KB
Notes to Consolidated Financial Statements (unaudited)
Notes to Consolidated Financial Statements (unaudited) 38 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 62 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 75 Item 4.
Controls and Procedures
Controls and Procedures 75 PART II. OTHER INFORMATION 76 Item 1.
Legal Proceedings
Legal Proceedings 76 Item 1A.
Risk Factors
Risk Factors 76 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 76 Item 3. Defaults Upon Senior Securities 76 Item 4. Mine Safety Disclosures 76 Item 5. Other Information 76 Item 6. Exhibits 77
Signatures
Signatures 78 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are current expectations, estimates, and projections of Fidelity Private Credit Company LLC (the "Fund," "we," "us" or "our") and/or Fidelity Diversifying Solutions LLC ("FDS" or the "Adviser") about the Fund, our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. "Fund," "we," "us" or "our" refers to Fidelity Direct Lending Fund, LP, a Delaware limited partnership for periods prior to consummation of the BDC Conversion (as defined below), refers to Fidelity Private Credit Central Fund LLC, a Delaware limited liability company for periods following the BDC Conversion. "BDC Conversion" refers to the conversion by operation of law of Fidelity Direct Lending, LP to Fidelity Private Credit Central Fund LLC by the filing of a Certificate of Conversion to a limited liability company on January 31, 2023, and the Fund's subsequent election to be regulated as a BDC. On March 11, 2024, the Fund was renamed Fidelity Private Credit Company LLC. Forward-looking statements can be identified by the use of forward-looking terminology such as "may," "will," "should," "seek," "expect," "anticipate," "project," "estimate," "intend," "continue," "target," or "believe" or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Fund may differ materially from those reflected or contemplated in such forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Consolidated Financial Statements
Item 1. Consolidated Financial Statements . Fidelity Private Credit Company LLC Consolidated Statements of Assets and Liabilities June 30, 2025 December 31, 2024 (unaudited) Assets Investments at fair value Non-controlled / non-affiliate investments (amortized cost $ 1,631,264,788 and $ 1,590,134,722 as of June 30, 2025 and December 31, 2024, respectively) $ 1,612,653,165 $ 1,583,881,521 Cash 15,813,633 33,804,984 Foreign cash (cost $ 25,966 and $ 14,073 as of June 30, 2025 and December 31, 2024, respectively) 25,637 13,914 Deferred financing costs 10,209,289 6,507,716 Receivables from sales and paydowns of investments 2,896,229 3,099,283 Interest receivable 30,004,428 14,127,573 Prepaid expenses and other assets 35,667 146,324 Total Assets $ 1,671,638,048 $ 1,641,581,315 Liabilities Debt 850,381,862 868,361,752 Due to custodian — 155,575 Payable for purchases of investments 409,451 319,262 Interest payable 13,158,199 14,820,731 Management fee payable 833,502 797,625 Due to affiliates, net 172,164 188,679 Other accounts payable and accrued liabilities 1,058,806 1,391,913 Total Liabilities $ 866,013,984 $ 886,035,537 Commitments and Contingencies (Note 7) Net Assets Paid-in-capital in excess of par value 816,031,514 763,124,223 Total distributable earnings (loss) ( 10,407,450 ) ( 7,578,445 ) Total Net Assets $ 805,624,064 $ 755,545,778 Total Liabilities and Net Assets $ 1,671,638,048 $ 1,641,581,315 Net Asset Value per unit ( 83,534,497 and 78,091,599 units issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) $ 9.64 $ 9.68 The accompanying notes are an integral part of these consolidated financial statements 1 Fidelity Private Credit Company LLC Consolidated Statements of Operations (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025