The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

BDC portfolio

Fidelity Private Credit Fund

BDCnon-tradedCIK 1920453file 814-01571BOSTON, MAmanaged by FIDELITY DIVERSIFYING SOLUTIONS LLC
Fair value
$2.3B
as of Jun 30, 2026
Principal held
$2.3B
debt pieces, the filer's figure
Cost
$2.3B
99c on cost
Unfunded
n/a
commitments not yet drawn
Positions
384
140 borrowers
First lien
12%
99% debt by fair value
Quarters on the tape
14
since Mar 31, 2023
Facilities held
310
17 sponsors financed
Portfolio through time
Fair value by quarter end$2.3B as of Jun 30, 2026
Mar 31, 2023$418M then
QuarterFair valueBorrowersOn costPIK pos.Avg spread
Jun 30, 2026$2.3B14099c18533 bp
Mar 31, 2026$2.3B14199c14530 bp
Dec 31, 2025$2.2B14099c11539 bp
Sep 30, 2025$1.9B13399c4542 bp
Jun 30, 2025$1.8B13395c2542 bp
Mar 31, 2025$8.9B142102c2528 bp
Dec 31, 2024$8.2B124100c0537 bp
Sep 30, 2024$5.5B114100c0535 bp
Jun 30, 2024$4.6B101101c0529 bp
Mar 31, 2024$3.8B76101c0556 bp
Dec 31, 2023$3.3B50101c0603 bp
Sep 30, 2023$1.7B34101c0615 bp
Jun 30, 2023$993M27101c0628 bp
Mar 31, 2023$418M16101c0631 bp

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed
No borrower on this schedule has a sponsor attribution yet.

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed
Every position change, including routine ones
Largest facilities held, with co-lenders
Schedule of investments at Jun 30, 2026
384 positions
BorrowerInstrumentPrincipalFair valueRateMaturity
Currier Plastics Acquisition, LLC
Paper & Plastic Packaging Products & Materials
term loan lien unstated$8.3M$8.2M
101c
SOFR+475 bpSep 19, 2031
Soteria Flexibles Corporation
Paper & Plastic Packaging Products & Materials
term loan first lien$8.2M$8.1M
100c
SOFR+475 bpAug 15, 2029
Eds Buyer, LLC
Electronic Components
term loan lien unstated$8.2M$8.1M
100c
SOFR+475 bpJan 10, 2029
Unified Service Partners, LLC
Specialized Consumer Services
term loan lien unstated$10.8M$8.0M
76c
SOFR+800 bp
PIK 4.00%
Apr 14, 2030
Currier Plastics Acquisition, LLC
Paper & Plastic Packaging Products & Materials
delayed draw term loan lien unstated$7.9M$7.8M
101c
SOFR+475 bpSep 19, 2031
Aeron Buyer, LLC
Aerospace & Defense
term loan lien unstated$8.0M$7.8M
99c
SOFR+525 bpJan 2, 2032
Dragonfly Pond Works
Environmental & Facilities Services
delayed draw term loan lien unstated$7.8M$7.8M
101c
SOFR+500 bpAug 16, 2031
Dragonfly Pond Works
Environmental & Facilities Services
term loan lien unstated$7.6M$7.6M
101c
SOFR+500 bpAug 16, 2031
Identiti Resources LLC
Diversified Support Services
delayed draw term loan lien unstated$7.6M$7.6M
101c
SOFR+500 bpNov 1, 2029
Bebright Mso, LLC
Health Care Services
delayed draw term loan lien unstated$7.3M$7.3M
101c
SOFR+575 bpJun 3, 2030
Solid Ground Solutions Acquisitions Inc
Specialized Consumer Services
delayed draw term loan lien unstated$7.3M$7.3M
101c
SOFR+500 bpMay 6, 2029
MMGY Global LLC
Advertising
term loan lien unstated$7.4M$7.2M
98c
SOFR+550 bpApr 26, 2029
Luminii LLC
Electrical Components & Equipment
delayed draw term loan lien unstated$7.1M$7.1M
102c
SOFR+600 bpMar 21, 2030
Dynamic Connections, Ltd
Air Freight & Logistics
term loan lien unstated$10.0M$7.0M
100c
//fidcredit.com/20260630#Canadian Overnight Repo Rate Average CORRA+550 bpNov 27, 2030
Preferred Securities Oil & Gas Storage & Transportation Plains All American Pipeline LP Type Floating Ratenotes lien unstated$7.0M$7.0M
100c
Kinetic Engines Systems Inc
Aerospace & Defense
term loan lien unstated$7.0M$7.0M
102c
SOFR+475 bpMay 3, 2029
VIP Medical US Buyer, LLC
Health Care Services
term loan first lien$7.0M$7.0M
101c
SOFR+525 bpDec 12, 2028
Ab Centers Acquisition Corporation
Health Care Services
term loan first lien$7.0M$7.0M
99c
8.89%Jul 2, 2031
Penn Quarter Partners, LLC
Advertising
term loan lien unstated$6.9M$6.9M
101c
SOFR+500 bpAug 25, 2031
Unified Service Partners, LLC
Specialized Consumer Services
delayed draw term loan lien unstated$9.2M$6.8M
76c
SOFR+800 bp
PIK 4.00%
Apr 14, 2030
Investments -- NCNA First Lien Debt Health Care Services Ferdelayed draw term loan first lien$6.6M$6.6M
101c
SOFR+500 bpJan 3, 2029
Dragonfly Pond Works
Environmental & Facilities Services
term loan lien unstated$6.6M$6.6M
101c
SOFR+500 bpAug 16, 2031
Midas Foods International LLC
Packaged Foods & Meats
term loan lien unstated$6.6M$6.6M
101c
SOFR+625 bpApr 30, 2029
Door Pro Buyer, LLC
Specialized Consumer Services
delayed draw term loan first lien$6.8M$6.4M
96c
SOFR+650 bpNov 2, 2029
Soteria Flexibles Corporation
Paper & Plastic Packaging Products & Materials
delayed draw term loan first lien$6.4M$6.4M
100c
SOFR+475 bpAug 15, 2029
Dynamic Connections, Ltd
Air Freight & Logistics
delayed draw term loan lien unstated$6.3M$6.3M
101c
SOFR+550 bpNov 27, 2030
Mse Supplies, LLC
Office Services & Supplies
term loan lien unstated$6.6M$6.1M
94c
SOFR+550 bpAug 14, 2030
Midas Foods International LLC
Packaged Foods & Meats
delayed draw term loan lien unstated$6.0M$6.0M
101c
SOFR+625 bpApr 30, 2029
Quick Solid Ground Solutions Acquisitions Inc
Specialized Consumer Services
term loan lien unstated$5.7M$5.7M
101c
SOFR+500 bpMay 6, 2029
Identiti Resources LLC
Diversified Support Services
term loan lien unstated$5.7M$5.7M
101c
SOFR+500 bpNov 1, 2029
Belt Power Holdings LLC
Trading Companies & Distributors
term loan first lien$5.7M$5.7M
101c
SOFR+500 bpAug 22, 2028
NE Ortho Management Services, LLC
Health Care Services
delayed draw term loan lien unstated$5.8M$5.7M
100c
SOFR+500 bpDec 13, 2030
Trutemp Acquisition LLC
Specialized Consumer Services
delayed draw term loan lien unstated$5.6M$5.6M
101c
SOFR+500 bpAug 26, 2031
Refresh Buyer LLC
Soft Drinks & Non-alcoholic Beverages
term loan lien unstated$5.5M$5.4M
99c
SOFR+475 bpDec 23, 2028
VIP Medical US Buyer, LLC
Health Care Services
term loan first lien$5.4M$5.4M
101c
SOFR+525 bpDec 12, 2028
Cub Financing Intermediate, LLC
Diversified Financial Services
delayed draw term loan lien unstated$5.4M$5.4M
101c
SOFR+475 bpJun 28, 2030
Tiger Healthcare Buyer, LLC
Health Care Services
delayed draw term loan lien unstated$5.7M$5.4M
95c
SOFR+650 bpFeb 27, 2030
Penn Quarter Partners, LLC
Advertising
delayed draw term loan lien unstated$5.2M$5.2M
101c
SOFR+500 bpAug 25, 2031
Erosion Intermediate Holdings LLC
Trading Companies & Distributors
delayed draw term loan lien unstated$5.2M$5.2M
100c
SOFR+600 bpSep 30, 2029
Pillr Health Intermediate II, LLC
Health Care Technology
delayed draw term loan lien unstated$5.1M$5.1M
101c
SOFR+475 bpDec 31, 2031
Lifecare Intermediate II, LLC
Health Care Services
term loan lien unstated$5.1M$5.0M
100c
SOFR+525 bpMay 20, 2030
R1 Holdings, LLC
Air Freight & Logistics
term loan lien unstated$5.2M$5.0M
98c
SOFR+675 bpDec 29, 2028
Prism Parent Co Inc.
Application Software
term loan first lien$5.0M$5.0M
102c
SOFR+500 bpSep 16, 2028
Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc.
Application Software
term loan first lien$5.0M$5.0M
101c
SOFR+450 bpDec 9, 2029
MoneyGram International Inc
Transaction & Payment Processing Services
term loan lien unstated$7.3M$4.9M
67c
SOFR+475 bpJun 3, 2030
Firmapak Intermediary LLC
Paper & Plastic Packaging Products & Materials
delayed draw term loan lien unstated$4.9M$4.9M
101c
SOFR+525 bpFeb 4, 2031
Professional Education Holdco, LLC
Education Services
term loan lien unstated$5.0M$4.9M
100c
16.00%
PIK 16.00%
Feb 26, 2032
Natgasoline LLC
Independent Power Producers & Energy Traders
term loan lien unstated$4.8M$4.8M
102c
SOFR+550 bpMar 29, 2030
Penn Quarter Partners, LLC
Advertising
term loan lien unstated$4.8M$4.8M
101c
SOFR+500 bpAug 25, 2031
C2dx, Inc
Health Care Supplies
delayed draw term loan lien unstated$4.8M$4.8M
100c
SOFR+575 bpMar 19, 2030
Houseworks Holdings, LLC
Health Care Services
term loan first lien$4.8M$4.7M
100c
SOFR+550 bpDec 15, 2028
Perimeter Solutions Group, LLC
Diversified Support Services
term loan lien unstated$4.6M$4.6M
100c
SOFR+500 bpOct 2, 2030
Modena Buyer LLC
Application Software
term loan lien unstated$4.9M$4.5M
94c
SOFR+425 bpJul 1, 2031
The Smilist Dso, LLC
Health Care Services
delayed draw term loan lien unstated$4.5M$4.5M
101c
SOFR+600 bpApr 4, 2029
Eversmith Brands Intermediate Holding Company
Diversified Support Services
term loan lien unstated$4.5M$4.5M
101c
SOFR+500 bpJun 17, 2030
American Trailer Rental Group, LLC
Diversified Support Services
term loan first lien$4.9M$4.5M
93c
SOFR+575 bpJun 1, 2027
ACP Avenu Midco LLC
Application Software
term loan lien unstated$4.4M$4.4M
101c
SOFR+500 bpOct 2, 2029
Infusion Services Management LLC
Health Care Facilities
delayed draw term loan first lien$4.3M$4.3M
100c
SOFR+500 bpJul 6, 2029
Erosion Intermediate Holdings LLC
Trading Companies & Distributors
term loan lien unstated$4.2M$4.2M
101c
SOFR+600 bpSep 30, 2029
Benefit Plan Administrators of Eau Claire, LLC
Diversified Financial Services
delayed draw term loan lien unstated$4.0M$4.0M
102c
SOFR+475 bpNov 1, 2030
Nutrail Acquisitionco, LLC
Packaged Foods & Meats
delayed draw term loan lien unstated$3.8M$3.8M
101c
SOFR+650 bpMay 23, 2030
Belt Power Holdings LLC
Trading Companies & Distributors
term loan first lien$3.7M$3.7M
101c
SOFR+500 bpAug 22, 2028
Horizon US Finco LP
Hotels, Resorts & Cruise Lines
term loan lien unstated$3.9M$3.7M
94c
SOFR+475 bpOct 31, 2031
CSC ServiceWorks East LLC
Diversified Support Services
term loan lien unstated$4.9M$3.7M
87c
SOFR+400 bpSep 4, 2030
Mustang Prospects Purchaser LLC
Specialized Consumer Services
delayed draw term loan lien unstated$3.7M$3.7M
101c
SOFR+525 bpJun 13, 2031
The Smilist Dso, LLC
Health Care Services
delayed draw term loan lien unstated$3.6M$3.6M
101c
SOFR+600 bpApr 4, 2029
RPX Corporation
Research & Consulting Services
term loan lien unstated$3.6M$3.6M
101c
SOFR+550 bpAug 2, 2030
Tighitco Inc
Aerospace & Defense
revolver lien unstated$3.6M$3.6M
101c
SOFR+600 bpFeb 28, 2030
Roofing Acquisition, LLC
Specialized Consumer Services
revolver lien unstated$4.0M$3.6M
90c
SOFR+625 bpNov 27, 2029
United PF Holdings LLC
Leisure Facilities
term loan lien unstated$4.9M$3.5M
71c
SOFR+400 bpDec 30, 2026
Solid Ground Solutions Acquisitions Inc
Specialized Consumer Services
term loan lien unstated$3.3M$3.3M
101c
SOFR+500 bpMay 6, 2029
LBM Acquisition LLC
Home Improvement Retail
term loan lien unstated$3.9M$3.3M
84c
SOFR+375 bpJun 6, 2031
NAM Acquisition Co LLC
Research & Consulting Services
delayed draw term loan lien unstated$3.2M$3.2M
101c
SOFR+450 bpJul 16, 2030
STG Distribution LLC
Air Freight & Logistics
term loan lien unstated$2.7M$3.2M
117c
8.00%
PIK 8.00%
Jul 13, 2026
Behavioral Framework LLC
Health Care Services
delayed draw term loan lien unstated$3.1M$3.1M
101c
SOFR+475 bpNov 20, 2031
Dynamic Connections, Ltd
Air Freight & Logistics
term loan lien unstated$3.1M$3.1M
101c
SOFR+550 bpNov 27, 2030
Cardenas Merger Sub LLC
Food Retail
term loan lien unstated$4.8M$3.0M
64c
SOFR+675 bpAug 1, 2029
Houseworks Holdings, LLC
Health Care Services
term loan first lien$3.0M$2.9M
100c
SOFR+550 bpDec 15, 2028
MMGY Global LLC
Advertising
term loan lien unstated$3.0M$2.9M
98c
SOFR+550 bpApr 26, 2029
Tex-Tech Industries Inc
Aerospace & Defense
delayed draw term loan lien unstated$2.8M$2.8M
101c
SOFR+500 bpJan 13, 2031
Eversmith Brands Intermediate Holding Company
Diversified Support Services
delayed draw term loan lien unstated$2.8M$2.8M
101c
SOFR+500 bpJun 17, 2030
Refresh Buyer LLC
Soft Drinks & Non-alcoholic Beverages
delayed draw term loan lien unstated$2.8M$2.7M
100c
SOFR+475 bpDec 23, 2028
Erosion Intermediate Holdings LLC
Trading Companies & Distributors
term loan lien unstated$2.6M$2.6M
100c
SOFR+600 bpSep 30, 2029
Aeron Buyer, LLC
Aerospace & Defense
revolver lien unstated$2.7M$2.6M
97c
SOFR+525 bpJan 2, 2032
Tex-Tech Industries Inc
Aerospace & Defense
revolver lien unstated$2.5M$2.5M
101c
SOFR+500 bpJan 13, 2031
Infusion Services Management LLC
Health Care Facilities
revolver first lien$2.6M$2.5M
101c
SOFR+500 bpJul 6, 2029
Dpt Management, LLC
Health Care Services
revolver lien unstated$2.5M$2.4M
97c
SOFR+550 bpDec 18, 2027
Consolidated Energy Finance SA
Fertilizers & Agricultural Chemicals
term loan lien unstated$2.5M$2.4M
103c
SOFR+450 bpNov 15, 2030
Pillr Health Intermediate II, LLC
Health Care Technology
revolver lien unstated$2.3M$2.3M
102c
SOFR+475 bpDec 31, 2031
Pla Buyer, LLC
Air Freight & Logistics
revolver lien unstated$2.3M$2.2M
98c
SOFR+700 bpNov 22, 2029
Mobotrex Ultimate Holdings, LLC
Trading Companies & Distributors
equity equityn/a$2.2M
147c
Unified Service Partners, LLC
Specialized Consumer Services
revolver lien unstated$2.6M$2.0M
76c
SOFR+800 bpApr 14, 2030
STG Distribution LLC
Air Freight & Logistics
term loan lien unstated$1.7M$2.0M
122c
SOFR+750 bp
PIK 7.25%
Oct 3, 2029
Routeware, Inc
Application Software
delayed draw term loan lien unstated$2.0M$2.0M
101c
SOFR+525 bpSep 18, 2031
STG Distribution LLC
Air Freight & Logistics
delayed draw term loan lien unstated$2.2M$1.9M
91c
8.00%
PIK 8.00%
Jul 13, 2026
Specialized Finance Nexus Buyer LLCterm loan lien unstated$2.0M$1.9M
98c
SOFR+350 bpJul 31, 2031
VS Buyer LLC
Application Software
term loan lien unstated$2.0M$1.9M
98c
SOFR+225 bpApr 14, 2031
National Power, LLC
Diversified Support Services
delayed draw term loan lien unstated$2.0M$1.9M
98c
SOFR+450 bpOct 20, 2029
Dragonfly Pond Works
Environmental & Facilities Services
delayed draw term loan lien unstated$1.8M$1.8M
104c
SOFR+500 bpAug 16, 2031
Woven Health Collective, LLC
Life Sciences Tools & Services
revolver lien unstated$1.7M$1.7M
101c
SOFR+475 bpOct 23, 2028
Page 2 of 4PreviousNext
Registration
Fiscal year end
1231reported
Incorporated
DEreported
On the SEC BDC report
2023 to 2026reported
Filings listed
15reported10-Q and 10-K since 2022
Former names
Fidelity Private Credit Trustreported
Latest schedule
0001193125-26-346851reported