Fidelity Private Credit Co LLC

For FY 2025 ended December 31, 2025, the Fund reported total investment income of $179.2 million, a slight decline from $180.7 million in FY 2024, primarily due to lower SOFR rates impacting floating-rate debt yields, partially offset by additional fees. Net investment income after taxes remained stable at $102.5 million versus $102.5 million prior year. However, net realized gains of $4.4 million were offset by $31.7 million in unrealized depreciation, leading to a net increase in net assets from operations of $75.2 million, down from $87.6 million in 2024. The investment portfolio at fair value held steady at $1.64 billion, with a weighted average yield of 9.35% on debt and income-producing investments. Total assets reached $1.70 billion, supported by $893.4 million in debt. Net assets totaled $782.7 million, with NAV per unit at $9. Operating cash flow was $22.4 million, while financing activities used $22.1 million net. The stable portfolio and consistent income highlight resilience in a declining rate environment, positioning the BDC for current income generation amid middle-market private credit focus.

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