Private company

Fidelity Private Credit Co LLC

Fidelity Private Credit Co LLC is an investment fund that raised $808.2 million in 2021 (SEC Form D).1 It is headquartered in Boston, Massachusetts.1

Last updated Oct 20, 2026.

Overview

  • HeadquartersBoston, Massachusetts1
  • Incorporated inDE2
  • Business address245 Summer Street, Boston, Ma 021102
  • Filer category, Emerging growth company2
  • Legal formLimited Liability Company
  • Kind of organizationInvestment fund1

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Fidelity Private Credit Company LLC (the “Fund,” “we,” “us” or “our”) was formed on September 16, 2021, as a Delaware limited partnership named Fidelity Direct Lending Fund L.P. On January 31, 2023, Fidelity Direct Lending Fund, L.P. converted to a Delaware limited liability company and was renamed Fidelity Private Credit Central Fund LLC, a Delaware limited liability company. On June 1, 2023, the Fund elected to be regulated as a business development company (“BDC”). The conversion by operation of law of Fidelity Direct Lending Fund, L.P. to Fidelity Private Credit Central Fund, LLC by filing a certificate of conversion to a limited liability company is hereinafter referred to as the “BDC Conversion”. On March 11, 2024, the Fund was renamed Fidelity Private Credit Company LLC. The Fund has elected to be treated, and intends to qualify annually, for U.S. federal income tax purposes as a …4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56$75.2M in 2025+276% since 2022
0$25.0M$50.0M$75.0M$100.0M2022: $20.0M$20.0M20222023: $95.3M$95.3M2023+376%2024: $87.6M$87.6M2024−8%2025: $75.2M$75.2M2025−14%
Fiscal year202120222023202420252026
Interest$5.1M5$52.7M5$62.5M5
Income tax$06$900.0K6$300.0K6
Net income$20.0M5$95.3M6$87.6M6$75.2M6

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Corporate structure

Fidelity Private Credit Co LLC sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Fidelity Private Credit Co LLC

  • FMR LLC Filed SCHEDULE 13G/A on Fidelity Private Credit Co LLC, latest Aug 7, 2026 (3 filings since Jul 10, 2023)
  • Fidelity Private Credit Co LLC Boston, Massachusetts
    • FDLF CA SPE LLC Subsidiary · Delaware, United States
    • Fidelity Direct Lending Fund 1 Blocker LLC Subsidiary · Delaware, United States
    • Fidelity Direct Lending Fund I JSPV LLC Subsidiary · Delaware, United States
    • Fidelity Direct Lending Tactical 1 LLC Subsidiary · Delaware, United States
    • Fidelity Direct Lending Tactical 2 LLC Subsidiary · Delaware, United States
    • Fidelity Direct Lending Tactical 3 LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Fidelity Private Credit Co LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

The Fund does not own any real estate or other physical properties materially important to its operation. The Fund’s corporate headquarters is located at 245 Summer Street, Boston, Massachusetts 02210. The Fund believes that its office facilities are suitable and adequate for its business as it is currently conducted.

Item 2 of the 10-K filed Mar 23, 2026.4

Leadership

Who has led Fidelity Private Credit Co LLC, and when. Pick a name to see everywhere that person has worked.

President

  1. Heather Bonner2023

Chief financial officer

  1. Stephanie A. Caron2024–now
2025
Board members and other officers (15)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chairman of the Board of the IssuerDavid B Jones named Dec 17, 202528

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • FDLF CA SPE LLC Delaware3
  • Fidelity Direct Lending Fund 1 Blocker LLC Delaware3
  • Fidelity Direct Lending Fund I JSPV LLC Delaware3
  • Fidelity Direct Lending Tactical 1 LLC Delaware3
  • Fidelity Direct Lending Tactical 2 LLC Delaware3
  • Fidelity Direct Lending Tactical 3 LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Fidelity Private Credit Central Fund LLCApr 10, 2023 to Mar 11, 20242
  • Fidelity Direct Lending Fund, LPDec 17, 2021 to Dec 28, 20222

Timeline

  1. Jul 14, 20268-K Entered a material agreement; New debt or obligation29
  2. Mar 27, 20268-K Entered a material agreement30
  3. Dec 1, 20258-K Entered a material agreement; New debt or obligation31
  4. Nov 12, 20258-K Executive or director change32
  5. Aug 26, 20258-K Entered a material agreement; New debt or obligation33
  6. Aug 12, 20258-K Entered a material agreement; New debt or obligation34
  7. Jun 18, 20258-K Entered a material agreement; New debt or obligation35
  8. Apr 1, 20258-K Unregistered sale of shares36
  9. Feb 25, 20258-K Unregistered sale of shares37
  10. Dec 2, 20248-K Entered a material agreement; New debt or obligation; Executive or director change38
  11. Nov 22, 20248-K Unregistered sale of shares39
  12. Oct 31, 20248-K Unregistered sale of shares40

Calendar

When it reported results

  1. Apr 3, 2024Reported quarterly or annual results41
  2. Sep 29, 2023Reported quarterly or annual results42

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

82 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 21 major events, 22 insider forms, 3 large holders, 5 private raises, 19 other. The latest 20:

  1. Aug 7, 2026SCHEDULE 13G/A EDGAR
  2. Aug 3, 202615-12G EDGAR
  3. Jul 14, 20268-K EDGAR
  4. May 8, 202610-Q EDGAR
  5. Mar 27, 20268-K EDGAR
  6. Mar 23, 202610-K EDGAR
  7. Feb 25, 2026CORRESP EDGAR
  8. Feb 9, 2026CORRESP EDGAR
  9. Jan 7, 2026SC TO-I/A EDGAR
  10. Dec 17, 2025D/A EDGAR
  11. Dec 5, 20253 EDGAR
  12. Dec 1, 20258-K EDGAR
  13. Nov 26, 2025SC TO-I EDGAR
  14. Nov 12, 202510-Q EDGAR
  15. Nov 12, 20258-K EDGAR
  16. Oct 6, 2025SC TO-I/A EDGAR
  17. Aug 28, 2025SC TO-I EDGAR
  18. Aug 26, 20258-K EDGAR
  19. Aug 14, 202510-Q EDGAR
  20. Aug 12, 20258-K EDGAR

The 82 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • FMR LLCSCHEDULE 13G/A, 3 filings Jul 10, 2023 to Aug 7, 202643

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 29, 2021Raised $808.2 million in a private offering of equity Form D: 14 investors so far Form D

SEC filer profile

How Fidelity Private Credit Co LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFidelity Private Credit Co LLC1
  • CIK0001899996
  • Employer ID (EIN)87-27223344
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Business address245 Summer Street, Boston, MA 021101
  • Phone617-563-70001
  • Shares outstanding86,084,392 as of May 4, 20269
  • Public float$0 as of Dec 31, 20256
  • AuditorDeloitte & Touche LLP, Boston, Massachusetts PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceDec 17, 20211
  • Filings93 in all: 8-K (21), 3 (19), 10-Q (9), 40-APP/A (7), 40-APP (5), D/A (4), SC TO-I (4), SC TO-I/A (4)1
    All 21 form types

    10-K (3), 4 (3), CORRESP (3), 40-17G (2), 10-12G (1), 10-12G/A (1), 15-12G (1), D (1), N-54A (1), SC 13G (1), SC 13G/A (1), SCHEDULE 13G/A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 23, 2026
    Quarterly report (10-Q) May 8, 2026
    Latest 8-K (8-K) Jul 14, 2026

Risk factors and legal proceedings

The risks Fidelity Private Credit Co LLC names in Item 1A of its 10-K filed Mar 23, 2026: 74 risks under these headings, as written.4

  • Risks Relating to an Investment in the Fund
  • Risk of Failure to Achieve Investment Objective.
  • Competition with Other Entities, Including Commercial Banks, Commercial Financing Companies, BDCs, Insurance Companies and Other Private Funds.
  • Risk of Dependence on Key Personnel of the Adviser.
  • Fund Investors have No Right to Control the Fund’s Operations.
  • The Fund’s Assets are Subject to Recourse.
  • No Assurance the Fund Will be Able to Obtain Leverage.
  • No Assurance of the Availability of Leverage.
  • Obtaining a Rating from a Credit Rating Agency.
  • Expedited Investment Decisions.
  • Compliance with Applicable Law.
  • Possession of Material Non-Public Information, Limiting the Adviser’s Discretion.
The other 63 risks
  • Systems and Operational Risks.
  • Reliance on Data; Data Errors.
  • Public Disclosure Obligations.
  • Artificial Intelligence and Machine Learning Risks.
  • Electronic Delivery of Information Risk.
  • Rights Against Third Parties, Including Third-Party Service Providers.
  • Consultation with Sourcing and Operating Partners Risk.
  • Timing of Realization of Investments.
  • Risks Relating to the Use of Proceeds.
  • Changes in the Fund’s Investment Objective, Operating Policies or Strategies Without Prior Notice or Investor Approval.
  • Changes to the Fund’s LLC Agreement Without Prior Investor Approval.
  • Allocation of Investment Opportunities and Related Conflicts.
  • Timing of Repurchase May be Disadvantageous.
  • Pandemics and Natural Disasters Risk.
  • Risks Relating to the Fund’s Investments
  • Risks Associated with Portfolio Companies.
  • Risks Relating to Securities Lending.
  • Follow-On Investments in Portfolio Companies.
  • Equity Interests in Portfolio Companies.
  • Defaults by Portfolio Companies.
  • Adverse Developments in the Debt Capital Markets.
  • Temporary Investments; Use of Cash and Cash Equivalents Risk.
  • Insolvency of Issuers, Counterparties, and Intermediaries.
  • Debt Guaranteed by a Subsidiary of the Issuer Risk.
  • Loans with Limited Amortization Requirements Risk.
  • Risks Related to Changes in Interest Rates.
  • Structured Credit Instruments Risk.
  • Illiquidity of Fund Investments Risk.
  • Distressed and Highly Leveraged Companies Risk.
  • Bankruptcy Involving Non-U.S. Companies Risk.
  • Investments in Special Situations Risk.
  • Investments in Portfolio Companies in Regulated Industries Risk.
  • Original Issue Discount and Payment-In-Kind Interest Risks.
  • Risk of No Controlling Equity Interests.
  • Minority Investments and Joint Ventures Risk.
  • Fraudulent Conveyances and Voidable Preferences by Issuers.
  • Risk of Default Under a Credit Facility.
  • Risks Relating to Certain Regulatory and Tax Matters
  • Regulations Governing the Fund’s Operation as a BDC.
  • Investing a Sufficient Portion of Assets in Qualifying Assets.
  • New or Modified Laws or Regulations Governing Our Operations.
  • The Fund is Subject to Risks Relating to Pay-to-Play Laws, Regulations and Policies.
  • Government Policies, Changes in Laws, and International Trade.
  • European Union General Data Protection Regulation.
  • Potential Controlled Group Liability.
  • Compliance with the SEC’s Regulation Best Interest.
  • Federal Income Tax Risks
  • Paying Required Distributions.
  • “Publicly Offered Regulated Investment Company” Tax Issue.
  • Legislative or Regulatory Tax Changes.
  • Risks Related to the Private Offering
  • Illiquid Nature of the Fund’s Units.
  • Possibility of the Need to Raise Additional Capital.
  • Severe Economic Consequences of Defaulting Unit Holders.
  • The foregoing list of risk factors does not purport to be a complete enumeration or explanation of the risks involved in an investment in the Fund. In addition, as the Fund’s investment program develops and changes over time, an investment in the Fund may be subject to additional and different risk factors.
  • Conflicts of Interest
  • Relationship among the Fund, the Adviser and the Portfolio Managers.
  • Transaction Fees and Other Fees.
  • Policies and Procedures of the Adviser and its Affiliates.
  • Conflicts of Interest Generally.
  • Diverse Membership; Relationships with Fund Investors.
  • Outside Activities of Principals and Other Personnel and their Related Parties.
  • Conflicts with Portfolio Companies.
  • Selection of Service Providers.
  • Material, Non-Public Information.
  • Loan Agreements with Affiliates.
  • Buying and Selling Investments or Assets from Certain Related Parties.
  • Other Affiliate Transactions and Investments in Different Levels of Capital Structure.

Legal proceedings

The Fund is not currently subject to any material legal proceedings, nor, to the Fund’s knowledge, is any material legal proceeding threatened against the Fund. From time to time, the Fund may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Fund’s rights under loans to or other contracts with the Fund’s portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, the Fund does not expect that these proceedings will have a material effect upon the Fund’s financial condition or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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