First Eagle Private Credit Fund 8-K

What Happened
First Eagle Private Credit Fund (the Fund) filed an 8-K on March 24, 2026 announcing regular distributions for March 2026 and reporting the Fund’s net asset value (NAV) as of February 28, 2026. The Fund declared distributions payable April 29, 2026 to shareholders of record at the open of business on March 31, 2026; distributions may be paid in cash or reinvested under the Fund’s reinvestment plan.

Key Details

• Distribution amounts declared (per share): Class I $0.210 gross / $0.210 net; Class D $0.210 gross / $0.205 net (reflects $0.005 shareholder servicing/distribution fee for Class D). Payable April 29, 2026 to recordholders as of March 31, 2026.
• NAV per share as of Feb 28, 2026: Class I $23.97; Class D $23.97. Aggregate NAV: $298.6 million.
• Investment portfolio fair value: approximately $553.9 million; weighted average tenor 3.861 years; principal debt outstanding $306.3 million; resulting debt-to-equity ratio 1.03x.
• Direct Lending portfolio yields (as of Feb 28, 2026): weighted average yield on debt and income-producing investments 9.50% (at cost and at fair value).
• Shares and offering status: Shares outstanding as of Feb 28, 2026 — Class I: 12,454,339; Class D: 4,205. The Fund continues a continuous public offering of up to $5.0 billion and has sold unregistered shares in a private offering; total common shares issued in Offering and Private Offering reported as 12,480,810 for total consideration of ~$304.0 million.
• Form 8-K signed by Jennifer Wilson, Chief Financial Officer and Treasurer (dated March 24, 2026).

Why It Matters
The filing gives investors the concrete distribution amounts and payment timetable, plus an updated NAV and portfolio snapshot. Key metrics — NAV, portfolio fair value, debt level and debt-to-equity ratio, and the reported ~9.50% yield on lending assets — help shareholders evaluate current income generation, portfolio size and leverage. The ongoing public offering note indicates the Fund is continuing to raise capital, which can affect future portfolio growth and liquidity.