Private Credit Portfolio Analysis | Fidelity Private Credit Co Reports Q1 2025 Results
- Editor
- May 13
- 2 min read
Whats New:
Fidelity Private Credit Co reported its Q1 2025 financial results, showing growth in assets and stockholders' equity compared to the previous quarter. The fund's total assets increased to $1.72 billion as of March 31, 2025, up from $1.64 billion at the end of 2024. Net asset value per share rose slightly to $9.69 from $9.68 at the end of 2024.
Portfolio Dynamics:
Total assets grew to $1.72 billion as of March 31, 2025, compared to $1.64 billion at the end of 2024.
Investments owned at fair value increased to $1.65 billion, up from $1.58 billion at the end of 2024.
Cash and cash equivalents rose to $37.0 million from $33.8 million at the end of 2024.
Investment Activity:
Receivable from investment sales increased to $7.28 million from $3.10 million at the end of 2024.
Interest receivable grew to $15.39 million from $14.13 million at the end of 2024.
The fund reported $20,450 in foreign currency contracts, up from $13,914 at the end of 2024.
Capital Structure:
Long-term and short-term debt increased to $884.76 million from $868.36 million at the end of 2024.
Stockholders' equity grew to $795.50 million from $755.55 million at the end of 2024.
Additional paid-in capital increased to $802.05 million from $763.12 million at the end of 2024.
Performance Profile:
Net asset value per share increased to $9.69 as of March 31, 2025, compared to $9.68 at the end of 2024.
Retained earnings deficit decreased to $6.55 million from $7.58 million at the end of 2024.
The fund reported net income of $16.33 million for Q1 2025.
Risk & Quality:
Management fee payable increased to $825,060 from $797,625 at the end of 2024.
Payable to other affiliates decreased to $179,774 from $188,679 at the end of 2024.
Other accounts payable and accrued liabilities decreased to $1.23 million from $1.39 million at the end of 2024.
The Wrap:
Fidelity Private Credit Co demonstrated moderate growth in Q1 2025, with increases in total assets, investments at fair value, and stockholders' equity. The fund's net asset value per share improved slightly, reflecting stable performance. The increase in debt and management fees suggests expanded operations and investment activities, while the decrease in retained earnings deficit indicates improved profitability.
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