Current Report · Items 7.01, 8.01, 9.01 · 8-K
First Eagle Private Credit Fund
Regulation FD Disclosure · Other Events
Item 7.01 Regulation FD Disclosure. August 2026 Distributions On August 19, 2026, the Fund declared regular distributions for each class of its common shares in the amounts per share set forth below:…
Company context
First Eagle Investments is an independent, privately owned investment management firm headquartered in New York with approximately $222 billion in assets under management as of July 31, 2026. Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. With a heritage dating back to 1864, First Eagle strives to help clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles. The firm’s investment capabilities include equity, fixed income, alternative credit and multi-asset strategies.
Disclosure sections
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
August 2026 Distributions
On August 19, 2026, the Fund declared regular distributions for each class of its common shares in the amounts per share set forth below:
Gross Distribution Shareholder Servicing and/or Distribution Fee Net Distributions
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Class I Common Shares $0.210 $0.000 $0.210
Class D Common Shares $0.210 $0.005 $0.205
The distributions for each class of common shares are payable to shareholders of record as of the open of business on August 31, 2026 and will be paid on September 29, 2026.These distributions will be paid in cash or reinvested in common shares for shareholders participating in the Fund’s distribution reinvestment plan.
Item 8.01 Other Events.
July 31, 2026 Net Asset Value per Share
The net asset value (the “NAV”) per share of each class of the Fund as of July 31, 2026, as determined in accordance with the Fund’s valuation policy, is set forth below.
NAV as of July 31, 2026
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Class I Common Shares $23.74
Class D Common Shares $23.74
As of July 31, 2026, the aggregate NAV of the Fund was $294.9 million, the fair value of its investment portfolio was approximately $553.4 million, its investment portfolio had a weighted average tenor of 3.651, and it had approximately $278.6 million of principal debt outstanding, resulting in a debt-to-equity ratio of 0.94x.
Direct Lending
As of July 31, 2026, the Direct Lending Portfolio had the following characteristics:
As of July 31, 2026
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Weighted average yield on debt and income producing investments, at cost2 9.53%
Weighted average yield on debt and income producing investments, at fair value2 9.58%
1. Weighted average tenor represents the number of years to maturity for each investment, weighted based on the fair value of each respective investment.
2. Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on accruing Direct Lending debt investments, divided by (b) total Direct Lending debt investments (at fair value or cost, as applicable). Actual yields earned over the life of each investment could differ materially from the yields presented above.
Shares Outstanding as of July 31, 2026
Shares Outstanding
as of July 31, 2026
Class I Common Shares 12,417,871
Class D Common Shares 4,205
Status of Offering
The Fund is currently publicly offering on a continuous basis up to $5.0 billion in common shares (the “Offering”). Additionally, the Fund has sold unregistered shares as part of a separate private offering (the “Private Offering”). The following table lists the common shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing. The table below does not include common shares sold through the Fund’s distribution reinvestment plan. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis.
Common Shares Issued Total Consideration
Offering:
Class I Common Shares 8,925 $ 0.2 million
Class S Common Shares --- ---
Class D Common Shares 4,205 $ 0.1 million
Private Offering:
Class I Common Shares 12,471,446 $ 303.8 million
Class S Common Shares --- ---
Class D Common Shares --- ---
Total Offering and Private Offering* 12,484,576 $ 304.1 million
*Amounts may not sum due to rounding.
The information in Item 8.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Exchange Act, or otherwise subject to the liabilities of such section.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
July 31, 2026 Net Asset Value per Share
The net asset value (the “NAV”) per share of each class of the Fund as of July 31, 2026, as determined in accordance with the Fund’s valuation policy, is set forth below.
NAV as of July 31, 2026
──────────────────────────────────────────────────────
Class I Common Shares $23.74
Class D Common Shares $23.74
As of July 31, 2026, the aggregate NAV of the Fund was $294.9 million, the fair value of its investment portfolio was approximately $553.4 million, its investment portfolio had a weighted average tenor of 3.651, and it had approximately $278.6 million of principal debt outstanding, resulting in a debt-to-equity ratio of 0.94x.
Direct Lending
As of July 31, 2026, the Direct Lending Portfolio had the following characteristics:
As of July 31, 2026
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Weighted average yield on debt and income producing investments, at cost2 9.53%
Weighted average yield on debt and income producing investments, at fair value2 9.58%
1. Weighted average tenor represents the number of years to maturity for each investment, weighted based on the fair value of each respective investment.
2. Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on accruing Direct Lending debt investments, divided by (b) total Direct Lending debt investments (at fair value or cost, as applicable). Actual yields earned over the life of each investment could differ materially from the yields presented above.
Shares Outstanding as of July 31, 2026
Shares Outstanding
as of July 31, 2026
Class I Common Shares 12,417,871
Class D Common Shares 4,205
Status of Offering
The Fund is currently publicly offering on a continuous basis up to $5.0 billion in common shares (the “Offering”). Additionally, the Fund has sold unregistered shares as part of a separate private offering (the “Private Offering”). The following table lists the common shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing. The table below does not include common shares sold through the Fund’s distribution reinvestment plan. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis.
Common Shares Issued Total Consideration
Offering:
Class I Common Shares 8,925 $ 0.2 million
Class S Common Shares --- ---
Class D Common Shares 4,205 $ 0.1 million
Private Offering:
Class I Common Shares 12,471,446 $ 303.8 million
Class S Common Shares --- ---
Class D Common Shares --- ---
Total Offering and Private Offering* 12,484,576 $ 304.1 million
*Amounts may not sum due to rounding.
The information in Item 8.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Exchange Act, or otherwise subject to the liabilities of such section.