PC · PRIVATE CREDIT

First Eagle Private Credit Fund

First Eagle Investments · BDC

Program Overview

BDC

Peer Group Filters

Objectives: IncomeCapital Appreciation
Asset Class: Private Credit
Vehicle: BDC
Single / Multi Asset: Multi-Asset

Sponsor/Manager

First Eagle Investments

Asset Class

Private Credit

Issuer

First Eagle Private Credit Fund

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Evergreen

Securities Offered

Equity - Class I Shares Equity - Class S Shares Equity - Class D Shares

Target Leverage

Minimum 150% asset coverage 150% coverage. $263.6M debt at 8/31/2026 (0.89x): MS facility ($350M; revolving period ended 9/22/2026, now amortizing) and JPM facility ($100M), both secured by SPV assets, with minimum-utilization fees.

Strategy Risk/Return Profile

Managing Broker-Dealer

FEF Distributors, LLC

Scale

12,420,000 Common shares outstanding (all classes, approximate)

Maximum Offering

$5,000,000,000

Raised To Date

$500,000

Minimum Investment

$2,500

Class S Shares · waivable

Strategy Overview

Externally managed, non-diversified, perpetual-life BDC seeking current income and, to a lesser extent, long-term capital appreciation. It invests at least 80% of total assets in private credit: first-lien cash flow loans, asset-based loans, club deals, second lien and broadly syndicated loans. At 6/30/2026: 102 borrowers, $552.9M fair value, 99.9% first lien, 100% floating rate on performing debt, no non-accruals; at 8/31/2026, $294.9M NAV and $263.6M debt (0.89x debt-to-equity).

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