PC · PRIVATE CREDIT

Felicitas Income Fund

Felicitas Global Partners · Registered private credit tender-offer fund

Program Overview

Registered private credit tender-offer fund

Peer Group Filters

Objectives: IncomeCapital Appreciation
Asset Class: Private Credit
Vehicle: Tender Offer Fund
Single / Multi Asset: Multi-Asset

Sponsor/Manager

Felicitas Global Partners

Asset Class

Private Credit

Issuer

Felicitas Income Fund

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Evergreen

Securities Offered

Equity - Shares of beneficial interest

Target Leverage

Maximum 33% debt-to-total-assets Borrowing up to 33 1/3% of total assets; 300% asset coverage. Fund-level credit line for short-term needs only, no long-term borrowing intended. Underlying funds may use leverage without a stated cap. Estimated cost 0.05% of net assets.

Strategy Risk/Return Profile

Managing Broker-Dealer

Minimum Investment

$25,000

Shares of beneficial interest · waivable

Strategy Overview

The PPM states the objective is to preserve purchasing power while delivering attractive and consistent growth of capital over a long-term horizon. Under normal conditions at least 80% of net assets (plus borrowings for investment) go to private credit assets: funds run by unaffiliated managers, secondaries, co-investment vehicles and direct debt. The Fund invests primarily in Investment Funds and less in co-investments, may borrow up to 33 1/3% of total assets, and may use wholly owned subsidiaries.

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