Notice2025-16871
Fidelity Private Credit Fund, et al
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 3, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 168 (Wednesday, September 3, 2025)</title>
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[Federal Register Volume 90, Number 168 (Wednesday, September 3, 2025)]
[Notices]
[Pages 42662-42663]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16871]
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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 35731; File No. 812-15799]
Fidelity Private Credit Fund, et al
August 29, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').
ACTION: Notice.
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Notice of application for an order under sections 17(d) and 57(i)
of the Investment Company Act of 1940 (the ``Act'') and rule 17d-1
under the Act to permit certain joint transactions otherwise prohibited
by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.
Summary of Application: Applicants request an order to permit certain
business development companies (``BDCs'') and closed-end management
investment companies to co-invest in portfolio companies with each
other and with certain affiliated investment entities.
Applicants: Fidelity Private Credit Fund; Fidelity Private Credit
Company LLC; Fidelity Multi-Strategy Credit Fund; Fidelity Diversifying
Solutions LLC; Fidelity Evergreen Private Credit Fund LP; Fidelity
Private Credit SC LLC; Fidelity Unlevered Private Credit Fund LP;
Fidelity Real Estate Debt Opportunities Fund II, LP; Fidelity Real
Estate Opportunistic Income Fund, L.P.; Fidelity Convertible Arbitrage
Fund LP; Fidelity Credit Opportunities Fund II, LP; FIAM LLC; Fidelity
Direct Lending Institutional Fund, L.P.; Fidelity Real Estate Debt
Opportunities Fund I; and certain of their wholly-owned subsidiaries as
described in Schedule A to the application.
Filing Dates: The application was filed on May 15, 2025, and amended on
August 20, 2025, and August 28, 2025.
Hearing or Notification of Hearing: An order granting the requested
relief will be issued unless the Commission orders a hearing.
Interested persons may
[[Page 42663]]
request a hearing on any application by emailing the SEC's Secretary at
<a href="/cdn-cgi/l/email-protection#cc9fa9afbea9b8adbeb5bfe183aaaaa5afa98cbfa9afe2aba3ba"><span class="__cf_email__" data-cfemail="4a192f29382f3e2b38333967052c2c23292f0a392f29642d253c">[email protected]</span></a> and serving the Applicants with a copy of the
request by email, if an email address is listed for the relevant
Applicant below, or personally or by mail, if a physical address is
listed for the relevant Applicant below. Hearing requests should be
received by the Commission by 5:30 p.m. on September 23, 2025, and
should be accompanied by proof of service on the Applicants, in the
form of an affidavit or, for lawyers, a certificate of service.
Pursuant to rule 0-5 under the Act, hearing requests should state the
nature of the writer's interest, any facts bearing upon the
desirability of a hearing on the matter, the reason for the request,
and the issues contested. Persons who wish to be notified of a hearing
may request notification by emailing the Commission's Secretary at
<a href="/cdn-cgi/l/email-protection#3467515746514055464d47197b52525d5751744751571a535b42"><span class="__cf_email__" data-cfemail="d685b3b5a4b3a2b7a4afa5fb99b0b0bfb5b396a5b3b5f8b1b9a0">[email protected]</span></a>.
ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#1c4f797f6e79687d6e656f31537a7a757f795c6f797f327b736a"><span class="__cf_email__" data-cfemail="e1b2848293849580939892ccae8787888284a1928482cf868e97">[email protected]</span></a>. Applicants: c/o
William Bielefeld, Esq. and Paul Stevens, Esq., Dechert LLP,
<a href="/cdn-cgi/l/email-protection#1146787d7d78707c3f5378747d7477747d7551757472797463653f727e7c"><span class="__cf_email__" data-cfemail="8ed9e7e2e2e7efe3a0cce7ebe2ebe8ebe2eaceeaebede6ebfcfaa0ede1e3">[email protected]</span></a> and <a href="/cdn-cgi/l/email-protection#34645541581a67405142515a47745051575c5146401a575b59"><span class="__cf_email__" data-cfemail="e8b8899d84c6bb9c8d9e8d869ba88c8d8b808d9a9cc68b8785">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Adam Large, Senior Special Counsel,
Kris Easter Guidroz, Senior Counsel, or Daniele Marchesani, Assistant
Chief Counsel, at (202) 551-6825 (Division of Investment Management,
Chief Counsel's Office).
SUPPLEMENTARY INFORMATION: For Applicants' representations, legal
analysis, and conditions, please refer to Applicants' second amended
application, dated August 28, 2025, which may be obtained via the
Commission's website by searching for the file number at the top of
this document, or for an Applicant using the Company name search field,
on the SEC's EDGAR system.
The SEC's EDGAR system may be searched at <a href="https://www.sec.gov/edgar/searchedgar/companysearch.html">https://www.sec.gov/edgar/searchedgar/companysearch.html</a>. You may also call the SEC's
Office of Investor Education and Advocacy at (202) 551-8090.
For the Commission, by the Division of Investment Management,
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-16871 Filed 9-2-25; 8:45 am]
BILLING CODE 8011-01-P
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