N-2 |
6 Months Ended |
|---|---|
|
Jun. 30, 2025
$ / shares
| |
| Cover [Abstract] | |
| Entity Central Index Key | 0001920453 |
| Amendment Flag | false |
| Securities Act File Number | 814-01571 |
| Document Type | 10-Q |
| Entity Registrant Name | Fidelity Private Credit Fund |
| Entity Address, Address Line One | 245 Summer Street |
| Entity Address, City or Town | Boston |
| Entity Address, State or Province | MA |
| Entity Address, Postal Zip Code | 02210 |
| City Area Code | 617 |
| Local Phone Number | 563-7000 |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |
| General Description of Registrant [Abstract] | |
| Investment Objectives and Practices [Text Block] | The Fund’s investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund will achieve these objectives primarily through directly originated loans to private companies but also liquid credit investments, like broadly syndicated loans, and other select Private Credit investments. Under normal circumstances, the Fund will invest at least 80% of its total assets in Private Credit investments. If the Fund changes its 80% test, the Fund will provide shareholders with at least 60 days’ prior notice of such change. The Adviser may also invest to a lesser degree in equity linked instruments (which may include debt with warrants, preferred equity investments, or equity co-investments). Most of the Fund’s investments will be in private U.S. operating companies, but (subject to compliance with BDCs’ requirement to invest at least 70% of its assets in private U.S. companies) the Fund may also invest to a lesser degree in non-U.S. companies. Subject to the limitations of the 1940 Act, the Fund may invest in loans or other securities, the proceeds of which may refinance or otherwise repay debt or securities of companies whose debt is owned by other affiliated funds. From time to time, the Fund may co-invest with other affiliated funds. |
| Risk Factors [Table Text Block] | Item 1A. Risk Factors. In addition to the other information set forth in this report, you should carefully consider the risk factors disclosed on our annual report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 19, 2025, as well as the risk factors set forth on our registration statement on Form N-2, filed with the SEC on April 18, 2025. |
| Share Price | $ 25 |