| Schedule of outstanding borrowing |
The Fund’s outstanding borrowings as of September 30, 2026 and December 31, 2025 were as follows:
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September 30, 2026 |
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Aggregate Principal Committed |
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Outstanding Principal |
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Carrying Value |
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Fidelity Direct Lending Fund I JSPV LLC Facility ⁽¹⁾ |
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$ |
700,000,000 |
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$ |
560,327,443 |
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$ |
560,327,443 |
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Truist Senior Secured Revolving Credit Facility |
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|
600,000,000 |
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|
|
343,000,000 |
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|
343,000,000 |
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Total |
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$ |
1,300,000,000 |
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|
$ |
903,327,443 |
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$ |
903,327,443 |
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(1)Under the Fidelity Direct Lending Fund I JSPV LLC Facility, the Fund is permitted to borrow in USD or certain other currencies. As of September 30, 2026, the Fund had borrowings denominated in Canadian Dollars (“CAD”) of 0.5 million, translated to USD of $0.3 million.
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December 31, 2025 |
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Aggregate Principal Committed |
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|
Outstanding Principal |
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Carrying Value |
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Fidelity Direct Lending Fund I JSPV LLC Facility ⁽¹⁾ |
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$ |
1,000,000,000 |
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|
$ |
680,353,357 |
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|
$ |
680,353,357 |
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Truist Senior Secured Revolving Credit Facility |
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|
430,000,000 |
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|
|
213,000,000 |
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|
213,000,000 |
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Total |
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$ |
1,430,000,000 |
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|
$ |
893,353,357 |
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$ |
893,353,357 |
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(1)Under the Fidelity Direct Lending Fund I JSPV LLC Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2025, the Fund had borrowings denominated in Canadian Dollars (“CAD”) of 0.5 million, translated to USD of $0.4 million.
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| Schedule of components of interest expense |
For the three and nine months ended September 30, 2026 and 2025, the components of interest expense were as follows:
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Three Months Ended September 30, |
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2026 |
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2025 |
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Borrowing interest expense |
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$ |
13,308,706 |
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|
$ |
14,381,783 |
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Facility unused fees |
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|
374,491 |
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|
|
600,337 |
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Amortization of deferred financing costs |
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|
1,834,531 |
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|
|
675,714 |
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Total Interest Expense |
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$ |
15,517,728 |
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|
$ |
15,657,834 |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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Borrowing interest expense |
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$ |
41,572,886 |
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|
$ |
44,310,034 |
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Facility unused fees |
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|
1,285,156 |
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|
|
973,676 |
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Amortization of deferred financing costs |
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3,212,153 |
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|
|
1,491,434 |
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Total Interest Expense |
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$ |
46,070,195 |
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$ |
46,775,144 |
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