Fidelity Direct Lending Fund

Fidelity Direct Lending Fund I JSPV LLC • FDLF CA SPE LLC • Fidelity Direct Lending Fund 1 Blocker LLC • Fidelity Direct Lending Tactical 1 LLC • Fidelity Direct Lending Tactical 2 LLC • Fidelity Direct Lending Tactical 3 LLC ...

AUM ?

$456.66 mm

Address

Fidelity Direct Lending Fund
245 SUMMER STREET
BOSTON
MA 02110

Phone

617-563-7000

Ownership

Fund structure	AUM	Fund type
Fiam LLC	$152.39 bn
Fiam Broad Market Duration Fund, LLC	$791.20 mm	Other Private Fund
Fiam Core Plus Fund, LLC	$353.30 mm	Other Private Fund
Fiam Emerging Market Debt Fund, LLC	$80.36 mm	Other Private Fund
Fiam Emerging Markets All Cap Fund LP	$156.95 mm	Other Private Fund
Fiam Focused Global Growth Fund, LLC	$39.46 mm	Other Private Fund
Fiam Global Credit Ex-u.s. Hedged Fund, LP	$237.17 mm	Other Private Fund
Fiam Global Founders Fund, LP	$41.96 mm	Other Private Fund
Fiam Global Low Volatility Equity Fund LP	$277.76 mm	Other Private Fund
Fiam High Yield Fund, LLC	$127.30 mm	Other Private Fund
Fiam Leveraged Loan Fund, LP	$439.21 mm	Other Private Fund
Fiam Select Emerging Markets Equity Fund, LP	$277.72 mm	Other Private Fund
Fiam Select International Equity Fund, LLC	$243.33 mm	Other Private Fund
Fiam Select International Small Capitalization Fund, LLC	$210.01 mm	Other Private Fund
Fiam Small/mid Cap Core Fund, LP	$75.49 mm	Other Private Fund
Fiam Tactical Bond Fund, LP	$448.62 mm	Other Private Fund
Fidelity 2022 Private Equity Multi-strategy Fund LP	$11.52 mm	Private Equity Fund
Fidelity 2022 Private Equity Multi-strategy Fund LP - Offshore	$2.76 mm	Private Equity Fund
Fidelity Direct Lending Fund, LP	$456.66 mm	Hedge Fund
Fidelity Japan Data Centers Fund LP	$126.14 mm	Real Estate Fund
Fidelity Real Estate Debt Opportunities Fund I, LP	$103.99 mm	Real Estate Fund
Fidelity Real Estate Opportunistic Income Fund L.P.	$344.84 mm	Hedge Fund
Fidelity Redof I Reit, LLC	$79.65 mm	Real Estate Fund
Fidelity Reoi Cayman LTD.	$121.48 mm	Hedge Fund

Latest filings (excl ownership)

View all

SC TO-I

Issuer tender offer statement

27 Feb 25

8-K

Unregistered Sales of Equity Securities

25 Feb 25

D/A

Indefinite amount in investment fund, sold $665.40 mm, 13 investors

20 Dec 24

8-K

Entry into a Material Definitive Agreement

2 Dec 24

8-K

Unregistered Sales of Equity Securities

12 Nov 24

Unregistered Sales of Equity Securities

31 Oct 24

SC TO-I/A

Issuer tender offer statement (amended)

3 Oct 24

8-K

Entry into a Material Definitive Agreement

17 Sep 24

SC TO-I

Issuer tender offer statement

28 Aug 24

Latest ownership filings

View all

John Joseph Burke III

Financial summary

Financial statements Chart financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	32.21 mm	32.21 mm	32.21 mm	32.21 mm	32.21 mm	32.21 mm
Cash burn (monthly)	(no burn)	2.74 mm	1.09 mm	1.04 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	13.90 mm	5.56 mm	5.29 mm	n/a	n/a
Cash remaining	n/a	18.31 mm	26.65 mm	26.92 mm	n/a	n/a
Runway (months of cash)	n/a	6.7	24.3	25.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.