10-Q Filing

FIRST EAGLE PRIVATE CREDIT FUND CIK: 1890107 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-041535`
Period End Date	20230630
Filing Date	20230811
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	ck0001890107-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 18 Income Statement 14 Cash Flow Statement 15

Balance Sheet 18 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	-	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	4.00M	shares	Point-in-time
Common stock, Outstanding	`CommonStockSharesOutstanding`	4.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.00K	USD	Point-in-time
Total assets	`Assets`	$100.00K	USD	Point-in-time
Organization costs payable	`OrganizationCostsPayable`	$918.30K	USD	Point-in-time
Trustees' fees payable	`TrusteesFeesPayable`	$86.25K	USD	Point-in-time
Accrued professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$56.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$76.39K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26M	USD	Point-in-time
Commitments and contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common shares, par value $0.001 (unlimited shares authorized, 4,000 shares issued and outstanding)	`CommonStockValue`	$4.00	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$100.00K	USD	Point-in-time
Distributable earnings (accumulated losses)	`RetainedEarningsAccumulatedDeficit`	$-1.26M	USD	Point-in-time
Total net assets	`AssetsNet`	-	USD	Point-in-time
Total net assets	`AssetsNet`	$-1.16M	USD	Point-in-time
Net asset value per share	`NetAssetValuePerShare`	$289.55	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Organization costs	`OrganizationCosts`	$1.04M	USD	1 Quarter
Trustees' fees	`TrusteesFees`	$86.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$56.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$76.39K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.26M	USD	1 Quarter
Net investment income (loss)	`NetInvestmentIncomeLoss`	$-1.26M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	-	USD	1 Quarter
Net investment income (loss) per share (basic)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-314.55	USD	1 Quarter
Net investment income (loss) per share (diluted)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-314.55	USD	1 Quarter
Earnings per share (basic)	`EarningsPerShareBasic`	$-314.55	USD	1 Quarter
Earnings per share (diluted)	`EarningsPerShareDiluted`	$-314.55	USD	1 Quarter
Weighted average shares outstanding (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	4,000.00	shares	1 Quarter
Weighted average shares outstanding (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4,000.00	shares	1 Quarter

Cash Flow Statement 15 line items

Line Item	Tag	Value	Unit	Period
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net increase (decrease) in net assets resulting from operations	`NetIncomeLoss`	-	USD	1 Quarter
Organization costs payable	`IncreaseDecreaseInOrganizationCostsPayable`	$918.30K	USD	1 Quarter
Due to Affiliates	`IncreaseDecreaseInDueToAffiliates`	$121.25K	USD	1 Quarter
Trustees' fees payable	`TrusteesFees`	$86.25K	USD	1 Quarter
Accrued professional fees	`IncreaseDecreaseInAccruedProfessionalFees`	$56.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$76.39K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Proceeds from issuance of shares	`ProceedsFromIssuanceOrSaleOfEquity`	$100.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$100.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$100.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.