Private Credit Funds Comparison
Overview
This piece presents a comparative analysis of leading private credit funds available to individual investors through major platforms. We focus on structure, access mechanics, liquidity terms, distribution profiles, and investor considerations to help readers evaluate which vehicles may align with their portfolio objectives.
Funds at a Glance
| Fund | Ticker | Structure & access (Fidelity) |
|---|---|---|
| Blackstone Private Credit Fund | BCRED | Non-traded BDC; subscribe via Fidelity Alternatives; monthly subscriptions, quarterly tenders. |
| Cliffwater Corporate Lending Fund | CCLFX (Class I) | Interval fund; tickered; daily purchases with quarterly repurchases. |
| Blue Owl Alternative Credit Fund | OWLCX | Interval fund; tickered; daily purchases, quarterly repurchases; monthly distributions. |
| HPS Corporate Lending Fund | HLEND | Non-traded BDC; subscribe via Fidelity Alternatives. |
| Apollo Debt Solutions BDC | ADS | Non-traded BDC; subscribe via Fidelity Alternatives. |
| Nuveen Churchill Private Capital Income Fund | PCAP | Non-traded, perpetual-life fund; subscribe via Fidelity Alternatives. |