First Trust Private Credit Fund (FTPCX) · NASDAQ:FTPCX
First Trust Private Credit Fund (FTPCX) — First Trust Capital Management — Investor Presentation (October 2026)
16 slides from First Trust Private Credit Fund (FTPCX)'s investor presentation, October 2026
Slide 1: First Trust Alternative Investment Research
First Trust Alternative Investment Research FOR INSTITUTIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION.
Slide 2: Manager Selection Is Critical in Private Markets
MANAGER SELECTION IS CRITICAL IN PRIVATE MARKETS Over the past 5 years private assets have outperformed public markets. However, the dispersion between top and bottom managers show a wide range of outcomes. Manager selection and access to top-tier managers can have a significant impact in alternativ
Slide 3: Private Market Returns by Strategy
PRIVATE MARKET RETURNS BY STRATEGY Private Markets returns over the last 10 years have shown strong performance and differentiated return streams to traditional 60/40 portfolios. The 50/30/20 portfolio consists of 50% stocks, 30% bonds, and 20% alternatives. Calendar Year Returns Annualized Returns
Slide 4: First Trust Alternative Investment Research Team
FIRST TRUST ALTERNATIVE INVESTMENT RESEARCH TEAM • FT AIR is comprised of 25+ investment professionals dedicated to sourcing, underwriting, and monitoring alternative investments across all asset classes and strategies. • FT AIR has a time-tested track record of sourcing highly-specialized managers
Slide 5: Value Proposition
VALUE PROPOSITION Sourcing Manager Access Negotiated Fees, Underwriting and Meets with roughly 600 & Co-Investments Capacity, and Monitoring managers annually across all major alternative asset classes Provides exclusive approved Revenue Share Analyzes a large investable investment opportunities wit
Slide 6: Manager Sourcing and Selection Process
MANAGER SOURCING AND SELECTION PROCESS FTCM’s selection process begins with an effort to meet with … 600+ Managers raising capital in a given year # of Managers Universe of Private Investment Managers 4,000+ FT AIR Research Database 1,500+ FT AIR Initial Meetings with 600 - Eliminate managers exhibi
Slide 7: Manager Due Diligence Process
MANAGER DUE DILIGENCE PROCESS FT-AIR completes investment and operational due diligence in a granular, repeatable, and highly codified manner. Institutional Allocator to Alternatives | Principal Investors of Our Own Capital | We Perform All Research In-House Investment Due Diligence Operational Due
Slide 8: Investment Due Diligence Process (IDD)
INVESTMENT DUE DILIGENCE PROCESS (‘IDD’) What We Think About PHASE 2 PHASE 3 Iterative Correspondence On-Site Meeting Assess investment universe, investment process, Focus on investment research process and documentation via spread/edge factors, portfolio construction, risk management, trade example
Slide 9: Operational Due Diligence Process (ODD)
OPERATIONAL DUE DILIGENCE PROCESS (‘ODD’) Further Analysis & Documentation Disseminate ODD notes for internal review and work through any additional follow-up items. On-Site Visit Investment Decision Meet with appropriate personnel to assess competence Provide summary and recommendations to the and
Slide 10: Operational Due Diligence Warning Signs
OPERATIONAL DUE DILIGENCE WARNING SIGNS We have very low tolerance for “red flags” identified through our ODD initial sourcing meeting, ongoing monitoring and periodic onsite manager visits. Risk of fraud Insufficient cash controls Turnover of back-office personnel Inexperienced back-office team Ins
Slide 11: Research Reports
RESEARCH REPORTS All Managers Undergo Our Rigorous, In-House Investment & Operational Due Diligence Introductory Series of On-Site IC Memo Quarterly Touchpoint Meetings Meetings & Approval Ongoing (4-5 Pages) (30 Pages) (20 Pages) (100 Pages) (5-6 Pages) FOR INSTITUTIONAL USE ONLY. NOT FOR PUBLIC DI
Slide 12: Allocating Capital Across Alternative Asset Classes
ALLOCATING CAPITAL ACROSS ALTERNATIVE ASSET CLASSES First Trust Capital Management allocates capital to exclusive managers across a broad range of private asset classes. Private Equity | Hedged Strategies | Real Estate | Alternative Credit | Co-Investments GP Relationships 600 $15.9 B 100+ Annual Ma
Slide 13: Alternative Investment Solutions
ALTERNATIVE INVESTMENT SOLUTIONS Any Client Accreditation Spectrum Qualifications Liquid Alternatives Registered Alternatives Private Asset Platform Mutual Funds / ETFs Interval Funds / Tender Offer Funds / Limited Partnerships / Non-Traded REITS Co-Investments More Liquid Liquidity Spectrum Less Li
Slide 14: Professional Biographies
PROFESSIONAL BIOGRAPHIES Michael Peck is President and Co-Chief Investment Officer with First Trust Capital Management (FTCM) and was a partner with its predecessor firm, Vivaldi. He is Michael Peck, CFA responsible for all portfolio management as well as creating and implementing the strategic visi
Slide 15: Professional Biographies (Continued)
PROFESSIONAL BIOGRAPHIES (CONTINUED) Thomas Reckley is a President at First Trust Capital Management L.P. (“FTCM”). Tom is responsible for the oversight of the firm’s strategy, growth and personnel. Prior to Thomas Reckley joining FTCM, Tom served as the Private Placement Principal for First Trust P
Slide 16: Contact Us
Contact Us 1-800-988-5196 | www.firsttrustcapital.com FOR INSTITUTIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION.
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