History of Fidelis Private Fund
Fidelis Private Fund, LP (FPF) was founded in 2019. Below we share some of the milestones of our history. As FPF is truly a community of investors / partners, borrowers, brokers, developers, and our staff, we are excited about our progress and our future together.
Fidelis Historical Timeline
Founding
Inception of Fidelis Private Fund, LP with three Co-Founders: John Lloyd, Chad Ruyle, and Jon Maddux
First Line of Credit
Obtained a $2M line of credit from Endeavor Bank
Limited Partner Event
Presentation by co-founders to existing and prospective limited partners.
Fidelis Borrower/Broker Networking Event
Our inaugural networking event for borrowers and brokers was held in late 2019.
Investor Return 2019
Annualized yield to investors exceeds 8%
Team Additions
Allan Paranada joined Fidelis as a Broker Associate and Monica Johnston joined as Operations & Investor Relations Officer.
Increase of Line of Credit
Endeavor Bank line of credit increased to $3M
Fidelis Borrower Networking Event
Fidelis hosted networking event for regional borrowers and brokers.
Investor Return 2020
Annualized yield to investors exceeds 8%
Increase of Line of Credit
Endeavor Bank line of credit increased to $4.5M
Fidelis 2nd Anniversary
Fidelis Private Fund celebrates its 2nd Anniversary.
Limited Partner Capital Growth – $20M
Reached 53 limited partners and $20 million in Capital
Limited Partner Capital Growth – $30M
Fidelis Private Fund grew to $30 million in capital, an increase of $10 million since July 2021. FPF also grew from 53 to 77 limited partners during that period.
3rd Year Anniversary
Celebrating our third-year anniversary of helping investors achieve their financial goals. Since inception, we have consistently generated an 8%+ annualized return, approaching $40 million in capital with no delinquencies, and maintaining a loan/loss reserve of over 2% of total loan commitments.
Limited Partner Capital Growth – $50M
Fidelis Private Fund grew to $50 million in capital, an increase of $20 million since July 2021. FPF also grew from 53 to 113 limited partners during that period.
Limited Partner Capital Growth – $60M+
Fidelis Private Fund reached a new milestone exceeding $60 million in capital, an increase of over $10 million since April of 2023 and an increase of over 1,300% since the fund was founded in July of 2019. FPF also added 45 new limited partners, growing from 113 to 158 since..Read More
Limited Partner Capital Growth – $70M+
In just one quarter Fidelis reached a new milestone exceeding $70 million in capital, an increase of over $10 million in just over three months.