SCHEDULE 13G 0001142872 XXXXXXXX LIVE Class I common shares of beneficial interest, par value $0.01 per share ("Common Shares") 08/31/2025 0002012139 Fortress Private Lending Fund 000000000 1345 Avenue of the Americas New York NY 10105 Rule 13d-1(b) Liberty Mutual Holding Company Inc. MA 0 6006187 0 6006187 6006187 N 19.7 HC Liberty Mutual Insurance Company MA 0 2402475 0 2402475 2402475 Y 7.9 IC Peerless Insurance Company NH 0 1201237 0 1201237 1201237 Y 3.9 IC Safeco Insurance Company of America NH 0 600619 0 600619 600619 Y 2.0 IC The Ohio Casualty Insurance Company NH 0 600619 0 600619 600619 Y 2.0 IC Employers Insurance Company of Wausau WI 0 600619 0 600619 600619 Y 2.0 IC Liberty Mutual Fire Insurance Company WI 0 600619 0 600619 600619 Y 2.0 IC Fortress Private Lending Fund 1345 Avenue of the Americas, New York, New York 10105 This statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): (i) Liberty Mutual Holding Company Inc. (ii) Liberty Mutual Insurance Company (iii) Peerless Insurance Company (iv) The Ohio Casualty Insurance Company (v) Safeco Insurance Company of America (vi) Employers Insurance Company of Wausau (vii) Liberty Mutual Fire Insurance Company The Reporting Persons have entered into a Joint Filing Agreement, dated September 8, 2025, a copy of which is attached to this Schedule 13G as Exhibit A, pursuant to which such Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. The principal business office of each Reporting Person is: 175 Berkeley Street, Boston, MA 02116 (i) Liberty Mutual Holding Company Inc. - Massachusetts; (ii) Liberty Mutual Insurance Company - Massachusetts; (iii) Peerless Insurance Company - New Hampshire; (iv) The Ohio Casualty Insurance Company - New Hampshire; (v) Safeco Insurance Company of America - New Hampshire; (vi) Employers Insurance Company of Wausau - Wisconsin; and (vii) Liberty Mutual Fire Insurance Company - Wisconsin N HC See the responses to Item 9 on the attached cover pages. See the responses to Item 11 on the attached cover pages. The percentages reported in Item 11 are based on 30,501,210 Common Shares outstanding as of August 18, 2025, as reported by the Issuer on Form 8-K, filed on August 20, 2025. See the responses to Item 5 on the attached cover pages. See the responses to Item 6 on the attached cover pages. See the responses to Item 7 on the attached cover pages. See the responses to Item 8 on the attached cover pages. 2,402,475 Common Shares are held directly by Liberty Mutual Insurance Company ("LMIC") and may be deemed to be beneficially owned by Liberty Mutual Holding Company Inc. ("LMHC") because LMIC is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. 1,201,237 Common Shares are held directly by Peerless Insurance Company ("Peerless") and may be deemed to be beneficially owned by LMHC because Peerless is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. 600,619 Common Shares are held directly by Safeco Insurance Company of America ("SICA") and may be deemed to be beneficially owned by LMHC because SICA is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. 600,619 Common Shares are held directly by The Ohio Casualty Insurance Company ("OCIC") and may be deemed to be beneficially owned by LMHC because OCIC is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. 600,619 Common Shares are held directly by Employers Insurance Company of Wausau ("EICOW") and may be deemed to be beneficially owned by LMHC because EICOW is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. 600,619 Common Shares are held directly by Liberty Mutual Fire Insurance Company ("LMFIC") and may be deemed to be beneficially owned by LMHC because LMFIC is an indirect wholly-owned subsidiary of LMHC. LMHC disclaims beneficial ownership of these securities. Y Y N The identification and classification of each Reporting Person is set forth in the responses to Item 12 of the attached cover pages. Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Liberty Mutual Holding Company Inc. /s/Vlad Barbalat 09/05/2025 Liberty Mutual Insurance Company /s/Vlad Barbalat 09/05/2025 Peerless Insurance Company /s/Vlad Barbalat 09/05/2025 Safeco Insurance Company of America /s/Vlad Barbalat 09/05/2025 The Ohio Casualty Insurance Company /s/Vlad Barbalat 09/05/2025 Employers Insurance Company of Wausau /s/Vlad Barbalat 09/05/2025 Liberty Mutual Fire Insurance Company /s/Vlad Barbalat 09/05/2025 Exhibits: Exhibit A: Joint Filing Agreement