The interline power flow controller (IPFC) based on a modular multilevel converter with a half-bridge configuration can control the active and reactive power flows of multiple alternating current (AC) lines. However, it forms a multiterminal system on the direct current (DC) side, which leads to DC faults. To reduce the protection and clearance requirements on the DC side of IPFCs, this paper proposes a hybrid current limiter topology suitable for generating a DC-side fault ride-through scheme. The current limiter employs a low-loss branch in steady-state conditions; when the fault occurs, a commutation capacitor and controllable power electronic devices are used to transfer the fault current to the current-limiting branch. To clarify the operating principles of the current limiter, the working states of each stage and electrical stress of each device are analyzed. Different components with varying limiter parameters are also discussed, and optimal parameters to achieve the best limitation effect are discussed. PSCAD simulations show that the proposed limiter can limit the overcurrent effectively, and DC-side fault clearance can be achieved easily with this fault ride-through strategy.