Corporate Finance

North Haven Private Income Fund Discloses Class S Unit Sale

North Haven Private Income Fund LLC reported a Class S unit issuance and provided a June 30 portfolio update in a July 28 Form 8-K filing.

By Carter Hayes ยท

Key takeaways

  • The fund reported selling approximately 122,704 Class S units for approximately $2.20 million at $17.91 per unit.
  • The filing said the unit issuance was completed under subscription agreements and was exempt from Securities Act registration under Section 4(a)(2) and Regulation D.
  • As of June 30, the fund reported investments in 299 portfolio companies across 45 industries, with aggregate par value of approximately $6,846.0 million.
  • The fund said that approximately 96.5% of its portfolio by par value or cost was first-lien debt investments and that approximately 99.9% of debt investments by par value had float

Fund reports Class S unit issuance

North Haven Private Income Fund LLC disclosed that, as of July 1, 2026, it had sold approximately 122,704 Class S units for an aggregate offering price of approximately $2.20 million. The reported purchase price was $17.91 per unit, and the final number of units was determined on July 24, 2026.

The company said the sale was made through subscription agreements with unitholders. It reported that the issuance was exempt from Securities Act registration pursuant to Section 4(a)(2) and Regulation D, citing, in part, investor representations in the subscription agreements.

June portfolio update emphasizes first-lien and floating-rate debt

As of June 30, 2026, the fund reported investments in 299 portfolio companies spanning 45 industries, with aggregate par value of approximately $6,846.0 million. The reported mix was approximately 96.5% first-lien debt investments, 0.3% second-lien debt investments and 3.2% other securities and investment funds, measured by par value or, for equity investments, cost.

The fund also reported that approximately 99.9% of debt investments, based on par value, were at floating rates. It said approximately 94.5% of total investment commitments were in private senior secured loans, equity investments and joint ventures, while approximately 5.5% were in broadly syndicated loans used primarily for cash-management purposes.

From June 1 through June 30, 2026, the company reported approximately $7.5 million of new investment commitments. It said approximately 100.0% of those commitments were private senior secured loans.

Fund provides distribution and estimated NAV details

The fund declared a distribution of $0.1206 per unit on July 24, 2026, for unitholders of record as of July 31. The filing said the distribution was expected to be payable on or around August 5, 2026.

As of June 30, the company estimated aggregate net asset value at approximately $3,091.8 million and reported approximately $2,982.9 million of debt outstanding at principal. The company cautioned that final results could differ materially as financial closing procedures are completed and subsequent events are evaluated.