Goldman Sachs Private Credit Corp. 8-K

What Happened

• Goldman Sachs Private Credit Corp filed an 8‑K (Jan 7, 2026) disclosing that, as of December 1, 2025 (final share count confirmed Jan 7, 2026), it sold 15,175,920 unregistered Class I shares for total consideration of $379,094,480. The sale was made under exemptions to registration (Section 4(a)(2), Regulation D and/or Regulation S) via subscription agreements; purchasers represented they were accredited investors and/or Non‑U.S. persons.
• The Company’s board declared a regular distribution for November 2025 of $0.19 per Class I share (annualized yield 9.1%), payable on or about January 15, 2026 to holders of record as of November 28, 2025 (cash or reinvestment available).
• The filing also reports November 30, 2025 financial metrics: NAV approximately $8.5 billion, NAV per Class I share $24.98, investment portfolio fair value ~ $13.8 billion, and fund leverage of 0.6x. Estimated total returns based on NAV were provided (1‑month 0.7%, 3‑month 2.1%, YTD 7.7%, 1‑year 8.4%, inception‑to‑date 10.1%; inception April 6, 2023).

Key Details

• Unregistered sale: 15,175,920 Class I shares for $379,094,480 (sale recorded Dec 1, 2025; share count finalized Jan 7, 2026).
• November distribution: $0.19 per Class I share, payable ~Jan 15, 2026; annualized yield 9.1% (based on month‑end NAV).
• NAV & portfolio: Total NAV ≈ $8.5 billion; NAV per Class I share $24.98; investment portfolio fair value ≈ $13.8 billion (as of Nov 30, 2025).
• Leverage & performance: Fund leverage 0.6x (average daily borrowings / average net assets for November); NAV‑based returns: 1‑month 0.7%, 1‑year 8.4%.

Why It Matters

• The unregistered share sale raised substantial capital (~$379.1M), which can fund new investments or reduce reliance on borrowing; it may also slightly dilute existing shareholders depending on how proceeds are used and whether shares were issued to new or existing investors.
• The declared distribution ($0.19/month; 9.1% annualized yield) is a cash return signal for income‑focused investors and will be paid or reinvested Feb. 15/record dates noted in the filing.
• NAV, portfolio fair value and leverage figures give investors a snapshot of the fund’s size, asset backing and use of borrowing (0.6x), useful for assessing risk and comparing peer funds. Past performance figures are historical and not predictive of future results.