Goldman Sachs Private Credit Corp. 8-K

What Happened

• Goldman Sachs Private Credit Corp. filed an 8-K (Feb 26, 2026) reporting that, as of Feb 1, 2026 (final counts set Feb 25, 2026), it sold unregistered Class I and Class S shares under exemptions to the Securities Act. The company also disclosed its January 2026 distribution, January 31, 2026 NAV and portfolio fair value, and month-end fund leverage figures.

Key Details

• Share sales (unregistered): Class I — 22,794,095 shares for $568,256,780; Class S — 4,011 shares for $100,000. Sales were made under subscription agreements relying on Section 4(a)(2), Regulation D and/or Regulation S; purchasers represented they were accredited investors and/or Non‑U.S. persons.
• January distribution: $0.185 per Class I share (annualized yield 8.9%); payable on or about March 5, 2026 to holders of record as of Jan 30, 2026; cash or reinvestment option available.
• NAV and portfolio size (as of Jan 31, 2026): total NAV ≈ $8.9 billion; NAV per Class I share $24.93; fair value of investment portfolio ≈ $15.9 billion.
• Fund leverage (Jan 31, 2026): 0.8x (average daily borrowings divided by average net assets). Total return based on NAV (as of Jan 31, 2026): 1‑month 0.5%, 3‑month 2.0%, YTD 0.5%, 1‑year 8.2%, inception‑to‑date 9.9% (inception Apr 6, 2023).

Why It Matters

• Capital and liquidity: The unregistered share sales raised substantial capital (about $568.4M) which can be used to fund new loans or shore up liquidity; terms limited to accredited and/or non‑U.S. investors.
• Income and yield: The declared monthly distribution and stated annualized yield (8.9% for Jan) matter to income‑focused shareholders — distributions may be paid in cash or reinvested.
• Size and risk signals: NAV, portfolio fair value, and a reported 0.8x leverage ratio give investors a snapshot of the fund’s scale and leverage level as of month‑end, important for assessing risk exposure and capital structure.
• Performance context: Reported NAV total-return figures provide recent performance metrics but, per the filing, past performance is not indicative of future results.