North Haven Private Income Fund LLC 8-K

What Happened

• North Haven Private Income Fund LLC announced an unregistered sale of approximately 432,731 Class S units for aggregate proceeds of about $7.84 million (purchase price $18.12 per unit), with the final unit count determined April 24, 2026. The issuances were made under subscription agreements and relied on Section 4(a)(2) and Regulation D (accredited investors).
• The Company also disclosed a distribution of $0.1234 per unit declared April 24, 2026, payable on or around May 5, 2026 to unitholders of record as of April 30, 2026. As of March 31, 2026 the Fund’s estimated NAV was about $3,229.7 million (NAV per unit $18.12) and the Fund held investments in 305 portfolio companies with aggregate par/cost of ~$7,305.1 million.

Key Details

• Portfolio mix (by par/cost): ~97.1% first‑lien debt, ~0.4% second‑lien, ~2.5% other; ~99.9% of debt investments were floating rate as of 3/31/26.
• Industry concentration: Software largest at $1,624.8M (22.2%); total portfolio par/cost $7,305.1M across 44 industries.
• Top holdings (by par/cost): Integrity Marketing Acquisition, LLC $113.2M (1.5%); World Insurance Associates, LLC $100.8M (1.4%); North Haven Keystone LLC $100.4M (1.4%).
• Liquidity and leverage: ~ $2.4B of available liquidity (cash, equivalents, committed capacity); debt outstanding ~$3,219.5M (principal); leverage ~1.0x as of 3/31/26. Quarter total return: -0.3%.

Why It Matters

• For investors, the filing provides immediate capital and liquidity context: a small private issuance of Class S units (to accredited investors), a declared cash distribution, and stable NAV metrics reported as of March 31, 2026.
• The portfolio details (heavy first‑lien, floating‑rate exposure, large software weighting) and the Fund’s strong liquidity position and modest leverage help explain how management is positioned to weather market volatility and pursue new direct‑lending opportunities.