North Haven Private Income Fund A LLC 8-K

What Happened

• North Haven Private Income Fund A LLC filed an 8-K (June 23, 2026) disclosing three main items: the sale of Class I units, declarations of a regular and a special distribution, and a May 31, 2026 portfolio and NAV update.
• The Fund sold approximately 24,412 Class I units for an aggregate offering price of about $0.5 million (purchase price $19.81 per unit); the final number of units was determined on June 22, 2026. The issuance was made under subscription agreements and was exempt from registration under Section 4(a)(2) and Regulation D, relying on unitholder accredited investor representations.
• On June 22, 2026 the Fund declared a regular distribution of $0.1393 per unit and a special distribution of $0.0372 per unit, both payable on or around July 6, 2026 to unitholders of record as of June 30, 2026.
• As of May 31, 2026 the Fund reported investments in 185 portfolio companies across 39 industries with aggregate par/cost of approximately $749.7 million and an estimated NAV of about $314.4 million (preliminary, not yet through quarter-end close). The Fund had approximately $313.1 million of debt outstanding (principal).

Key Details

• Unit sale: ~24,412 Class I units; aggregate proceeds ≈ $0.5M; $19.81/unit; sale date effective June 1, 2026 (final count June 22, 2026).
• Distributions: Regular $0.1393/unit and special $0.0372/unit; record date June 30, 2026; payable on/around July 6, 2026.
• Portfolio composition (May 31, 2026): $749.7M par/cost across 185 companies; ~99.8% first‑lien debt; ~99.9% floating‑rate debt; 93.8% of commitments in private senior secured loans and equity.
• NAV and leverage: Estimated NAV ≈ $314.4M (preliminary); debt outstanding ≈ $313.1M (principal). May 2026 new commitments ≈ $9.4M (100% private senior secured loans).

Why It Matters

• Cash return: The declared regular and special distributions provide near‑term cash to unitholders and set the upcoming payable date and record date for eligibility.
• Portfolio and interest exposure: The Fund remains heavily concentrated in first‑lien, floating‑rate private senior secured loans, which affects income sensitivity to interest rates and credit conditions.
• Capital and liquidity: The modest unit sale (~$0.5M) minimally increases capital; the NAV estimate and reported debt level give investors a snapshot of leverage but is preliminary and subject to quarter‑end adjustments.
• Regulatory/ownership note: The unit issuance relied on Reg D/Section 4(a)(2) exemptions and accredited investor representations, which affects resale and liquidity of the newly issued units.