Goldman Sachs Private Credit Corp. Reports Unregistered Share Sales, June Distribution & NAV
Goldman Sachs Private Credit Corp.Research Summary
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Goldman Sachs Private Credit Corp. Reports Unregistered Share Sales, June Distribution & NAV
What Happened
Goldman Sachs Private Credit Corp. filed an 8‑K on July 21, 2026 disclosing three material items: (1) private (unregistered) sales of Class I and Class S shares completed as of July 1, 2026 (final shares determined July 20, 2026); (2) the Board’s declaration of the June 2026 distribution; and (3) preliminary June 30, 2026 NAV, portfolio value and fund leverage. The company sold 6,097,725 Class I shares for $149,839,000 and 18,109 Class S shares for $445,000 in offerings conducted under Section 4(a)(2), Regulation D and/or Regulation S (purchasers represented they were accredited investors and/or non‑U.S. persons). The Board declared a gross June distribution of $0.1850 per share (payable on or about July 28, 2026 to holders of record June 30, 2026); net distribution amounts reflect share‑class servicing fees. As of June 30, 2026 the Company reported NAV of approximately $9.2 billion, NAV per share of $24.57 for all classes, an investment portfolio fair value of ~$18.2 billion, and fund leverage of 0.9x.
Key Details
- Unregistered share sales: Class I — 6,097,725 shares for $149,839,000; Class S — 18,109 shares for $445,000 (final share counts determined July 20, 2026).
- June 2026 distribution: Gross $0.1850 per share; Class I net $0.1850 (annualized yield 9.0% based on month‑end NAV), Class S net $0.1677, Class D net $0.1797; payable ~July 28, 2026 to record holders as of June 30, 2026.
- Performance (based on NAV as of June 30, 2026): Class I year‑to‑date total return 2.8%, 1‑year 7.2%, inception‑to‑date 9.4%; Class S and D show shorter performance histories reflecting later issuance.
- Balance sheet snapshot: NAV ≈ $9.2 billion; NAV per share $24.57; investment portfolio fair value ≈ $18.2 billion; fund leverage 0.9x (average daily borrowings ÷ average net assets).
Why It Matters
These disclosures provide investors updated liquidity, income and valuation metrics: the private share sales increased the company’s equity on a non‑registered basis, the declared monthly distribution ($0.1850) signals the current income payout level, and the reported NAV, portfolio fair value and modest 0.9x leverage offer a snapshot of the fund’s size and borrowing profile as of June 30, 2026. All figures are management’s preliminary determinations and may be revised in subsequent Form 10‑Q or Form 10‑K filings, so investors should consider the information as provisional.