Goldman Sachs Private Credit Corp. Reports Unregistered Share Sales, NAV and July Distribution

What Happened

• Goldman Sachs Private Credit Corp. filed an 8-K on August 20, 2026 reporting that, as of August 1 (final shares determined August 19, 2026), it sold unregistered shares under subscription agreements relying on Section 4(a)(2)/Reg D and/or Reg S exemptions. The filing also disclosed the Company’s July 2026 distribution (declared May 6, 2026), net asset values as of July 31, 2026, portfolio fair value and fund leverage.

Key Details

• Unregistered share sales (final shares determined Aug 19, 2026):
  • Class I: 6,270,805 shares for $154,187 (in 000s) → $154.187M
  • Class S: 60,395 shares for $1,485 (in 000s) → $1.485M
  • Class D: 305 shares for $8 (in 000s) → $8,000
    Sales were made under subscription agreements; purchasers represented they were accredited investors and/or non-U.S. persons.
• July 2026 distribution (declared May 6, 2026; record date July 31; payable on/about Aug 28): $0.1850 gross per share for all classes. Net per share: Class I $0.1850 (annualized yield 9.0%); Class S $0.1675 (after $0.0175 servicing fee); Class D $0.1799 (after $0.0051 fee).
• NAV and portfolio: Total NAV ≈ $9.4 billion as of July 31, 2026; NAV per share $24.59 for Class I/S/D. Fair value of investment portfolio ≈ $18.0 billion.
• Fund leverage: 0.9x as of July 31, 2026 (average daily borrowings divided by average net assets).

Why It Matters

• The company completed private placements (unregistered sales) to accredited and/or non-U.S. investors, raising roughly $155.7M in gross proceeds across three share classes — a capital-raising detail investors should note for ownership and liquidity context.
• The declared July distribution and a 9.0% annualized yield for Class I provide current income metrics; NAV and portfolio fair value show the fund’s scale (~$9.4B NAV, $18.0B portfolio) while 0.9x leverage indicates moderate use of borrowing relative to assets. These facts help investors assess yield, recent capital activity, balance-sheet size and leverage levels without predicting future performance.