North Haven Private Income Fund A LLC Declares Distribution, Sells Units

What Happened

• North Haven Private Income Fund A LLC filed an 8-K on August 25, 2026 reporting three main items: (1) an unregistered sale of approximately 21,465 Class I units for an aggregate ~ $0.4 million (purchase price $19.72/unit; final unit count determined August 21, 2026) pursuant to subscription agreements and sold under Section 4(a)(2) and Regulation D; (2) the Fund declared a distribution of $0.1403 per unit on August 21, 2026, payable on or around September 3, 2026 to holders of record as of August 31, 2026; and (3) a portfolio and net asset value update as of July 31, 2026.

Key Details

• Units sold: ~21,465 Class I units for about $0.4 million (purchase price $19.72/unit); sale relied on Reg D/accredited investor representations.
• Distribution: $0.1403 per unit declared Aug 21, 2026; payable ~Sept 3, 2026; record date Aug 31, 2026.
• Portfolio (as of July 31, 2026): 183 portfolio companies across 38 industries; aggregate par value ~$732.0 million; ~99.7% first‑lien debt and ~99.9% of debt at floating rates.
• NAV and leverage: estimated aggregate NAV ≈ $300.7 million; debt outstanding (principal) ≈ $313.1 million. The NAV estimate has not completed quarter‑end closing procedures and may differ materially from future NAVs.

Why It Matters

• Cash return: The declared $0.1403/unit distribution is the immediate cash return for unitholders of record on Aug 31, 2026.
• Capital and investor base: The modest unregistered sale (~$0.4M) increases capital but was done under private subscription agreements (Reg D), implying no public registration and reliance on accredited investor representations.
• Portfolio profile and risks: The Fund’s portfolio is heavily weighted to first‑lien, floating‑rate debt (nearly all debt is floating), and concentrated exposures (20% in software by par value), which affect income sensitivity to interest rates and sector concentration.
• NAV context: The estimated NAV ($300.7M) vs. outstanding debt ($313.1M) is a snapshot that has not been audited through quarter‑end close; investors should note it may change after formal quarter‑end procedures.