North Haven Private Income Fund Sells Class S Units, Declares October Distributions

What Happened
North Haven Private Income Fund LLC filed an 8‑K on September 24, 2026 disclosing two primary events: (1) an unregistered issuance of Class S units and (2) distribution and portfolio updates under Regulation FD. As of September 1, 2026 the Fund sold approximately 432,819 Class S units at $17.86 per unit (aggregate ≈ $7.73 million; final unit count determined September 22, 2026) pursuant to subscription agreements exempt from registration under Section 4(a)(2) and Regulation D, based on accredited‑investor representations. On September 22, 2026 the Fund declared a regular distribution of $0.1190 per unit and a special distribution of $0.0110 per unit, both payable on or around October 5, 2026 to unitholders of record as of September 30, 2026.

Key Details

• Unregistered unit sale: ~432,819 Class S units at $17.86/unit; aggregate ≈ $7.73 million; exemption relied on Section 4(a)(2) and Regulation D.
• Distributions: Regular $0.1190/unit and special $0.0110/unit; record date Sept 30, 2026; payment on/around Oct 5, 2026.
• Portfolio size and composition (as of Aug 31, 2026): $6,591.1M par/cost across 294 portfolio companies in 43 industries; ~96.3% first‑lien debt, ~0.4% second‑lien, ~3.3% other; ~99.9% of debt investments are floating‑rate.
• NAV and leverage (as of Aug 31, 2026): estimated aggregate NAV ≈ $3,117.6M; debt outstanding (principal) ≈ $2,929.2M. Note the NAV estimate is preliminary and was not subject to quarter‑end close procedures.

Why It Matters
For investors, the filing shows the Fund raised roughly $7.7M via a private issuance of Class S units (to accredited investors), which increases capital available to the Fund but was completed in a private, exempt transaction. The declared regular and special distributions provide near‑term cash payouts (payable early October) and are concrete items of shareholder return. The portfolio and NAV snapshot quantify the Fund’s scale, high exposure to first‑lien and floating‑rate debt, and leverage level—facts that affect income potential and interest‑rate sensitivity. Finally, the NAV figure is preliminary and may change after the Fund completes its normal quarter‑end closing procedures.