Golub Capital Private Credit Fund: July 2026 Distributions & Portfolio Update

What Happened

• Golub Capital Private Credit Fund filed an 8‑K on July 24, 2026 announcing regular July 2026 distributions and providing a June 30, 2026 portfolio and NAV update.
• The Fund declared July distributions for Class I and Class S shares (gross $0.1875 per share). Record date is July 31, 2026; payment on or about August 28, 2026. Reinvestment via the Fund’s distribution reinvestment plan is available.

Key Details

• Distributions (per share): Class I — gross $0.1875; servicing fee $0.0000; net $0.1875. Class S — gross $0.1875; servicing fee $0.0171; net $0.1704.
• Portfolio size and composition (as of June 30, 2026): 454 portfolio companies; total fair value ≈ $9.6 billion. By investment type: First-lien senior secured 96%, junior debt 1%, equity & other 3%.
• Interest rate profile: ~99% of debt investments (by fair value) are floating-rate; seven investments (~1%) have fixed rates.
• Top industries (by fair value): Software 21%, Healthcare Technology 7%, Hotels/Restaurants/Leisure 7%, Healthcare Equipment & Supplies 7%, Insurance 6% (others include healthcare providers, financial services, consumer services).
• Balance sheet and NAV (as of June 30, 2026): NAV ≈ $4.5 billion; portfolio fair value ≈ $9.6 billion; debt & short-term borrowings ≈ $5.3 billion. Debt-to-equity leverage ratio 1.20x; GAAP net debt-to-equity 1.18x. NAV per share: Class I $24.17; Class S $24.17.
• Public offering status: Continuous public offering up to $10.0 billion. Through July 1, 2026 the Fund issued Class S: 9,352,112 shares ($234,677,294) and Class I: 159,731,226 shares ($4,006,054,869).

Why It Matters

• Income: Investors will receive the declared July distributions (cash or reinvestment); Class S shareholders pay a small servicing fee that reduces net payout versus Class I.
• Portfolio risk profile: The Fund is heavily concentrated in first‑lien, floating‑rate debt (96% and ~99% floating), which can support income in rising-rate environments but also concentrates exposure in senior secured loans.
• Financial position: NAV, portfolio fair value, and leverage ratios give a snapshot of the Fund’s size and capital structure as of June 30, 2026. The ongoing public offering shows continued equity issuance to raise capital.