Golub Capital Private Credit Fund Announces Sept 2026 Distributions and Portfolio Update

What Happened
Golub Capital Private Credit Fund filed an 8‑K on September 25, 2026 announcing its September 2026 regular distributions for Class I and Class S shares and providing portfolio and balance-sheet updates as of August 31, 2026. The Fund declared a $0.1875 per‑share regular distribution for both Class I and Class S (Class S net after estimated servicing fee: $0.1703). Distributions are payable to shareholders of record at the open of business on September 30, 2026 and will be paid on or about October 30, 2026, in cash or via the Fund’s reinvestment plan.

Key Details

• Portfolio size and composition (as of Aug 31, 2026): 454 portfolio companies; total portfolio fair value ≈ $9,538 million.
• NAV and leverage (as of Aug 31, 2026): aggregate NAV ≈ $4,345 million; debt and short‑term borrowings ≈ $5,379 million; debt‑to‑equity leverage ratio 1.24x (GAAP net 1.22x).
• Investment mix: First‑lien senior secured 96%, junior debt 1%, equity & other 3%; ~99% of debt investments (by fair value) are floating rate.
• NAV per share (as of Aug 31, 2026): Class I $24.28; Class S $24.28.
• Public offering status: continuous offering up to $10.0 billion; through Sept 1, 2026 the Fund issued 161,546,345 Class I shares for $4,050,068,731 and 9,404,302 Class S shares for $235,942,294.

Why It Matters
The filing gives investors current income and portfolio health metrics: a declared regular distribution for September and detailed balance‑sheet and NAV figures through August 31, 2026. High concentration in first‑lien senior secured loans (96%) and predominantly floating‑rate debt (99%) are relevant for income stability in a rising‑rate environment. The Fund’s leverage (≈1.24x) and substantial outstanding debt ($5.38B) are key factors for risk assessment, while the ongoing $10B public offering indicates continued capital raising and potential dilution or growth in assets under management.