Golub Capital Private Income Fund I Reports July 2026 Distribution and Portfolio/NAV Update

What Happened
Golub Capital Private Income Fund I filed an 8-K on July 24, 2026 reporting three items: (1) an unregistered sale of 51,511 common shares on July 1, 2026 priced at the Fund’s NAV as of June 30, 2026; (2) a declared regular July 2026 distribution of $0.1667 per common share payable on or about August 28, 2026 to holders of record at the open of business on July 31, 2026 (cash or reinvestment available); and (3) portfolio and NAV disclosures as of June 30, 2026, including NAV per common share of $24.16.

Key Details

• Unregistered sale: 51,511 common shares sold as of July 1, 2026 at NAV $24.16 for total consideration $1,244,500; sale exempt under Section 4(a)(2), Regulation D and/or Regulation S; no sales load or commission.
• Distribution: July 2026 regular distribution of $0.1667 per common share, payable ~Aug 28, 2026; record date July 31, 2026; reinvestment option available.
• Portfolio & NAV (as of June 30, 2026): aggregate NAV ≈ $207 million; portfolio fair value ≈ $439 million across 158 companies; debt outstanding ≈ $245 million. NAV per common share = $24.16.
• Portfolio composition: ~99% first-lien senior secured debt (by fair value), floating-rate debt ~100% (three small fixed-rate positions <1%); top industry exposures: Software 24%, Insurance 9%, Commercial Services 7%, Healthcare (various) ≈15% combined.
• Leverage: debt-to-equity leverage ratio 1.19x; GAAP net debt-to-equity (debt reduced by cash) 1.16x.

Why It Matters
These disclosures give investors updated, concrete measures of the Fund’s capital activity, income return, and risk profile. The $0.1667 distribution and NAV of $24.16 show current payout and valuation per share; the unregistered share sale was a modest capital raise (~$1.24M) at NAV with no commissions. Portfolio data indicate the Fund is overwhelmingly invested in first‑lien, floating‑rate loans (lower interest rate sensitivity) with concentration in software and other industries, and uses moderate leverage (≈1.2x). Retail investors can use this information to assess current yield, valuation, credit exposure, and leverage when considering the Fund.