Golub Capital Private Income Fund I Reports Sept 2026 Distribution

What Happened
Golub Capital Private Income Fund I filed an 8-K on September 25, 2026 reporting three items: (1) an unregistered sale of Common Shares on September 1, 2026, (2) a regular September 2026 distribution of $0.1667 per Common Share, and (3) portfolio and NAV details as of August 31, 2026. The fund’s NAV per Common Share was $24.30 as of August 31, 2026. The filing was signed by Paul Solini, Chief Accounting Officer.

Key Details

• Unregistered sale: 96,269 Common Shares sold as of September 1, 2026 at NAV $24.30 per share for total consideration of $2,339,348; sale exempt from Securities Act registration (Section 4(a)(2), Reg D and/or Reg S). No underwriting discounts or sales commissions were paid.
• September distribution: Regular distribution of $0.1667 per Common Share declared July 31, 2026; payable on or around October 30, 2026 to holders of record as of open of business September 30, 2026. Payment options: cash or reinvestment via the fund’s distribution reinvestment plan.
• Portfolio and NAV (as of August 31, 2026): 171 portfolio companies; total portfolio fair value ≈ $438 million; aggregate NAV ≈ $212 million; NAV per Common Share $24.30.
• Leverage and debt: Total debt outstanding ≈ $240 million; debt-to-equity leverage ratio 1.14x; GAAP net debt-to-equity ratio 1.11x. Portfolio composition: ~99% first-lien senior secured, <1% junior debt, ~1% equity; nearly 100% of debt investments are floating-rate. Top industry exposures by fair value: Software 25%, Insurance 9%, Commercial Services & Supplies 8%, Healthcare Providers & Services 6%.

Why It Matters
The filing gives investors a snapshot of current cash returns (the declared distribution), recent capital activity (the unregistered share sale at NAV), and portfolio risk profile (heavy first-lien, largely floating-rate debt and concentration in software). NAV, portfolio fair value, and leverage ratios are key metrics retail investors use to assess the fund’s valuation, income generation, and balance-sheet risk. The distribution and reinvestment option affect near-term cash returns and share count for existing shareholders.