North Haven Private Income Fund A LLC
Monitor the tender offer expiration on December 4, 2026 for the actual tender rate and any proration. The pending merger with North Haven Private Income Fund LLC may affect future repurchase programs or unit valuations.
Executive Summary
North Haven Private Income Fund A LLC launched an issuer tender offer to repurchase up to 737,508 of its Class I Units (5.0% of outstanding units as of September 30, 2026) at net asset value per unit as of the Valuation Date of December 11, 2026. The offer provides liquidity to unitholders in a private fund with no secondary market and is part of a planned quarterly repurchase program. The company also disclosed an Agreement and Plan of Merger with North Haven Private Income Fund LLC entered into on October 26, 2026.
Key Facts
- Company offers to purchase up to 737,508 Class I Units (5.0% of outstanding units as of September 30, 2026)
- Purchase price equals net asset value per unit as of December 11, 2026 Valuation Date
- Offer expires at 12:01 a.m. ET on December 4, 2026, unless extended
- As of September 30, 2026, NAV per unit was $19.57
- No minimum tender condition; oversubscribed units accepted pro rata
- Company may purchase up to an additional 2.0% of outstanding units without amending the offer
- Funding sources: cash flow from operations, asset sales, borrowings, return of capital, or proceeds from continuous private offering
- Company entered into Agreement and Plan of Merger with North Haven Private Income Fund LLC on October 26, 2026
- No officers, directors, or affiliates intend to tender units
- MS Credit Partners Holdings Inc. holds 707,016.911 units (4.79%)
Financial Impact
Maximum aggregate purchase price approximately $14.4 million based on $19.57 NAV per unit and 737,508 units
Risk Factors
- If oversubscribed, tendering unitholders may have only a portion of their units accepted on a pro rata basis
- Funding repurchases may require portfolio liquidation, potentially causing losses or higher turnover expenses
- Pending merger with North Haven Private Income Fund LLC could alter the company's structure or repurchase plans
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC TO-I Filing (Primary) | 0001193125-26-445389 |
| Document: ck0001973476-ex1_a1ii.htm | 0001193125-26-445389 |
| Document: ck0001973476-ex1_a1iii.htm | 0001193125-26-445389 |
| Document: ck0001973476-ex1_a1v.htm | 0001193125-26-445389 |
| Document: ck0001973476_exfilingfees.htm | 0001193125-26-445389 |
| Document: ck0001973476-ex1_a1iv.htm | 0001193125-26-445389 |
| Document: ck0001973476-ex1_a1i.htm | 0001193125-26-445389 |
| Document: 0001193125-26-445389-index-headers.html | 0001193125-26-445389 |
| Document: 0001193125-26-445389-index.html | 0001193125-26-445389 |
| Document: 0001193125-26-445389.txt | 0001193125-26-445389 |
US Market Status
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