North Haven Private Income Fund LLC
Monitor the December 11 NAV determination and the tender results for the actual repurchase amount. The concurrent merger with PIF A may affect future unit structure and liquidity terms.
Executive Summary
North Haven Private Income Fund LLC launched an issuer tender offer to repurchase up to 8,353,679 of its Class S Units (5.0% of outstanding units as of September 30, 2026) at net asset value per unit determined as of December 11, 2026. The offer provides liquidity to unitholders in the absence of a secondary trading market and is part of a planned quarterly repurchase program. The company has also entered into a merger agreement with North Haven Private Income Fund A LLC, disclosed in a separate 8-K.
Key Facts
- Company offers to buy up to 8,353,679 Class S 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)
- NAV per unit as of September 30, 2026 was $17.64
- Offer period: November 4, 2026 to December 4, 2026
- Not conditioned on any minimum tender; pro rata if oversubscribed
- Company may purchase up to an additional 2.0% of outstanding units without amending the offer
- Funding sources: cash flow, asset sales, borrowings, return of capital, or proceeds from continuous private offering
- No officers, directors, or affiliates intend to tender units
- Company entered into a merger agreement with North Haven Private Income Fund A LLC on October 26, 2026
Financial Impact
Maximum repurchase value of approximately $147.4 million based on $17.64 NAV per unit and 8,353,679 units
Risk Factors
- Units are not traded on any market; this tender offer is the primary liquidity mechanism
- Funding may require portfolio liquidation, potentially at a loss
- Oversubscription could limit the number of units each holder can tender
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC TO-I Filing (Primary) | 0001193125-26-445368 |
| Document: ck0001851322-ex1_a1ii.htm | 0001193125-26-445368 |
| Document: ck0001851322-ex1_a1iii.htm | 0001193125-26-445368 |
| Document: ck0001851322-ex1_a1v.htm | 0001193125-26-445368 |
| Document: ck0001851322_exfilingfees.htm | 0001193125-26-445368 |
| Document: ck0001851322-ex1_a1iv.htm | 0001193125-26-445368 |
| Document: ck0001851322-ex1_a1i.htm | 0001193125-26-445368 |
| Document: 0001193125-26-445368-index-headers.html | 0001193125-26-445368 |
| Document: 0001193125-26-445368-index.html | 0001193125-26-445368 |
| Document: 0001193125-26-445368.txt | 0001193125-26-445368 |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers