North Haven Private Income Fund - EvergreenLink

North Haven Private Income Fund

North Haven Private Income Fund LLC is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. The Company has elected to be regulated as a business development company (“BDC”) under the 1940 Act and intends to qualify as a regulated investment company (“RIC”). The Company’s investment objective is to achieve attractive risk-adjusted returns via current income and, to a lesser extent, capital appreciation by investing primarily in directly originated senior secured term loans issued by U.S. middle-market companies in which private equity sponsors have a controlling equity stake. The Company is conducting a continuous private offering of its units and is externally managed by MS Capital Partners Adviser Inc., an indirect wholly owned subsidiary of Morgan Stanley.

News and Notices

ManagerMorgan Stanley

Inception2022

Registration'40 Act

Fund TypeNon-Traded BDC

CurrencyUSD

Repurchase FrequencyQuarterly

Subscription FrequencyDaily

Management Fee1.25%

Fiscal Year EndDecember 31

News and Notices

Portfolio Holdings

Portfolio Composition

Growth

Capital Flows

Tender Offers

Share Classes

Returns

Fees

Ownership

Operating Metrics

Per Page

Notices

Feb 18, 2026

16:41

Marketing Materials, Redemptions

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North Haven Private Income Fund disclosed that its third-quarter repurchase offer expired September 14, 2026, with about 43.8% of valid tender requests accepted, representing an estimated 5.0% of outstanding units.

May 25, 2025

16:00

Distributions, Subscriptions

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North Haven Private Income Fund sold 317,050 Class S units for $5.67 million at $17.89 per unit and declared a $0.1204 per-unit distribution. The distribution is payable around September 3 to August 31 record holders.

Jan 13, 2025

16:03

Redemptions

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North Haven Private Income Fund is offering to repurchase up to 8.6 million Class S units, or 5.0% outstanding, at September 30, 2026 net asset value. Investors may tender through September 14, 2026, with oversubscriptions accepted pro rata.

Mar 28, 2026

16:34

Distributions, Subscriptions

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North Haven Private Income Fund sold approximately 122,704 Class S units for $2.20 million at $17.91 per unit and declared a $0.1206 per unit distribution. The distribution is payable around August 5, 2026 to holders of record on July 31, 2026.

Oct 28, 2024

16:31

Redemptions

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North Haven Private Income Fund completed its Class S unit tender offer, accepting 8,913,931 units, representing 5.0% of outstanding units, at $17.91 per unit for approximately $159.6 million; oversubscription resulted in approximately 41.6% of valid tenders being accepted.

Jul 16, 2025

11:27

Debt Issuances, Marketing Materials

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North Haven Private Income Fund launched an exchange offer for $300 million of 5.125% notes due 2028, allowing holders to swap privately placed notes for registered notes on identical principal and coupon terms by August 20, 2026.

Jan 06, 2024

00:15

Other

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North Haven Private Income Fund’s registration statement became effective on July 2, 2026 at 4:00 p.m., advancing regulatory clearance for the related securities registration.

Jul 01, 2025

16:48

Compliance, Marketing Materials

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North Haven Private Income Fund updated its registration statement as Pre-Effective Amendment No. 1 on July 1, 2026, adding its registration number and incorporating legal, accounting, Trustee, transmittal and filing fee exhibits.

Mar 23, 2026

17:11

Redemptions

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North Haven Private Income Fund accepted approximately 43% of validly tendered Class S units on a pro rated basis after the tender offer expired June 4, 2026, with repurchases estimated at 5% of outstanding units.

Jan 23, 2025

16:17

Marketing Materials, Redemptions

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North Haven Private Income Fund received second-quarter repurchase requests for approximately 11.6% of outstanding units and will accept 5.0% on a prorated basis. Investors who tendered will have approximately 43.0% of requests fulfilled at June 30, 2026 net asset value per unit.

Preview

News

Returns & Performance

Debt

BDCs

North America

EvergreenLink Debt BDC Index one-year return slips below 5%

Jun 26, 2026

We analyze the top-performing BDCs as of H1 2026 across one, three, and since-inception periods.

Capital Flows

Debt

North America

BDCs

Morgan Stanley BDC caps withdrawals for second consecutive quarter

Jun 24, 2026

Investors in the North Haven Private Income Fund sought to redeem 11.6% of outstanding shares in Q2.

BDCs

Debt

Capital Flows

North America

Morgan Stanley's private credit fund limits redemptions

Mar 16, 2026

North Haven Private Income Fund adhered to its 5% repurchase cap, fulfilling less than half of the 10.9% of shares outstanding tendered.

Who manages North Haven Private Income Fund?Morgan Stanley is responsible for managing North Haven Private Income Fund.

When was North Haven Private Income Fund incepted?North Haven Private Income Fund launched in 2022.

How is North Haven Private Income Fund registered?North Haven Private Income Fund is registered as a '40 Act fund.

What type of fund is North Haven Private Income Fund?North Haven Private Income Fund is structured as a Non-Traded BDC fund.

How can investors access North Haven Private Income Fund?You can invest in North Haven Private Income Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.

How often can investors buy shares of North Haven Private Income Fund?You can invest in North Haven Private Income Fund daily, subject to eligibility and fund subscription deadlines.

How often can investors sell shares of North Haven Private Income Fund?You can redeem shares of North Haven Private Income Fund quarterly, subject to redemption limits and notice requirements.

What currency is North Haven Private Income Fund offered in?Shares of North Haven Private Income Fund can be purchased in USD.

When does North Haven Private Income Fund close its fiscal year?North Haven Private Income Fund's fiscal year end is December 31.

How big is North Haven Private Income Fund?North Haven Private Income Fund's net asset value was $3,091.8 million and its portfolio had a fair value of $6,267.4 million as of June 30, 2026.

What types of investments does North Haven Private Income Fund make?Among other deal types, North Haven Private Income Fund primarily makes Debt Investments.

What strategies does North Haven Private Income Fund invest in?Among other asset classes, North Haven Private Income Fund primarily invests in Direct Lending.

What geographies does North Haven Private Income Fund have exposure to?Among other regions, North Haven Private Income Fund primarily invests in the USA and Globally.

What management fee does North Haven Private Income Fund charge?North Haven Private Income Fund charges a 1.25% annual management fee, which is calculated based on NAV.

How much do investors need to invest for their first purchase of shares in North Haven Private Income Fund?You can invest in PIF-S shares with a minimum initial investment of $10,000.

How has North Haven Private Income Fund performed?North Haven Private Income Fund's PIF-S share class generated an annualized 1-month return of 1.37% and 4-year return of 7.10% as of June 30, 2026.

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