Company research
North Haven Private Income Fund LLC
CIK 1851322Updated Sep 24, 2026
Name history
Morgan Stanley Private Income Fund LLC · through Jul 13, 2021
Filing activity
Latest filing
50 filings on record · SC TO-I/A, 8-K, SC TO-I, 10-Q, 424B3, EFFECT.
Recent filings
SC TO-I/A filing
Unregistered Sales of Equity Securities · Regulation FD Disclosure
Items 3.02, 7.01
SC TO-I filing
10-Q filing
Unregistered Sales of Equity Securities · Regulation FD Disclosure
Items 3.02, 7.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,973,120,000Source | 6,408,504,000Source | 3,462,082,000Source | 2,075,223,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,593,292,000Source | 3,137,318,000Source | 1,157,652,000Source | 809,010,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 182,000Source | 173,000Source | 121,000Source | 71,000Source |
| Additional Paid in CapitalUSD | 3,505,645,000Source | 3,321,472,000Source | 2,331,297,000Source | 1,337,703,000Source |
| Retained Earnings (Accumulated Deficit)USD | -125,999,000Source | -50,459,000Source | -26,988,000Source | -71,561,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,379,828,000Source | 3,271,186,000Source | 2,304,430,000Source | 1,266,213,000Source |
| Liabilities and EquityUSD | 6,973,120,000Source | 6,408,504,000Source | 3,462,082,000Source | 2,075,223,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 28,448,000Source | 26,178,000Source | 18,455,000Source | 9,814,000Source |
| Long-term DebtUSD | 3,290,766,000Source | 2,861,892,000Source | 914,829,000Source | 726,496,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -323,442,000Source | -2,005,974,000Source | -983,477,000Source | -1,985,133,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 336,085,000Source | 146,158,000Source | 103,406,000Source | 38,988,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 363,402,000Source | 2,001,907,000Source | 1,130,338,000Source | 2,060,482,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 1,709,000,000Source | 1,343,500,000Source | 1,828,500,000Source | 738,500,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 199,865,000Source | 218,004,000Source | 222,244,000Source | 75,378,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 228,502,000Source | 128,606,000Source | 48,391,000Source | 16,188,000Source |
| Additional Financial Items | ||||
| Amortization of Deferred ChargesUSD | — | 0Source | 18,000Source | 199,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 5,199,000Source | 3,220,000Source | 1,184,000Source | 0Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | -26,742,000Source | 105,000Source | -442,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | -66,469,000Source | 8,426,000Source | 43,906,000Source | -76,260,000Source |
| Dividends PayableUSD | 28,448,000Source | 26,178,000Source | 18,455,000Source | 9,814,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 61,000Source | -7,000Source | 1,000Source | -6,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | 173,000Source | -171,000Source | 42,000Source | 6,000Source |
| InterestAndDividendIncomeOperatingPaidInKindUSD | 25,718,000Source | 19,453,000Source | 7,987,000Source | 1,753,000Source |
| InterestIncomeOperatingPaidInKindUSD | — | 14,580,000Source | 4,622,000Source | 725,000Source |
| InvestmentCompanyDistributionOrdinaryIncomeUSD | 312,944,000Source | 282,812,000Source | 161,416,000Source | 62,264,000Source |
| Net Income (Loss) Attributable to ParentUSD | 238,432,000Source | 259,971,000Source | 205,918,000Source | -9,696,000Source |
| Proceeds from Issuance of Common StockUSD | 410,194,000Source | 857,620,000Source | 1,021,895,000Source | 1,369,325,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 2,118,314,000Source | 2,754,469,000Source | 2,018,500,000Source | 1,464,818,000Source |
| Realized Investment Gains (Losses)USD | -16,349,000Source | — | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | — | -17,534,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net Income (Loss) Attributable to ParentUSD | 238,432,000Source | 259,971,000Source | 205,918,000Source | -9,696,000Source |
| Earnings Per Share, BasicUSD per share | 1.28Source | 1.66Source | 2.26Source | -0.18Source |
| Earnings Per Share, DilutedUSD per share | 1.28Source | 1.66Source | 2.26Source | -0.18Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 186,941,307Source | 156,537,151Source | 91,230,657Source | 53,379,085Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 186,941,307Source | 156,537,151Source | 91,230,657Source | 53,379,085Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 1.67Source | 1.81Source | 1.77Source | 1.11Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | -26,742,000Source | 105,000Source | -442,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | -66,469,000Source | 8,426,000Source | 43,906,000Source | -76,260,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | 61,000Source | -7,000Source | 1,000Source | -6,000Source |
| Interest ExpenseUSD | — | — | 75,673,000Source | 19,516,000Source |
| InterestExpenseOperatingUSD | 246,365,000Source | 171,312,000Source | — | — |
| InterestIncomeOperatingPaidInKindUSD | — | 14,580,000Source | 4,622,000Source | 725,000Source |
| Investment Company, Contractual Fee WaivedUSD | 19,680,000Source | 2,750,000Source | 0Source | 5,540,000Source |
| InvestmentIncomeOperatingAfterExpenseAndTaxUSD | 321,016,000Source | 278,465,000Source | 161,864,000Source | 67,006,000Source |
| Management Fee ExpenseUSD | 43,573,000Source | 36,707,000Source | 21,048,000Source | 11,190,000Source |
| Net Investment IncomeUSD | 321,016,000Source | 278,480,000Source | 161,934,000Source | 67,206,000Source |
| Other General and Administrative ExpenseUSD | 732,000Source | 199,000Source | 205,000Source | 654,000Source |
| Other IncomeUSD | — | 12,673,000Source | 8,564,000Source | 3,074,000Source |
| Realized Investment Gains (Losses)USD | -16,349,000Source | — | — | — |
Filing attachments
ck0001851322-ex99_1.htm · 8-K · 2026-06-23
EX-99.1 2 ck0001851322-ex99_1.htm EX-99.1 North Haven Private Income Fund MORGAN STANLEY PRIVATE CREDIT | INVESTOR UPDATE | JUNE 2026 1 Dear Investor, Thank you for your continued investment in North Haven Private Income Fund LLC (“PIF” or the “Company”) and for your ongoing trust in Morgan Stanley Private Credit. We are writing to provide an update on the Company and the outcome of its most recent quarterly unit repurchase offer. In connection with the second quarter repurchase offer, the C…
Read attachment ↗d98569dex991.htm · 8-K · 2026-03-11
EX-99.1 2 d98569dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Morgan Stanley INVESTMENT MANAGEMENT North Haven Private Income Fund MORGAN STANLEY PRIVATE CREDIT | INVESTOR UPDATE | MARCH 2026 Dear Investor, We are writing to provide an update on North Haven Private Income Fund LLC (“PIF” or “the Company”), following the completion of the Company’s most recent quarterly unit repurchase offer, and to share our perspective on the positioning of the Company in the context of the current market envir…
Read attachment ↗d56573dex42.htm · 8-K · 2025-09-26
EX-4.2 2 d56573dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 SECOND SUPPLEMENTAL INDENTURE between NORTH HAVEN PRIVATE INCOME FUND LLC and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee DATED AS OF SEPTEMBER 25, 2025 SECOND SUPPLEMENTAL INDENTURE THIS SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of September 25, 2025 (the “Issue Date”), is between North Haven Private Income Fund LLC, a Delaware limited liability company (the “Company”), and U.S. B…
Read attachment ↗d56573dex44.htm · 8-K · 2025-09-26
EX-4.4 3 d56573dex44.htm EX-4.4 EX-4.4 Exhibit 4.4 EXECUTION VERSION REGISTRATION RIGHTS AGREEMENT by and among North Haven Private Income Fund LLC, Wells Fargo Securities, LLC, BNP Paribas Securities Corp., ING Financial Markets LLC, J.P. Morgan Securities LLC, and SMBC Nikko Securities America, Inc. Dated as of September 25, 2025 REGISTRATION RIGHTS AGREEMENT This Registration Rights Agreement (this “Agreement”) is made and entered into as of September 25, 2025, by and among …
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