DFX Intelligence

Private Credit Intelligence

The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.

BDC portfolio

North Haven Private Income Fund LLC

BDCnon-tradedCIK 1851322file 814-01489NEW YORK, NYmanaged by MS CAPITAL PARTNERS ADVISER INC.

Fair value

$6.3B

as of Jun 30, 2026

Principal held

$6.3B

debt pieces, the filer's figure

Cost

$6.5B

98c on cost

Unfunded

$672M

commitments not yet drawn

Positions

1,112

378 borrowers

First lien

97%

97% debt by fair value

Quarters on the tape

since Dec 31, 2022

Facilities held

638

47 sponsors financed

Portfolio through time

Fair value by quarter end$6.3B as of Jun 30, 2026

Dec 31, 2022$2.0B then

Quarter	Fair value	Borrowers	On cost	PIK pos.	Avg spread
Jun 30, 2026	$6.3B	378	98c	67	480 bp
Mar 31, 2026	$6.6B	374	98c	52	480 bp
Dec 31, 2025	$6.9B	388	99c	49	481 bp
Sep 30, 2025	$6.7B	375	99c	46	487 bp
Jun 30, 2025	$6.8B	335	99c	52	495 bp
Mar 31, 2025	$6.5B	331	99c	45	499 bp
Dec 31, 2024	$14B	425	100c	84	507 bp
Sep 30, 2024	$5.9B	296	100c	39	520 bp
Jun 30, 2024	$4.3B	259	99c	28	527 bp
Mar 31, 2024	$3.8B	245	99c	21	539 bp
Dec 31, 2023	$3.2B	219	99c	21	550 bp
Sep 30, 2023	$2.8B	214	99c	13	543 bp
Jun 30, 2023	$2.6B	210	98c	7	539 bp
Mar 31, 2023	$2.1B	211	97c	6	530 bp
Dec 31, 2022	$2.0B	209	96c	5	520 bp

Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.

Sponsors financed

Warburg Pincus LLC carried
6 borrowers $268M
Vista Equity Partners Management, LLC inferred
6 borrowers $80.2M
Leonard Green & Partners, L.P. carried
5 borrowers $121M
Clayton, Dubilier & Rice, LLC carried
4 borrowers $23.1M
Silver Lake Technology Management, LLC carried
3 borrowers $325M
Genstar Capital carried
3 borrowers $186M
TJC LP carried
3 borrowers $104M
Hellman & Friedman LLC inferred
3 borrowers $41.7M
Charlesbank Capital Partners, LLC carried
2 borrowers $418M
Alpine Investors carried
2 borrowers $227M
Windjammer Capital Investors carried
2 borrowers $223M
Summit Partners, L.P. carried
2 borrowers $155M
Hg carried
2 borrowers $90.7M
GSV Equity Holdings, LLC inferred
2 borrowers $84.4M
Stone Point Capital LLC carried
2 borrowers $45.6M

Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.

What changed

Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Charlesbank Capital Partners, LLC borrower (2 borrowers, 9 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Silver Lake Technology Management, LLC borrower (3 borrowers, 9 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Warburg Pincus LLC borrower (6 borrowers, 21 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Alpine Investors borrower (2 borrowers, 12 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Genstar Capital borrower (3 borrowers, 17 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Windjammer Capital Investors borrower (2 borrowers, 8 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Leonard Green & Partners, L.P. borrower (5 borrowers, 15 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Summit Partners, L.P. borrower (2 borrowers, 9 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Vista Equity Partners Management, LLC borrower (6 borrowers, 15 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another TJC LP borrower (3 borrowers, 12 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first Harvest Partners, LP borrower (1 borrower, 6 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first LCN Capital Management, L.P. borrower (1 borrower, 6 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first Thoma Bravo borrower (1 borrower, 4 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another GSV Equity Holdings, LLC borrower (2 borrowers, 10 facilities held)
Repeat sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances another Hg borrower (2 borrowers, 8 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first Abry Partners II, LLC borrower (1 borrower, 5 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first Saltoun Capital Partners Management LLC borrower (1 borrower, 4 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first Kohlberg & Company borrower (1 borrower, 3 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first Southfield Capital LP borrower (1 borrower, 6 facilities held)
New sponsor and lender pairJun 30, 2026
North Haven Private Income Fund LLC finances a first CNK Equity Partners I, LLC borrower (1 borrower, 4 facilities held)

Every position change, including routine ones

Largest facilities held, with co-lenders

Integrity Marketing Acquisition, LLC first lien term loan
44 BDCs hold it · matures Aug 31, 2028 · Silver Lake Technology Management, LLC
$111M 100c
World Insurance Associates, LLC first lien term loan
23 BDCs hold it · matures Apr 30, 2030 · Charlesbank Capital Partners, LLC
$99.5M 101c
VRC Companies, LLC first lien term loan
15 BDCs hold it · matures Jun 29, 2029 · Windjammer Capital Investors
$91.5M 100c
Redwood Services Group, LLC first lien term loan
15 BDCs hold it · matures Jun 1, 2032
$90.9M 101c
Pareto Health Intermediate Holdings, Inc first lien term loan
15 BDCs hold it · matures Jun 3, 2030
$84.4M 100c
Software Anaplan, Inc first lien term loan
3 BDCs hold it · matures Jun 21, 2029
$79.6M 100c
Software Granicus, Inc first lien term loan
6 BDCs hold it · matures Jan 17, 2031
$78.4M 101c
Aptean, Inc first lien term loan
22 BDCs hold it · matures Jan 30, 2031
$77.9M 99c
MRI Software LLC first lien term loan
35 BDCs hold it · matures Feb 29, 2028
$76.5M 100c
Software Diligent Corporation first lien term loan
6 BDCs hold it · matures Aug 2, 2030
$76.0M 99c
Accordion Partners LLC first lien term loan
16 BDCs hold it · matures Nov 17, 2031
$73.3M 100c
Dwyer first lien term loan
21 BDCs hold it · matures Jul 21, 2029
$71.8M 100c

Schedule of investments at Jun 30, 2026

1,112 positions

Borrower	Instrument	Principal	Fair value	Rate	Maturity
Integrity Marketing Acquisition, LLC Insurance Services	term loan first lien	$111M	$111M 100c	SOFR+500 bp	Aug 25, 2028
North Haven Keystone, LLC Investment LLC Interest	unstated lien unstated	n/a	$108M 98c
World Insurance Associates, LLC Insurance Services	term loan first lien	$99.5M	$99.0M 101c	SOFR+500 bp	Apr 3, 2030
Software Anaplan, Inc.	term loan first lien	$79.6M	$79.2M 100c	SOFR+450 bp	Jun 21, 2029
Aptean, Inc. Industrial Conglomerates	term loan first lien	$76.5M	$75.1M 99c	SOFR+475 bp	Jan 30, 2031
Software Diligent Corporation	term loan first lien	$73.2M	$71.8M 99c	12.09% PIK 8.42%	Aug 2, 2030
Hyland Software, Inc. Health Care Technology	term loan first lien	$69.4M	$69.3M 101c	SOFR+475 bp	Sep 19, 2030
Pareto Health Intermediate Holdings, Inc. Health Care Providers & Services	term loan first lien	$69.6M	$68.9M 100c	SOFR+500 bp	Jun 3, 2030
MRI Software, LLC Real Estate Management & Development	term loan first lien	$67.7M	$67.5M 100c	SOFR+475 bp	Feb 10, 2028
Software Granicus, Inc.	term loan first lien	$63.9M	$63.9M 101c	SOFR+575 bp PIK 2.25%	Jan 17, 2031
Atlas US Finco, Inc. Commercial Services & Supplies	term loan first lien	$64.6M	$63.8M 100c	SOFR+450 bp	Dec 9, 2029
Software Cyara AcquisitionCo, LLC	term loan first lien	$63.1M	$61.8M 99c	SOFR+550 bp	Jun 28, 2029
Software GS AcquisitionCo, Inc.	term loan first lien	$61.6M	$57.8M 94c	SOFR+525 bp	May 25, 2028
Accordion Partners, LLC Professional Services	term loan first lien	$56.7M	$56.3M 100c	SOFR+500 bp	Nov 17, 2031
Distributors PT Intermediate Holdings III, LLC	term loan first lien	$55.4M	$55.4M 101c	SOFR+475 bp	Apr 9, 2030
Arcoro Holdings Corp. Construction & Engineering	term loan first lien	$56.2M	$54.5M 98c	SOFR+550 bp	Mar 28, 2030
Apex Service Partners, LLC Diversified Consumer Services	term loan first lien	$53.6M	$53.6M 101c	SOFR+500 bp	Oct 24, 2030
Software Everbridge Holdings, LLC	term loan first lien	$53.5M	$53.5M 100c	SOFR+500 bp	Jul 2, 2031
Software Formstack Acquisition, Co.	term loan first lien	$52.4M	$51.9M 100c	SOFR+525 bp	Mar 28, 2030
Sonny's Enterprises, LLC Automobile Components	term loan first lien	$51.9M	$50.6M 98c	SOFR+550 bp	Aug 5, 2028
Chemicals Tank Holding Corp.	term loan first lien	$52.5M	$50.3M 97c	SOFR+575 bp	Mar 31, 2028
Magneto Components Buyco, LLC Electronic Equipment, Instruments & Components	term loan first lien	$48.1M	$48.1M 101c	SOFR+575 bp	Dec 5, 2030
Software Apryse Software Corp.	term loan first lien	$47.6M	$47.6M 101c	SOFR+450 bp	Jun 28, 2032
Redwood Services Group, LLC IT Services	term loan first lien	$46.2M	$46.1M 101c	SOFR+525 bp	Jun 15, 2029
Deerfield Dakota Holding, LLC Professional Services	term loan first lien	$46.5M	$45.6M 99c	SOFR+575 bp PIK 2.75%	Sep 13, 2032
Dwyer Electronic Equipment, Instruments & Components	term loan first lien	$45.6M	$45.2M 100c	SOFR+475 bp	Jul 20, 2029
Automobiles Vehlo Purchaser, LLC	term loan first lien	$45.8M	$45.0M 99c	SOFR+525 bp	May 24, 2028
VRC Companies, LLC Commercial Services & Supplies	term loan first lien	$44.4M	$44.3M 100c	SOFR+550 bp	Jun 29, 2027
VRC Companies, LLC Commercial Services & Supplies	term loan first lien	$42.7M	$42.7M 100c	SOFR+550 bp	Jun 29, 2027
Pharmaceuticals Caerus US 1, Inc.	term loan first lien	$40.2M	$39.5M 99c	SOFR+500 bp	May 25, 2029
Automobiles Drivecentric Holdings, LLC	term loan first lien	$38.8M	$38.8M 101c	SOFR+450 bp	Aug 15, 2031
Ridge Trail US Bidco, Inc. IT Services	term loan first lien	$38.4M	$38.4M 101c	SOFR+450 bp	Sep 30, 2031
Zarya Intermediate, LLC Real Estate Management & Development	term loan first lien	$38.3M	$37.8M 99c	SOFR+650 bp	Jul 1, 2027
Redwood Services Group, LLC IT Services	term loan first lien	$37.7M	$37.6M 101c	SOFR+525 bp	Jun 15, 2029
CCI Buyer, Inc. Wireless Telecommunication Services	term loan first lien	$37.5M	$37.2M 100c	SOFR+500 bp	May 13, 2032
PDI TA Holdings, Inc. Consumer Staples Distribution & Retail	term loan first lien	$38.6M	$36.7M 96c	SOFR+600 bp PIK 2.50%	Feb 3, 2031
Higginbotham Insurance Agency, Inc. Insurance Services	term loan first lien	$36.4M	$36.4M 100c	SOFR+450 bp	Jun 11, 2031
Software LegitScript, LLC	term loan first lien	$36.4M	$36.0M 100c	SOFR+525 bp	Jun 24, 2029
Software E-Discovery AcquireCo, LLC	term loan first lien	$36.6M	$35.2M 98c	SOFR+625 bp	Aug 29, 2029
Machinery Answer Acquisition, LLC	term loan first lien	$38.3M	$35.0M 92c	SOFR+600 bp	Jun 30, 2028
AWP Group Holdings, Inc. Commercial Services & Supplies	term loan first lien	$35.3M	$34.8M 100c	SOFR+591 bp PIK 3.28%	Dec 22, 2032
Foundation Risk Partners Corp. Insurance Services	term loan first lien	$34.4M	$34.4M 101c	SOFR+475 bp	Oct 29, 2030
Thrive Buyer, Inc. (Thrive Networks) IT Services	term loan first lien	$36.1M	$34.3M 96c	SOFR+500 bp PIK 2.50%	Feb 2, 2032
Vessco Midco Holdings, LLC Multi-Utilities	term loan first lien	$33.8M	$33.3M 99c	SOFR+450 bp	Jul 24, 2031
Software AuditBoard, Inc.	term loan first lien	$34.2M	$33.1M 98c	SOFR+500 bp	Jul 14, 2031
IG Investment Holdings, LLC Professional Services	term loan first lien	$32.8M	$32.8M 101c	SOFR+500 bp	Sep 22, 2028
ManTech International CP Aerospace & Defense	term loan first lien	$32.8M	$32.7M 100c	SOFR+450 bp	Sep 14, 2029
Software Securonix, Inc.	term loan first lien	$32.7M	$32.6M 100c	SOFR+650 bp PIK 2.25%	Jun 2, 2031
Software Alert Media, Inc.	term loan first lien	$33.0M	$32.6M 99c	SOFR+625 bp PIK 5.25%	Apr 12, 2028
Vensure Employer Services, Inc. Commercial Services & Supplies	term loan first lien	$32.9M	$32.5M 100c	SOFR+500 bp	Sep 29, 2031
Jeppesen Holdings, LLC Transportation Infrastructure	term loan first lien	$32.6M	$32.3M 99c	SOFR+475 bp	Nov 1, 2032
Software Montana Buyer, Inc.	term loan first lien	$31.7M	$31.7M 101c	SOFR+475 bp	Jul 22, 2029
GI DI Cornfield Acquisition, LLC IT Services	term loan first lien	$31.6M	$31.5M 100c	SOFR+450 bp	Mar 9, 2029
Software Onit, Inc.	term loan first lien	$31.4M	$31.4M 101c	SOFR+475 bp	Jan 27, 2032
EVDR Purchaser, Inc. Diversified Consumer Services	term loan first lien	$31.1M	$31.1M 101c	SOFR+450 bp	Feb 14, 2031
Inszone Mid, LLC Insurance Services	term loan first lien	$31.2M	$31.0M 100c	SOFR+525 bp	Nov 30, 2029
Amerilife Holdings, LLC Insurance Services	term loan first lien	$30.5M	$30.5M 100c	SOFR+500 bp	Aug 31, 2029
Software Fullsteam Operations, LLC	term loan first lien	$30.9M	$30.0M 98c	SOFR+525 bp	Aug 8, 2031
Software Riskonnect Parent, LLC	term loan first lien	$30.1M	$30.0M 101c	SOFR+475 bp	Dec 7, 2028
Raptor Merger Sub Debt, LLC Industrial Conglomerates	term loan first lien	$30.2M	$29.9M 100c	SOFR+475 bp	Apr 1, 2030
Software Banyan Software Holdings, LLC	term loan first lien	$30.1M	$29.7M 100c	SOFR+550 bp	Jan 2, 2031
Iris Specialty Acquisition, LLC Insurance Services	term loan first lien	$29.4M	$29.4M 100c	SOFR+450 bp	Nov 22, 2032
Merative, LP Health Care Providers & Services	term loan first lien	$29.3M	$29.3M 100c	SOFR+450 bp	Sep 30, 2032
SV Newco 2, Inc. Ground Transportation	term loan first lien	$29.3M	$29.1M 101c	SOFR+500 bp	Jun 2, 2031
mPulse Mobile, Inc. Health Care Providers & Services	term loan first lien	$29.1M	$28.0M 97c	SOFR+475 bp	Feb 25, 2033
Verdantas, LLC Professional Services	term loan first lien	$28.6M	$27.9M 99c	SOFR+525 bp	May 6, 2031
PerkinElmer U.S., LLC Health Care Equipment & Supplies	term loan first lien	$27.9M	$27.7M 101c	SOFR+450 bp	Mar 13, 2029
Software Espresso Bidco, Inc.	term loan first lien	$27.9M	$27.3M 99c	SOFR+575 bp PIK 3.13%	Mar 25, 2032
Project Accelerate Parent, LLC Diversified Consumer Services	term loan first lien	$26.9M	$26.9M 101c	SOFR+525 bp	Feb 24, 2031
PPV Intermediate Holdings, LLC Health Care Providers & Services	term loan first lien	$27.3M	$26.9M 101c	SOFR+575 bp	Aug 31, 2029
NDT Global Holding, Inc. Electronic Equipment, Instruments & Components	term loan first lien	$26.9M	$26.5M 99c	SOFR+450 bp	Jun 4, 2032
Automobiles COP Collisionright Parent, LLC	term loan first lien	$26.6M	$26.3M 100c	SOFR+475 bp	Jan 29, 2030
Software Securonix, Inc.	term loan first lien	$31.8M	$25.6M 82c	SOFR+775 bp PIK 3.75%	Apr 5, 2029
Hercules Borrower, LLC Commercial Services & Supplies	term loan first lien	$25.8M	$25.5M 99c	SOFR+475 bp	Dec 15, 2028
Tamarack Intermediate, LLC Commercial Services & Supplies	term loan first lien	$25.4M	$25.3M 101c	SOFR+475 bp	Mar 12, 2029
BP Purchaser, LLC Containers & Packaging	term loan first lien	$34.0M	$25.3M 76c	SOFR+750 bp PIK 1.00%	Dec 11, 2028
Trintech, Inc. Financial Services	term loan first lien	$25.7M	$25.2M 99c	SOFR+475 bp	Jan 28, 2033
Superman Holdings, LLC Construction & Engineering	term loan first lien	$25.0M	$24.8M 100c	SOFR+450 bp	Aug 29, 2031
Software Netwrix Corporation And Concept Searching, Inc.	term loan first lien	$24.9M	$24.5M 99c	SOFR+475 bp	Jun 11, 2029
Software Banyan Software Holdings, LLC	term loan first lien	$24.8M	$24.5M 99c	SOFR+550 bp	Jan 2, 2031
Catalis Intermediate, Inc. IT Services	term loan first lien	$23.0M	$22.9M 101c	SOFR+525 bp	Aug 4, 2027
Lightspeed Solution, LLC Diversified Consumer Services	term loan first lien	$23.2M	$22.8M 99c	SOFR+600 bp	Mar 1, 2028
Sherlock Buyer Corp. Commercial Services & Supplies	term loan first lien	$24.7M	$22.6M 92c	SOFR+575 bp	Dec 6, 2030
Apollo Acquisition, Inc. IT Services	term loan first lien	$23.0M	$22.5M 99c	SOFR+525 bp	Dec 30, 2031
GPS Merger Sub, LLC Professional Services	term loan first lien	$22.5M	$22.5M 101c	SOFR+500 bp	Oct 2, 2029
Heartland Home Services Diversified Consumer Services	term loan first lien	$22.8M	$22.4M 99c	SOFR+575 bp	Dec 15, 2026
Software Emburse, Inc.	term loan first lien	$22.1M	$22.1M 100c	SOFR+425 bp	May 28, 2032
Software Artifact Bidco, Inc.	term loan first lien	$21.8M	$21.8M 101c	SOFR+415 bp	Jul 28, 2031
FORTIS Solutions Group, LLC Containers & Packaging	term loan first lien	$21.6M	$21.5M 100c	SOFR+550 bp	Oct 13, 2028
Bridgepointe Technologies, LLC IT Services	term loan first lien	$21.7M	$21.5M 100c	SOFR+475 bp	Apr 18, 2033
High Street Buyer, Inc. Insurance Services	term loan first lien	$21.6M	$21.4M 100c	SOFR+425 bp	Apr 14, 2028
Software Nasuni Corporation	term loan first lien	$21.6M	$21.2M 99c	SOFR+500 bp	Sep 10, 2030
Cliffwater, LLC Financial Services	term loan first lien	$21.2M	$21.0M 100c	SOFR+450 bp	Apr 22, 2032
BCTO Bluebill Midco, Inc. Financial Services	term loan first lien	$21.3M	$21.0M 99c	SOFR+450 bp	Jul 30, 2032
Railpros Parent, LLC Commercial Services & Supplies	term loan first lien	$21.1M	$21.0M 101c	SOFR+425 bp	May 24, 2032
FLS Holding, Inc. Commercial Services & Supplies	term loan first lien	$24.1M	$20.7M 88c	SOFR+575 bp PIK 0.50%	Dec 15, 2028
Software Coupa Holdings, LLC	term loan first lien	$20.6M	$20.6M 102c	SOFR+525 bp	Feb 27, 2030
Iris Buyer, LLC Commercial Services & Supplies	term loan first lien	$20.2M	$20.0M 101c	SOFR+500 bp	Oct 2, 2030
Machinery Chase Intermediate, LLC	term loan first lien	$20.2M	$19.8M 99c	SOFR+475 bp	Oct 30, 2028
Model N, Inc. Life Sciences Tools & Services	term loan first lien	$19.5M	$19.3M 100c	SOFR+475 bp	Jun 27, 2031

Page 1 of 12Next

Registration

Fiscal year end: 1231reported
Incorporated: DEreported
On the SEC BDC report: 2022 to 2026reported
Filings listed: 18reported10-Q and 10-K since 2022
Former names: Morgan Stanley Private Income Fund LLCreported
Latest schedule: 0001193125-26-342549reported