North Haven Private Income Fund LLC (the “Company”) 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 Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for US federal income tax purposes, the Company has elected to be treated, and intends to comply with the requirements to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is not a subsidiary of, or consolidated with, Morgan Stanley.
Company profile
Ticker
PIF
Employees
Incorporated
Location
Fiscal year end
Industry
Industry (SIC)
Former names
Morgan Stanley Private Income Fund LLC
SEC CIK
Subsidiaries
PIF CA SPV LLC • NHPIF Equity Holdings SPV LLC • PIF Financing SPV LLC • PIF Financing II SPV LLC • Broadway Funding Holdings, LLC ...
Latest filings (excl ownership)
8-K
Unregistered Sales of Equity Securities
26 Sep 24
8-K
Other Events
26 Sep 24
8-K
Unregistered Sales of Equity Securities
28 Aug 24
10-Q
2024 Q2
Quarterly report
12 Aug 24
SC TO-I
Issuer tender offer statement
8 Aug 24
SC TO-I/A
Issuer tender offer statement (amended)
6 Aug 24
8-K
Entry into a Material Definitive Agreement
6 Aug 24
8-K
Unregistered Sales of Equity Securities
30 Jul 24
8-K
Entry into a Material Definitive Agreement
17 Jul 24
8-K
Entry into a Material Definitive Agreement
15 Jul 24
Latest ownership filings
4
SL Investment Corp.
15 Jul 24
SC 13D/A
SL Investment Corp.
15 Jul 24
3
SL Investment Corp.
31 May 24
SC 13D
SL Investment Corp.
31 May 24
3
David Pessah
20 Dec 23
4
Michael Jr. Occi
31 May 23
3
Gauranga Pal
9 May 23
3
Michael Jr. Occi
23 Jan 23
3
Thomas P Torrisi
3 Oct 22
4
Kevin Shannon
28 Jun 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 165.86 mm | 165.86 mm | 165.86 mm | 165.86 mm | 165.86 mm | 165.86 mm |
Cash burn (monthly) | 10.96 mm | (no burn) | (no burn) | (no burn) | 136.53 mm | 119.75 mm |
Cash used (since last report) | 32.57 mm | n/a | n/a | n/a | 405.85 mm | 355.98 mm |
Cash remaining | 133.29 mm | n/a | n/a | n/a | -239.99 mm | -190.12 mm |
Runway (months of cash) | 12.2 | n/a | n/a | n/a | -1.8 | -1.6 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Jul 24 | North Haven Private Income Fund | Common Stock, par value $0.001 per share | Sale back to company | Dispose D | No | No | 0 | 6,092,331.406 | 0.00 | 0 |
30 May 23 | Michael Jr. Occi | Common Units | Grant | Acquire A | No | No | 18.82 | 5,313.496 | 100.00 k | 5,313.496 |