Golub Capital Private Income Fund I Reports $35,000 Net Income in First Quarter

Golub Capital Private Income Fund I reported net income of $35,000 for the three months ending December 31, 2025, its first quarter of operations since formation in July 2025. Read more earnings reports.

The Delaware-based closed-end investment fund held total assets of $374.2 million as of December 31, 2025, supported by stockholders' equity of $171.1 million. The fund carried long-term debt of $170.5 million.

Cash and restricted cash surged to $115.7 million at quarter-end from just $10,000 as of September 30, 2025. Cash used in operations totaled $101.5 million during the quarter, while financing activities generated $217.2 million.

Capital Structure and Shares

The fund had 6.84 million common shares outstanding as of December 31, 2025, compared to 400 shares outstanding at the end of September. Additional paid-in capital stood at $171.0 million with common stock value of $68,000.

Basic and diluted earnings per share came in at $0.16 for the quarter, based on weighted average shares outstanding of 215,799.

Financial Position

Total liabilities reached $203.2 million as of December 31, 2025. The fund is structured as an externally managed, non-diversified closed-end management investment company.