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North Haven Private Income Fund LLC Enters Into Merger Agreement With North Haven Private Income Fund A LLC

$MSPress releaseOct 26, 2026, 4:37 PM ETRead the release

North Haven Private Income Fund LLC (PIF) signed a merger agreement under which North Haven Private Income Fund A LLC (PIF A) will merge into PIF at a NAV-for-NAV exchange ratio, with closing expected in December 2026 pending HSR clearance. Both BDCs are externally managed by MS Capital Partners Adviser Inc., an indirect wholly owned Morgan Stanley subsidiary. Post-merger, the combined entity is expected to hold $6.6 billion of total investments across roughly 312 portfolio companies.

Key figures

Commitment overlap
99%
Base management fee new
1.00%
Base management fee old
1.25%
Pro forma total investments
$6.6 billion
Pro forma portfolio companies
312

AI analysis

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