gcred-20241022
false000193008700019300872024-10-222024-10-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 22, 2024
GOLUB CAPITAL PRIVATE CREDIT FUND
(Exact name of Registrant as Specified in Its Charter)
Delaware814-0155592-2030260
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
__ 200 Park Avenue, 25th Floor, New York, NY 10166_ _
(Address of Principal Executive Offices)          (Zip Code)

Registrant’s telephone number, including area code: (212) 750-6060

____ ____
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
NoneN/AN/A
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b- 2 of the Securities Exchange Act of 1934.
    Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.






Item 7.01.
Regulation FD Disclosures.

October 2024 Distributions

As previously disclosed, on August 2, 2024, Golub Capital Private Credit Fund (the “Fund”) declared distributions for its Class I common shares of beneficial interest (the “Class I Shares”) and Class S common shares of beneficial interest (the “Class S Shares”) in the amount per share set forth below:

Gross
Distribution
Shareholder
Servicing and/or
Distribution Fee
Net Distribution
October 2024 Class I Shares Distribution
$0.2200 $0.0000 $0.2200 
October 2024 Class S Shares Distribution
$0.2200 $0.0178 $0.2022 

The October distributions for Class I Shares and Class S Shares are payable to shareholders of record as of the open of business on October 31, 2024 and will be paid on or around November 27, 2024.

These distributions will be paid in cash or reinvested in Class I Shares or Class S Shares of the Fund for shareholders participating in the Fund’s distribution reinvestment plan.

Item 8.01.
Other Events.

Portfolio and Business Commentary

As of September 30, 2024, the Fund had investments in 249 portfolio companies with total fair value of approximately $3,265 million. As of September 30, 2024, approximately 100% of the Fund’s portfolio investments, based on fair value, were in first lien senior secured loans. In addition, the Fund held second lien loans, subordinated debt loans and equity and other securities that combined to represent an amount less than 1% of the Fund's portfolio investments based on fair value as of September 30, 2024. As of September 30, 2024, approximately 100% of the debt investments in the Fund’s portfolio based on fair value were floating rates and four debt investments representing an amount less than 1% had a fixed interest rate. As of September 30, 2024, the ten largest industries in which the Fund was invested, represented as a percentage of fair value, were as follows:
Industry
As of
September 30, 2024
Software21%
Insurance7%
Healthcare Providers & Services7%
Specialty Retail6%
Diversified Consumer Services5%
Hotels, Restaurants & Leisure5%
Healthcare Technology5%
IT Services5%
Automobiles4%
Healthcare Equipment & Supplies4%

As of September 30, 2024, the Fund’s aggregate net asset value was approximately $1,732 million, the fair value of its portfolio investments was approximately $3,265 million, and it had approximately $1,588 million of debt outstanding. The Fund’s debt-to-equity leverage ratio as of September 30, 2024 was 0.92x.







Net Asset Value

The net asset value (“NAV”) per share of each class of shares of the Fund as of September 30, 2024, as determined in accordance with the Fund’s valuation policy and procedures, is set forth below:

NAV Per Share
as of
September 30, 2024
Class I Shares$25.10 
Class S Shares$25.10 

As of September 30, 2024, no Class D common shares of beneficial interest of the Fund were outstanding.

Status of Public Offering

The Fund is currently publicly offering on a continuous basis up to $5.0 billion of common shares of beneficial interest (the “Public Offering”). The following table lists the shares and total consideration for the Public Offering as of the date of this filing (through the October 1, 2024 subscription date). The Fund intends to continue selling shares in the Public Offering on a monthly basis.
Common Shares IssuedTotal Consideration
Class S Shares2,962,149$74,467,128
Class I Shares42,766,382$1,073,723,740






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Golub Capital Private Credit Fund has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

GOLUB CAPITAL PRIVATE CREDIT FUND
Date: October 22, 2024
By:      /s/ Christopher C. Ericson
Name:     Christopher C. Ericson
Title:     Chief Financial Officer and Treasurer