Golub Capital Private Income Fund I Amends 12G Registration

TL;DR

**Golub Capital Private Income Fund I just updated its public registration, signaling more transparency ahead.**

AI Summary

Golub Capital Private Income Fund I filed a 10-12G/A on March 24, 2026, which is an amendment to its initial registration statement for securities under Section 12(g) of the Exchange Act. This filing indicates the fund is updating its registration information, likely in preparation for or in response to becoming a publicly reporting company. For investors, this matters because it signals increased transparency and regulatory oversight for Golub Capital Private Income Fund I, potentially making it easier to access financial information and trade its securities in the future.

Why It Matters

This amendment signals Golub Capital Private Income Fund I is moving closer to or maintaining its status as a publicly reporting company, which means more financial transparency for investors. It could eventually lead to greater liquidity for its securities.

Risk Assessment

Risk Level: low — This filing is an amendment to a registration statement, which is a standard regulatory update and does not inherently introduce new risks.

Analyst Insight

Investors should monitor future filings from Golub Capital Private Income Fund I for more detailed financial and operational information, as this amendment suggests ongoing compliance with public reporting standards.

Key Numbers

• 10-12G/A — Form Type (Amendment to Registration of securities)
• 0001104659-26-033964 — SEC Accession No. (Unique identifier for this specific filing)
• 2026-03-24 — Filing Date (When the document was submitted to the SEC)

Key Players & Entities

• Golub Capital Private Income Fund I (company) — the filer of the 10-12G/A
• 0002082559 (company) — CIK of Golub Capital Private Income Fund I
• March 24, 2026 (date) — filing date of the 10-12G/A
• Section 12(g) (other) — the section of the Exchange Act under which securities are being registered

Forward-Looking Statements

• Golub Capital Private Income Fund I will continue to file regular reports with the SEC. (Golub Capital Private Income Fund I) — high confidence, target: Ongoing

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share (Title of class) Indicate b
• $90 billion — U.S. middle-market companies with over $90 billion in capital under management as of Janua

Filing Documents

• tm263486d1_1012ga.htm (10-12G/A) — 1616KB
• tm263486d1_ex21-1.htm (EX-21.1) — 2KB
• tm2533857d1_1012gsp01img001.jpg (GRAPHIC) — 105KB
• tm2533857d1_1012gsp01img002.jpg (GRAPHIC) — 35KB
• 0001104659-26-033964.txt ( ) — 1811KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 2 RISK FACTOR SUMMARY 4

Business

Item 1. Business 7

Risk

Item 1A. Risk Factors 59

Financial

Item 2. Financial Information 108

Properties

Item 3. Properties 117

Security

Item 4. Security 117

Trustees

Item 5. Trustees and Executive Officers 118

Executive

Item 6. Executive Compensation 125

Certain

Item 7. Certain Relationships and Related Transactions, and Trustee Independence 125

Legal

Item 8. Legal Proceedings 128

Market

Item 9. Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters 128

Recent

Item 10. Recent Sales of Unregistered Securities 131

Description

Item 11. Description of Registrant’s Securities to be Registered 131

Indemnification

Item 12. Indemnification of Trustees and Officers 137

Financial

Item 13. Financial 137

Changes

Item 14. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 137

Financial

Item 15. Financial 137 i EXPLANATORY NOTE Golub Capital Private Income Fund I is filing this amendment no. 2 to its registration statement on Form 10 (the “Registration Statement”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on a voluntary basis in connection with its election to be regulated as a business development company (a “BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”), and in order to provide current public information to the investment community. We are subject to the requirements of Section 13(a) of the Exchange Act, including the rules and regulations promulgated thereunder, which require us, among other things, to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and we are required to comply with all other obligations of the Exchange Act applicable to issuers filing registration statements pursuant to Section 12(g) of the Exchange Act. · In this Registration Statement, unless otherwise specified, the terms: o “we,” “us,” “our,” the “Fund” and “GPIF I” refer to Golub Capital Private Income Fund I, a Delaware statutory trust; o “GC Advisors” or the “Investment Adviser” refers to GC Advisors LLC, our investment adviser; o “Administrator” refers to Golub Capital LLC, an affiliate of GC Advisors and our administrator; o “Golub Capital” refers, collectively, to the activities and operations of Golub Capital LLC (formerly Golub Capital Management LLC), which entity employs all of Golub Capital’s investment professionals, GC Advisors and associated investment funds and their respective affiliates; and o “shareholder” refers to holders of our common shares of beneficial interest, par value $0.01 per share (each a “Class I Share&

Business

Item 1. Business. Golub Capital Private Income Fund I The Fund was formed on July 22, 2025 as a Delaware statutory trust. We are an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a BDC under the 1940 Act. We also intend to elect to be treated as soon as reasonably practical, and intend to qualify annually thereafter, as a RIC under the Code. As a BDC and a RIC, we are required to comply with certain regulatory requirements. We intend to invest primarily in privately originated and privately negotiated investments, predominantly through direct lending to U.S. private companies in the middle-market in the form of one stop loans (a loan that combines characteristics of traditional first lien senior secured loans and second lien or subordinated loans and that are often referred to by other middle-market lenders as unitranche loans) and other senior secured loans. GC Advisors structures these one stop loans as senior secured loans, and we obtain security interests in the assets of the portfolio company that serve as collateral in support of the repayment of these loans. This collateral often takes the form of first-priority liens on the assets of the portfolio company. In many cases, we are the sole lender, or we, together with our affiliates, are the sole lenders of one stop loans, which can afford us additional influence over the borrower in terms of monitoring and, if necessary, remediating any underperformance. Our investment objective is to generate current income and capital appreciation. We seek to meet our investment objective by: · accessing the established loan origination channels developed by Golub Capital, a leading lender to U.S. middle-market companies with over $90 billion in capital under management as of January 1, 2026; · selecting liquid and illiquid credit investments of U.S. companies, and, to a lesser extent, non-U.S. companies, in the middle-market; &mid

View Full Filing

View this 10-12G/A filing on SEC EDGAR