---
schema_version: "secwatch.filing_event.v1"
accession: "0002082559-26-000057"
form_type: "8-K"
ticker: null
cik: "0002082559"
company_name: "Golub Capital Private Income Fund I"
filed_at: "2026-06-10T21:12:55+00:00"
generated_at: "2026-06-10T21:14:49.901666+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GPIF-I posts -1.45% Q1 return; NAV falls to $24.14 from $25.00 on spread widening

## Summary
- Total net return of -1.45% for Q1 2026; annualized regular distribution rate of 8.0%.
- NAV per share declined to $24.14 from $25.00 as of Dec 31, 2025; portfolio remains 99% first lien senior secured.
- Market-driven spread widening drove NAV decline; no non-accrual investments; 100% in strongest internal performance ratings.
- Software loans saw larger price declines (7 points) vs non-software BSL (1 point); but no software non-accruals and credit metrics stable.

## SEC filing metadata
- accession: 0002082559-26-000057
- form_type: 8-K
- cik: 0002082559
- company_name: Golub Capital Private Income Fund I
- filed_at: 2026-06-10T21:12:55+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2082559/000208255926000057/0002082559-26-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2082559/000208255926000057/gpifi-20260610.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002082559-26-000057
- JSON: https://secwatch.observer/filing/0002082559-26-000057.json
- Plain text: https://secwatch.observer/filing/0002082559-26-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.