North Haven Private Income Fund completes acquisition of SL Investment Corp.

NEW YORK–(BUSINESS WIRE)–North Haven Private Income Fund LLCa business development company managed externally by MS Capital Partners Advisor Inc., announced today that it has completed the previously announced acquisition SL Investment Corp. Under the Transaction, PIF acquired investment commitments with an aggregate notional value of approximately $1.2 billion and assumed debt of approximately $558.1 million under SLIC’s existing credit facility.

Following the closing of the Transaction, PIF made a distribution of approximately $561.7 million to former holders of SLIC common stock. The investment was funded from funds drawn under PIF’s credit facilities and available cash.

Jeffrey Levin, PIF President and CEO, said, “We are very pleased with the performance of both funds and excited to deliver value to investors in both entities through this transaction. We are pleased to complete this transaction, which provides PIF with even greater scale and immediate liquidity to SLIC shareholders.”

About North Haven Private Income Fund, LLC

North Haven Private Income Fund, LLC is a non-diversified, externally managed specialty finance company that focuses on lending to middle market companies. PIF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. PIF is externally managed by Adviser, an indirect, wholly owned subsidiary of Morgan Stanley. PIF is not a subsidiary of, nor is it consolidated with, Morgan Stanley. For more information about North Haven Private Income Fund LLC, visit http://www.northhavenprivateincomefund.com.