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Vehicle file · Non-traded BDC

Golub Capital Direct Lending Unlevered Corp

What its SEC filings show.

SEC CIK 1901606·Inc. MD·Fiscal year end 09/30·Data as filed · pulled Oct 17, 2026
What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Golub Capital Direct Lending Unlevered Corp is a non-traded BDC registered with the SEC under CIK 1901606 (incorporated in MD). Its most recent filing is a 40-17G/A dated Sep 25, 2026. As of Jun 30, 2026 it reported total assets of $408.6M (up 7.2% from $381.2M a year earlier) and stockholders' equity of $401.6M. Net income (loss) for the nine months to Jun 30, 2026 was $16.3M. It raised $0 from new shares in the nine months to Jun 30, 2026; paid $16.8M in distributions in the nine months to Jun 30, 2026. Reported NAV per share: $15.00 as of Jun 30, 2026.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 82 other vehicles of this type we track.

  • Liabilities were 2% of total assets at Jun 30, 2026. It ranks 5th of the 75 vehicles of this type that report the same figures (1st = least leveraged).
  • The management fee ran at about 1.00% a year of stockholders' equity ($3.0M in the nine months to Jun 30, 2026, annualised; our arithmetic). It ranks 9th of the 61 vehicles of this type that report the same figures (1st = lowest fee).
  • NAV per share moved up 0.0% in a year, from $15.00 to $15.00 (before distributions). It ranks 11th of the 61 vehicles of this type that report the same figures (1st = best NAV change).

Key figures, as filed.

Balance sheet
FigureLatestPeriodA year earlierChangeSource
Total assets$408.6Mas of Jun 30, 2026$381.2M+7.2%10-Q · Aug 7, 2026
Investments at fair value$398.0Mas of Jun 30, 2026$362.1M+9.9%10-Q · Aug 7, 2026
Total liabilities$7.0Mas of Jun 30, 2026$7.7M−9.3%10-Q · Aug 7, 2026
Long-term debt$0as of Jun 30, 2026$0—10-Q · Aug 7, 2026
Debt (carrying amount)$0as of Jun 30, 2026——10-Q · Aug 7, 2026
Stockholders' equity$401.6Mas of Jun 30, 2026$373.5M+7.5%10-Q · Aug 7, 2026
NAV per share$15.00as of Jun 30, 2026$15.00+0.0%10-Q · Aug 7, 2026
Shares outstanding26.8M sharesas of Jun 30, 202624.9M shares+7.5%10-Q · Aug 7, 2026
Shares outstanding (cover page)26.8M sharesas of Aug 7, 202625.8M shares+3.6%10-Q · Aug 7, 2026
Results and cash flow
FigureLatestPeriodA year earlierChangeSource
Net income (loss)$16.3Mnine months to Jun 30, 2026$21.8M−25.1%10-Q · Aug 7, 2026
Cash from operations$8.6Mnine months to Jun 30, 2026−$41.5M+120.6%10-Q · Aug 7, 2026
Management fees$3.0Mnine months to Jun 30, 2026$2.5M+18.6%10-Q · Aug 7, 2026
Capital raised, distributions and repurchases
FigureLatestPeriodA year earlierChangeSource
Capital raised (common stock issued)$0nine months to Jun 30, 2026$67.3M−100.0%10-Q · Aug 7, 2026
Distributions paid to common$16.8Mnine months to Jun 30, 2026$22.3M−25.0%10-Q · Aug 7, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

  • Sep 25, 202640-17G/A · FilingEDGAR ↗
  • Sep 10, 202640-17G · FilingEDGAR ↗
  • Aug 7, 202610-Q · Quarterly reportEDGAR ↗
  • Aug 7, 20268-K · Current reportItems 2.02,9.01EDGAR ↗
  • May 8, 20268-K · Current reportItems 2.02,9.01EDGAR ↗
  • May 8, 202610-Q · Quarterly reportEDGAR ↗
  • Feb 13, 202610-Q · Quarterly reportEDGAR ↗
  • Feb 13, 20268-K · Current reportItems 2.02,9.01EDGAR ↗
  • Feb 6, 20263 · Insider holdingsEDGAR ↗
  • Feb 6, 20268-K · Current reportItems 5.02EDGAR ↗
  • Feb 5, 20268-K · Current reportItems 5.07EDGAR ↗
  • Jan 2, 2026D/A · FilingItems 06bEDGAR ↗
  • Dec 12, 2025DEFA14A · Proxy materialEDGAR ↗
  • Dec 12, 2025DEF 14A · Proxy statementEDGAR ↗
  • Nov 26, 20258-K · Current reportItems 2.02,9.01EDGAR ↗
  • Nov 26, 202510-K · Annual reportEDGAR ↗
  • Oct 15, 2025D/A · FilingItems 06bEDGAR ↗
  • Sep 12, 20258-K · Current reportItems 3.02EDGAR ↗
  • Sep 11, 20254 · Insider transactionEDGAR ↗
  • Sep 11, 20254 · Insider transactionEDGAR ↗
  • Aug 29, 20258-K · Current reportItems 7.01EDGAR ↗
  • Aug 29, 202540-17G · FilingEDGAR ↗
  • Aug 8, 20258-K · Current reportItems 2.02,9.01EDGAR ↗
  • Aug 8, 202510-Q · Quarterly reportEDGAR ↗
  • Jul 16, 20254 · Insider transactionEDGAR ↗

Our reads on Golub Capital Direct Lending Unlevered Corp.

No forensic read of this vehicle yet. When a filing changes something for holders — a tender offer, a repurchase cap, a NAV reset, a distribution cut — the read goes here.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1901606, retrieved Oct 17, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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