diff --git a/virt/kvm/guest_memfd.c b/virt/kvm/guest_memfd.c
index 3fa4969b38f9..25da7778af01 100644
--- a/virt/kvm/guest_memfd.c
+++ b/virt/kvm/guest_memfd.c
@@ -814,7 +814,8 @@ int kvm_gmem_get_pfn(struct kvm *kvm, struct kvm_memory_slot *slot,
 		folio_mark_uptodate(folio);
 	}
 
-	r = kvm_gmem_prepare_folio(kvm, slot, gfn, folio);
+	if (kvm_gmem_is_private_mem(file_inode(file), index))
+		r = kvm_gmem_prepare_folio(kvm, slot, gfn, folio);
 
 	folio_unlock(folio);