StepStone Private Credit Fund reports preliminary Dec 2025 NAV of $26.03, Q4 NII of $0.65

Stepstone Private Credit Fund LLC

Preliminary NAV per share as of Dec 31, 2025: $26.03; aggregate NAV ~$1.86B.
Portfolio fair value ~$3.01B; debt outstanding $1.28B at principal.
Net investment income per share for Q4 2025: $0.65 on weighted average shares.
Sold 4.5M unregistered shares in Jan 2026 for $117M under continuous offering.
Total shares issued to date in private offering: ~73M for $1.91B; up to $10B total.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Stepstone Private Credit Fund LLC issued 4,495,241 unregistered shares of common stock to participating investors for $117.0 million.

Security: common stock
Shares: 4,495,241 unregistered shares
Purchaser: participating investors
Consideration: $117.0 million

Exact text from the filing

As of January 2, 2026, Stepstone Private Credit Fund LLC (the “Company”) sold 4,495,241 unregistered shares (the “Sold Shares”) of the Company’s limited liability company interests (the “Shares”) (with the final number of Sold Shares issued being determined on January 30, 2026) pursuant to subscription agreements entered into with the participating investors for aggregate consideration of $117.0 million.

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Source: SEC EDGAR

accession 0001193125-26-030988

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