Stellus Private Credit BDC

CIK 0001901037Stellus

Stellus Private Credit BDC is a non-traded business development company advised by Stellus. With $405 million in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 100% in first-lien senior secured loans and 94% floating-rate, at a weighted-average spread of 559 bps over the base rate.

NAV/Share

$15.21

AUM

$404.7M

Positions

326

Strategy

Private Credit

Wtd. Avg. Coupon

9.4%

Wtd. Avg. Spread

6 bps

Wtd. Avg. Maturity

3.2 yrs

94% coverage

Top 10 Concentration

12.7%

Instrument type

Share of portfolio fair value

First Lien

94%

of fair value

First Lien Senior Loans93.8%

Equity6.3%

Industry exposure

Share of holdings fair value

Top 5

98%

of holdings

Industrials7.6%

Information Technology3.4%

Health Care3.3%

Consumer Discretionary1.9%

Financials1.5%

Unknown82.1%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.

Risk & Credit Indicators

PIK in Terms

3.2%