Stepstone Private Credit Fund LLC

CIK 0001950803

Stepstone Private Credit Fund LLC is a non-traded business development company. With $3.2 billion in total assets, it is a mid-sized fund in the coverage universe. The portfolio is concentrated in direct lending, with 97% in first-lien senior secured loans and 97% in floating-rate debt by fair value, at a weighted-average spread of 525 bps over the base rate.

NAV/Share

$26.03

AUM

$3.2B

Positions

1,280

Strategy

Private Credit

Wtd. Avg. Coupon

8.9%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

4.1 yrs

98% coverage

Top 10 Concentration

5.7%

PIK in Terms

2.1%

Instrument type

Share of portfolio fair value

First Lien

97%

of fair value

First Lien96.9%

Structured1.3%

Fund Vehicles1.7%

Industry exposure

Share of holdings fair value

Top 5

98%

of holdings

Health Care6.2%

Industrials3.5%

Financials1.5%

Information Technology1.1%

Other0.6%

Consumer Discretionary0.6%

Consumer Staples0.2%

Energy0.1%

Materials0.1%

Real Estate0.0%

Unknown86.1%

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.