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 100% in first-lien senior secured loans and 100% floating-rate, 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%

Instrument type

Share of portfolio fair value

First Lien

97%

of fair value

First Lien Senior Loans96.9%

Structured Credit1.3%

Fund Vehicles1.7%

Industry exposure

Share of holdings fair value

Top 5

100%

of holdings

Industrials2.1%

Health Care0.9%

Other0.3%

Energy0.1%

Information Technology0.1%

Financials0.1%

Consumer Staples0.1%

Unknown96.3%

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

2.1%