Stepstone Private Credit Fund LLC 8-K

What Happened

• Stepstone Private Credit Fund LLC filed an 8-K reporting that, as of May 1, 2026 (with the final count determined May 27, 2026), it sold 5,680,855 unregistered shares for aggregate consideration of $148.1 million under its continuous private offering. The sales were made in reliance on exemptions under the Securities Act (Section 4(a)(2), Regulation D and/or Regulation S).
• The filing also reported the Company’s net asset value (NAV) per share of $26.08 as of April 30, 2026, with aggregate NAV of approximately $2,371.9 million, an investment portfolio fair value of about $3,486.9 million, and $1,291.2 million of debt outstanding (principal) as of that date.

Key Details

• Sold shares: 5,680,855 unregistered limited liability company interests (final number fixed May 27, 2026).
• Proceeds from this issuance: $148.1 million.
• NAV (Apr 30, 2026): $26.08 per share; aggregate NAV ≈ $2,371.9 million.
• Portfolio fair value and debt: portfolio ≈ $3,486.9 million; debt outstanding (principal) ≈ $1,291.2 million.
• Offering status: continuous private offering up to $10 billion; to date the Company has issued 92,302,619 Shares for total consideration ≈ $2,409.4 million (does not include shares from the DRIP or repurchases). The Company intends to continue monthly share sales.

Why It Matters

• The filing shows the company is actively raising capital through its ongoing private offering and has recently issued additional shares raising $148.1M.
• The disclosed NAV, portfolio value and debt levels give investors current metrics to assess fund size and leverage as of April 30, 2026.
• Investors should note the ongoing issuance program (up to $10B) and that reported share counts exclude distribution reinvestments and share repurchases, which can affect outstanding share totals and per-share metrics.