Stepstone Private Credit Fund LLC Reports $29.5M Unregistered Share Sale, NAV $26.02

What Happened

• Stepstone Private Credit Fund LLC filed an 8-K on August 19, 2026 reporting that, as of August 1, 2026, it sold 1,134,111 unregistered shares for aggregate consideration of $29.5 million (final number of shares issued was determined on August 19, 2026). The sales were made under the Company’s continuous private offering relying on exemptions from registration under the Securities Act (Section 4(a)(2), Regulation D and/or Regulation S).
• The Company reported its net asset value (NAV) per share as of July 31, 2026 was $26.02, with an aggregate NAV of about $3,021.8 million and a portfolio fair value of about $4,007.7 million. Outstanding debt (principal) was $1,490.9 million as of July 31, 2026.

Key Details

• Sold shares: 1,134,111 unregistered shares issued pursuant to subscription agreements (final count confirmed Aug 19, 2026).
• Proceeds from sale: $29.5 million aggregate consideration.
• NAV and portfolio (as of July 31, 2026): NAV per share $26.02; aggregate NAV ≈ $3,021.8M; portfolio fair value ≈ $4,007.7M; debt outstanding (principal) ≈ $1,490.9M.
• Offering status: Private Offering ongoing on a continuous basis for up to $10 billion; to date the Company has issued 112,277,287 Shares for approximately $2,930.1M (excludes reinvested distributions and repurchased shares); Company intends to continue monthly share sales.

Why It Matters

• The filing shows ongoing capital raising activity through the Company’s private offering, which increases assets under management and provides capital for lending/investments.
• NAV per share and portfolio/funding metrics give investors a snapshot of the fund’s size, leverage (debt), and valuation as of July 31, 2026—useful for evaluating fund scale and recent financing activity.
• The shares were sold in an unregistered private offering (not a public offering), which is typical for this type of fund and affects liquidity and transferability of those shares.