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StepStone Private Credit Fund is a non-exchange traded, perpetual-life business development company (BDC) formed in 2022 to generate current income and, to a lesser extent, long-term capital appreciation by investing primarily in private credit. The fund targets direct loans to U.S. private middle-market companies, including first lien, unitranche, second lien, mezzanine, and structured credit, as well as participations, notes, and pass-through obligations. It also invests in private credit-focused funds and vehicles under a fund-of-funds approach, with limited allocations to asset-backed securities, CLO-related strategies, real estate and infrastructure debt, and other specialty finance opportunities. The fund may also invest in non-U.S. companies, but does not expect to invest in emerging markets.
News and Notices
StepStone Group
2022
'40 Act
Non-Traded BDC
USD
Daily
1.00%
December 31
News and Notices
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Ownership
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1-10 of 104
Notices
Date
Time (ET)
Notice Type
Source
Notice
Jun 18, 2026
12:35
Performance, Subscriptions
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StepStone Private Credit Fund sold 5,035,671 unregistered limited liability company interests for $132 million and reported August 31, 2026 net asset value per share of $26.21. The fund intends to continue monthly sales in its continuous private offering.
Apr 17, 2026
10:58
Debt Issuances
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StepStone Private Credit Fund added a $250 million revolving credit facility for a subsidiary, generally priced at term SOFR plus 1.90% and maturing September 14, 2031. Borrowings count toward 1940 Act asset coverage.
Dec 19, 2025
14:27
Performance, Subscriptions
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StepStone Private Credit Fund sold 1,134,111 unregistered shares for $29.5 million and reported net asset value per share of $26.02. The fund intends to continue monthly sales in its continuous private offering, authorized for up to $10 billion.
May 03, 2026
15:41
Redemptions
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StepStone Private Credit Fund launched a tender offer to repurchase up to 5,364,541 shares, or 5% outstanding, at September 30, 2026 net asset value. Tendering shareholders must submit by August 28 and may receive cash within 65 days after expiration.
Jul 27, 2025
12:40
Redemptions
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StepStone Private Credit Fund reported final tender offer results: the offer to purchase up to 4,028,912 shares expired on May 29, 2026, with no shares tendered and none accepted for purchase.
Jul 21, 2025
10:30
Distributions, Performance, Subscriptions
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StepStone Private Credit Fund sold 8.2 million unregistered shares for $211.6 million and reported preliminary June 30 net asset value of $25.83 per share. June 29 shareholders will receive a $0.54 per-share distribution on July 31.
Jul 15, 2024
11:10
Compliance
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StepStone Private Credit Fund responded to regulator comments by committing to add footnotes clarifying weighted-average rates for fixed income instruments with multiple tranches and to use appropriate taxonomy tags going forward. Investors will receive weighted-average rather than tranche-by-tranche rate disclosure.
Jun 23, 2025
10:20
Subscriptions
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StepStone Private Credit Fund sold 10,650,045 unregistered shares for $279.6 million in its continuous private offering. The fund intends to continue monthly sales under an offering capped at $10 billion.
Mar 27, 2025
16:01
Performance, Subscriptions
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StepStone Private Credit Fund reported that it sold 5.7 million unregistered Shares for $148.1 million and had issued 92.3 million Shares for about $2.4 billion in its continuous private offering. As of April 30, 2026, its net asset value per Share was $26.08 and aggregate net asset value was approximately $2.37 billion.
Nov 26, 2023
15:10
Personnel, Subscriptions
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Stepstone Private Credit Fund updated its amended filing to show total amount sold increased from $66.7 million to $54.8 million and total investors already invested increased from 14 to 28. The filing also identifies Darren Friedman as Chief Executive Officer and Joseph Cambareri as Chief Financial Officer.
Preview
Stepstone Private Credit Fund
StepStone Group is responsible for managing Stepstone Private Credit Fund.
Stepstone Private Credit Fund launched in 2022.
Stepstone Private Credit Fund is registered as a '40 Act fund.
Stepstone Private Credit Fund is structured as a Non-Traded BDC fund.
You can invest in Stepstone Private Credit Fund daily, subject to eligibility and fund subscription deadlines.
Shares of Stepstone Private Credit Fund can be purchased in USD.
Stepstone Private Credit Fund's fiscal year end is December 31.
Stepstone Private Credit Fund's net asset value was $2,088.9 million and its portfolio had a fair value of $2,064.5 million as of March 31, 2026.
Among other deal types, Stepstone Private Credit Fund primarily makes Debt Investments.
Among other asset classes, Stepstone Private Credit Fund primarily invests in Direct Lending.
Among other regions, Stepstone Private Credit Fund primarily invests in North America and the USA.
Stepstone Private Credit Fund charges a 1.00% annual management fee, which is calculated based on NAV.
You can invest in SCRED shares with a minimum initial investment of $25,000.
You can invest in SCRED shares with a minimum subsequent investment of $500.
You will be subject to paying an early repurchase/redemption fee of 2%.
Stepstone Private Credit Fund's SCRED share class generated an annualized 1-month return of 10.98% and 2-year return of 10.95% as of September 30, 2025.
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