Stellus Capital Management Closes Stellus Credit Fund IV

Rhea-AI Summary

Ridgepost Capital (NYSE:RPC)-backed Stellus Capital Management announced the final close of Stellus Credit Fund IV, reaching its fundraising target with approximately $1.5 billion of investable capital. The fund closed on April 1, 2026 and has already invested in 44 portfolio companies.

SCF IV targets privately originated credit opportunities across diverse industries in the US and Canada and attracted commitments from a broad base of global institutional and high-net-worth investors. Stellus has a definitive agreement to be acquired by Ridgepost Capital, with closing expected in mid-2026.

Positive

• SCF IV reaches approximately $1.5 billion of investable capital
• Fund has already invested in 44 portfolio companies
• Broad commitments from global institutional and high-net-worth investors
• Definitive agreement for Stellus acquisition by Ridgepost Capital (NYSE:RPC)

Negative

• None.

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Firm Hits Fundraising Target with Approximately $1.5 Billion of Investable Capital¹

HOUSTON, May 19, 2026 /PRNewswire/ -- Stellus Capital Management, LLC ("Stellus" or the "Firm"), a leader in lower middle market direct lending, today announced the final close of Stellus Credit Fund IV ("SCF IV" or the "Fund"). The Firm met its fundraising target with approximately $1.5 billion of investable capital. SCF IV, the successor to Stellus Credit Fund III, closed on April 1, 2026, and has already invested in 44 portfolio companies.

Similar to its predecessor funds, SCF IV is focused on identifying and pursuing private credit opportunities, originated and underwritten by Stellus, across a diverse range of industries in the United States and Canada.

SCF IV received commitments from new and existing institutional and high-net-worth investors globally, including leading public and private pension plans, insurance companies, foundations, family offices, global investment banks, consultants, and other institutional investors.

Stellus recently announced it has entered into a definitive agreement to be acquired by Ridgepost Capital, Inc. (formerly P10, Inc.; NYSE: RPC), with the transaction expected to close in mid-2026. Stellus will continue to be managed by its current partners, who will retain control of day-to-day operations, including investment decisions and investment committee processes.

"The response to SCF IV from both new and returning investors speaks to the strength of what our team has built over 22 years in lower middle market direct lending. As we look ahead to joining the Ridgepost platform, we remain as focused as ever on the disciplined, relationship-driven approach that has defined Stellus since our founding – and we are excited to put this capital to work on behalf of our investors."

– Robert T. Ladd, Managing Partner, Stellus Capital Management

About Stellus Capital Management
Stellus is one of the longest tenured direct lenders specializing in senior secured, sponsor-backed loans in the lower middle market. Formed within the D.E. Shaw Group in 2004, Stellus spun out in 2012 and today manages ~$4 billion across various investment vehicles including closed-end institutional funds, a public BDC (NYSE: SCM), and a perpetual non-traded private BDC. Stellus is a single strategy firm, and its founding partners have been investing together in the lower middle market for 22+ years with a track record of over $10.5 billion deployed across more than 375 transactions and over 200 unique private equity sponsors since inception. Stellus is headquartered in Houston, TX with offices in the Washington, D.C. area and Charlotte, NC. Learn more at www.stelluscapital.com.

¹ Includes target leverage, capital commitments to SCF IV and investor-specific vehicles, and $225 million of discretionary capital from an existing investor.

View original content to download multimedia:https://www.prnewswire.com/news-releases/stellus-capital-management-closes-stellus-credit-fund-iv-302776368.html

SOURCE Stellus Capital Management, LLC

FAQ

What did Stellus Capital Management announce about Stellus Credit Fund IV related to Ridgepost Capital (NYSE:RPC)?

Stellus Capital Management announced the final close of Stellus Credit Fund IV with about $1.5 billion of investable capital. According to Stellus, the fund met its fundraising target and has already invested in 44 portfolio companies across the US and Canada.

How large is Stellus Credit Fund IV and what is its strategy for investors in Ridgepost Capital (NYSE:RPC)?

Stellus Credit Fund IV has approximately $1.5 billion of investable capital. According to Stellus, the fund focuses on privately originated and underwritten lower middle market direct lending across diverse industries in the United States and Canada, continuing the strategy of prior Stellus credit funds.

When did Stellus Credit Fund IV close and how many investments has it made so far?

Stellus Credit Fund IV closed on April 1, 2026 and has already invested in 44 portfolio companies. According to Stellus, these investments align with its lower middle market direct lending approach in the US and Canadian private credit markets.

Who invested in Stellus Credit Fund IV and what types of investors participated?

Stellus Credit Fund IV received commitments from new and existing institutional and high-net-worth investors globally. According to Stellus, participants include public and private pension plans, insurance companies, foundations, family offices, global investment banks, consultants and other institutional investors.

How does the acquisition of Stellus by Ridgepost Capital (NYSE:RPC) relate to Stellus Credit Fund IV?

Stellus has a definitive agreement to be acquired by Ridgepost Capital, formerly P10. According to Stellus, the transaction is expected to close in mid-2026, and Stellus partners will retain control of day-to-day operations, investment decisions and investment committee processes.

What does the closing of Stellus Credit Fund IV mean for Stellus investors and the Ridgepost platform (NYSE:RPC)?

The closing of Stellus Credit Fund IV secures about $1.5 billion to deploy in lower middle market direct lending. According to Stellus, this capital will be invested using its disciplined, relationship-driven private credit approach as it prepares to join the Ridgepost platform.