UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 3.02 | Unregistered Sales of Equity Securities. |
As of March 1, 2024, Stepstone Private Credit Fund LLC (the “Company”) sold 1,653,937.71 unregistered shares (the “Sold Shares”) of the Company’s limited liability company interests (the “Shares”) (with the final number of Sold Shares issued being determined on March 28, 2024) pursuant to subscription agreements entered into with the participating investors for aggregate consideration of $43.4 million.
The offer and sale of the Sold Shares were conducted in connection with the Company’s continuous private offering of Shares in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), provided by Section 4(a)(2) of the Securities Act. Regulation D promulgated thereunder and/or Regulation S under the Securities Act (the “Private Offering”).
| Item 8.01 | Other Events. |
Net Asset Value
The Company’s net asset value per Share as of February 29, 2024, as determined in accordance with the Company’s valuation policy, was $26.21.
As of February 29, 2024, the Company’s aggregate net asset value was approximately $391.3 million, the fair value of its investment portfolio was approximately $709.5 million, and it had $362.7 million in debt outstanding (at principal).
Status of Offering
The Company is currently conducting the Private Offering on a continuous basis for up to $10 billion in Shares. As of the date hereof, the Company has issued an aggregate of 16,072,999.10 Shares in the Private Offering for total consideration of approximately $415.0 million. These figures do not include any Shares issued in connection with the Company’s distribution reinvestment plan (if any). The Company intends to continue selling Shares in the Private Offering on a monthly basis.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 28, 2024
| StepStone Private Credit Fund LLC | ||
| By: | /s/ Joseph Cambareri | |
| Name: | Joseph Cambareri | |
| Title: | Chief Financial Officer and Corporate Secretary | |