Stellus Credit Fund IV Secures $1.5 Billion and Invests in 44 Companies
RPC•Stellus Credit Fund IV reached final close with approximately $1.5 billion of investable capital and has already deployed funds into 44 portfolio companies since its April 1 close. The firm will join Ridgepost Capital in mid-2026 under a definitive agreement, while existing partners retain control of day-to-day operations.
1. Final Close of SCF IV
Stellus Credit Fund IV achieved its fundraising target with approximately $1.5 billion of investable capital at final close on April 1, 2026, and has already deployed capital into 44 lower middle market companies. This successor to Stellus Credit Fund III continues the firm’s focus on senior secured, sponsor-backed loans.
2. Investment Strategy
SCF IV pursues private credit opportunities originated and underwritten by Stellus across a diverse range of industries in the United States and Canada. The fund leverages the firm’s 22-year track record and disciplined, relationship-driven approach to lower middle market lending.
3. Investor Base
Commitments came from new and existing institutional and high-net-worth investors globally, including public and private pension plans, insurance companies, foundations, family offices, global investment banks and consultants. The fund also includes $225 million of discretionary capital from an existing investor.
4. Acquisition by Ridgepost Capital
Stellus has entered into a definitive agreement to be acquired by Ridgepost Capital, with the transaction expected to close in mid-2026. Under the deal, Stellus’s current partners will continue to manage day-to-day operations and maintain control of investment decisions.
