The company’s portfolio activity saw significant movement, with $37 million in new investments balanced against $26 million in repayments. This growth reflects the firm’s strategy of focusing on lower middle-market companies, typically those with EBITDA between $5 million and $50 million, through first lien loans.
Stellus Private Credit BDC Reports Growth in Second Quarter
Stellus Private Credit BDC generated $0.28 per share in net investment income for the second quarter ending June 30, 2026, as the company expanded its portfolio to $420 million at fair value. Chief Executive Officer Robert T. Ladd confirmed the firm successfully increased its net asset value during the period.
Financial statements show gross operating expenses reached $6.7 million, though the investment advisor, Stellus Private BDC Advisor, LLC, provided support through fee waivers. Following the quarter's close, the board declared a monthly dividend of $0.31 per share for the third quarter. The company remains active in capital markets, having recently issued common shares and managed borrowings under its credit facilities with Zions Bancorporation and the SPV Facility.
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