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Borrower record · Q2 2026

NCNA Debt Inv

As filed by Stepstone Private Credit Fund LLC · period end 30 June 2026No sector — one filer, nothing to corroborate1 name variant under review

Stepstone Private Credit Fund LLC is the only BDC lending to NCNA Debt Inv: $3.70bn across 1,186 positions at Q2 2026, marked at par. The filer has stopped accruing interest on five positions, $5.7m of fair value.

Filed fair value
$3.70bn
1,186 funded positions
Aggregate mark
99.5c
covers 84% of positions with a filed cost
Median spread
525bp
over SOFR, 1,149 tranches
Maturities to
2039
earliest July 2026
Periods on record
1
first seen Q2 2026

How this total is counted

Pricing as filed

1,149 floating tranches · SOFR
SpreadTranches
350bp3
425bp14
438bp1
450bp95
457bp1
463bp2
466bp1
475bp195
485bp2
488bp1
500bp210
505bp4
510bp2
514bp4
525bp184
540bp2
550bp174
551bp1
560bp2
568bp2
570bp1
575bp79
581bp1
588bp2
600bp68
610bp1
625bp19
650bp25
675bp23
700bp4
724bp1
725bp6
742bp1
750bp1
775bp2
800bp7
810bp2
825bp1
900bp2
924bp3

Bar length is the number of tranches filed at that spread. The accented row holds the median tranche.

522bp weighted by fair value, across the same 1,149 tranches.

1,149 tranches carry an index floor between 0% and 2%.

Capital structure

First-Lien Senior Secured383 positions
$882.2m
92.5%
Subordinated8 positions
$57.9m
6.1%
Equity/Other3 positions
$13.8m
1.4%

792 of 1,186 funded positions carry no filed seniority and are not split here.

Rate structure

Floating1,174 positions
$3.64bn
99.4%
Fixed5 positions
$22.5m
0.6%

99.4% floating by classified fair value. 7 positions carry no filed interest type.

Maturity profile

all 1,186 funded positions dated
2026
$61.3m
2027
$245.7m
2028
$518.3m
2029
$573.8m
2030
$743.9m
2031
$790.5m
2032
$552.9m
2033
$163.5m
2034
no positions
2035
no positions
2036+
$51.8m

4.1 years to maturity, weighted by fair value across the 1,186 dated positions.

Credit flags

Non-accrualThe filer reports 5 positions on non-accrual, $5.7m of fair value — 0.2% of the filed total.
Pays in kind30 positions at 1 lender carry a PIK component, the largest filed at 987bp, $94.9m of fair value.

Not in the filings

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One lender reports NCNA Debt Inv today. We will email you when a second one does, when Stepstone Private Credit Fund LLC's mark moves, or when the position leaves the schedule.

Every filing behind this page

1 filer · Q2 2026
FilerCIKFormPeriodFiledAccession
Stepstone Private Credit Fund LLC000195080310-Q2026-06-302026-08-140001193125-26-351731

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