Ridgepost Capital closes $125M acquisition of Stellus, a $4B direct lending platform

Filed June 22, 2026 · Period ending June 22, 2026 · ~1 min read

Key Changes

• high

  Ridgepost paid $125M cash plus 11.2M LLC units and 579K shares for Stellus Capital Management, a Houston-based direct lender with $3.8B AUM as of March 2026. Up to $60M in earnouts tied to 2027 and 2029 performance may follow.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
• high

  Stellus generates over 70% of fee revenue from permanent capital vehicles and has deployed $10.5B across 375+ companies over 22 years. The senior team will continue managing day-to-day operations and investment decisions.

  Exhibit 99.1 verify on EDGAR →
• medium

  Ridgepost financed the cash portion with existing cash and credit facility borrowings, increasing outstanding debt. Seller shares are locked up for three years, releasing one-third annually starting June 2027.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →