Stepstone (Luxembourg) SCA SICAV - (subfund) Stepstone Private Credit ELTIF

Stepstone (Luxembourg) SCA SICAV - (subfund) Stepstone Private Credit ELTIF is an open-ended ELTIF managed by StepStone, domiciled in Luxembourg as a SICAV and supervised under the UCI Part II regime. It was launched in 2025 under the ELTIF 2.0 framework, is denominated in EUR and is distributed on a pan-European basis to both retail and professional investors, with a minimum subscription of 10,000 EUR. The portfolio invests in private debt through a direct lending approach, and the manager reports a target of for the strategy. The fund is classified as Article 8 under SFDR and carries a summary risk indicator of 3.

Liquidity mechanics follow the semi-liquid evergreen template rather than a drawdown structure. Subscriptions are accepted weekly, while redemptions are processed quarterly and require a notice period of 180, which lengthens the effective exit path relative to the dealing frequency and is intended to align investor outflows with the pace at which directly originated loans amortise or are repaid. Net asset value is struck monthly, so subscription and redemption pricing rests on valuation points that are less frequent than the dealing calendar for subscriptions. Fees comprise a management fee of and a performance fee of ; reported assets stand at .

Within the Novantigo universe of 494 vehicles as of 31 Aug 2026, the fund is one of 148 covering private debt and one of 347 domiciled in Luxembourg; the overlap of both filters narrows the comparison set to 108, which is the group against which its fee terms, redemption terms and scale can be read.