Stellus Capital Management

Stellus Capital is a Houston, Texas-based independent investment management firm formed in January 2012 in connection with the spin-out of the Direct Capital Unit from D. E. Shaw & Co., L.P. and its associated investment funds, (the “D. E. Shaw group”), a global investment and technology development firm. Stellus provides financing, primarily senior secured loans to lower middle market (“LMM”) companies in the U.S and selectively in Canada. Stellus provides capital to profitable, growth-oriented companies, many of which are portfolio companies of private equity firms. Stellus seeks to generate returns primarily from interest income and fees from senior secured loans, with some capital appreciation through nominal equity co-investments. Senior members of Stellus' investment team have invested approximately $8 billion of capital across over 300 portfolio companies since 2004. The investment team has managed LMM credit portfolios through multiple financial market cycles including the COVID-19 pandemic and the 2008 financial crisis. Stellus manages Stellus Capital Investment Corporation (“SCIC”), a publicly traded BDC listed on the New York Stock Exchange (NYSE: SCM), as well as a series of commingled institutional private credit funds, and certain investor-specific private credit vehicles.