Investment adviser · CRD 160115

STELLUS CAPITAL MANAGEMENT, LLC

Investment adviser filing (IA)

HOUSTON, TX, United States · Form ADV filed Jul 14, 2026

Regulatory AUM: $3.51B
Client accounts: 20
Employees: 36
Advisory professionals: 20

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	19	$2,466,867,983	70.3%
Business development companies	1	$1,041,252,306	29.7%

Filing source

Form ADV 2119038 · Jul 14, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

19 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

STELLUS CREDIT MASTER FUND III, LLCPrivate Equity Fund · Last reported Jul 14, 2026$515MGross asset value

Feeder funds

STELLUS CREDIT OFFSHORE ERISA FUND III, LP
STELLUS CREDIT OFFSHORE FUND III, LP

Fund administrator ALTER DOMUS (US) LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP HOUSTON, Texas, United States

Custodian AMEGY BANK OF TEXAS (CASH AND COLLATERAL) HOUSTON, Texas, United States Related to adviser: No

Custodian FLAGSTAR BANK, N.A. HOUSTON, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

FLAGSTAR BANK, N.A.
LEI SS1TRMSN6BRNMOREEV51

Fund details & source

Fund ID: 805-1130013425
Reported beneficial owners: 46
Minimum commitment: $5M
Form D file number: 021-390793

Form ADV 2119038 · Jul 14, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STELLUS CREDIT VCOC FUND III, LLCPrivate Equity Fund · Last reported Jul 14, 2026$342MGross asset value

Fund administrator ALTER DOMUS (US) LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP HOUSTON, Texas, United States

Custodian AMEGY BANK OF TEXAS (CASH AND COLLATERAL) HOUSTON, Texas, United States Related to adviser: No

Custodian FLAGSTAR BANK, N.A. HOUSTON, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

FLAGSTAR BANK, N.A.
LEI SS1TRMSN6BRNMOREEV51

Fund details & source

Fund ID: 805-8631964348
Reported beneficial owners: 11
Minimum commitment: $5M

Form ADV 2119038 · Jul 14, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STELLUS CREDIT FUNDS INVESTOR A, LLCPrivate Equity Fund · Last reported Jul 14, 2026$259MGross asset value

Fund administrator ALTER DOMUS (US) LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP HOUSTON, Texas, United States

Custodian AMEGY BANK OF TEXAS (CASH AND COLLATERAL) HOUSTON, Texas, United States Related to adviser: No

Custodian FLAGSTAR BANK, N.A. HOUSTON, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

FLAGSTAR BANK, N.A.
LEI SS1TRMSN6BRNMOREEV51

Fund details & source

Fund ID: 805-3981782693
Reported beneficial owners: 2
Minimum commitment: $5M

Form ADV 2119038 · Jul 14, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STELLUS CREDIT MASTER FUND IV, LLCPrivate Equity Fund · Last reported Jul 14, 2026$163MGross asset value

Form D fundraising filings

Stellus Credit Master Fund IV, LLC

Feeder funds

STELLUS CREDIT OFFSHORE FUND III, LP
STELLUS CREDIT OFFSHORE FUND IV, LP

Fund administrator ALTER DOMUS (US) LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP HOUSTON, Texas, United States

Custodian AMEGY BANK OF TEXAS (CASH AND COLLATERAL) HOUSTON, Texas, United States Related to adviser: No

Custodian THE HUNTINGTON NATIONAL BANK COLUMBUS, Ohio, United States Related to adviser: No

Marketer FURTHER CAPITAL PARTNERS LTD.P. TORONTO, Canada Related to adviser: No

Marketer PIPER SANDLER & CO. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

THE HUNTINGTON NATIONAL BANK
LEI 2WHM8VNJH63UN14OL754

PIPER SANDLER & CO.
CRD 665 · SEC 801-108049

Fund details & source

Fund ID: 805-1123590482
Reported beneficial owners: 28
Minimum commitment: $5M
Form D file number: 021-522276

Form ADV 2119038 · Jul 14, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STELLUS PRIVATE CREDIT BDC FEEDER LPPrivate Equity Fund · Last reported Jul 14, 2026$139MGross asset value

Form D fundraising filings

Stellus Private Credit BDC Feeder LP

Fund administrator ALTER DOMUS (US) LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: Yes

Auditor DELOITTE & TOUCHE LLP HOUSTON, Texas, United States

Custodian BROADRIDGE FINANCIAL SOLUTIONS, INC. LAKE SUCCESS, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

BROADRIDGE FINANCIAL SOLUTIONS, INC.
LEI 549300KZDJZQ2YIHRC28

Fund details & source

Fund ID: 805-6103758056
Reported beneficial owners: 7
Minimum commitment: $1M
Form D file number: 021-431406

Form ADV 2119038 · Jul 14, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STELLUS CREDIT FUNDS INVESTOR B, LPPrivate Equity Fund · Last reported Jul 14, 2026$124MGross asset value

Fund administrator ALTER DOMUS (US) LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: Yes

Auditor DELOITTE & TOUCHE LLP HOUSTON, Texas, United States

Custodian AMEGY BANK OF TEXAS (CASH AND COLLATERAL) HOUSTON, Texas, United States Related to adviser: No

Custodian CITY NATIONAL BANK LOS ANGELES, California, United States Related to adviser: No

Custodian FIRST FINANCIAL HOUSTON, Texas, United States Related to adviser: No

Custodian HANCOCK WHITNEY BANK HOUSTON, Texas, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

CITY NATIONAL BANK
LEI 593C3GZG957YOJPS2Z63

FIRST FINANCIAL
LEI 549300E0S1LZYZ9QNX81

HANCOCK WHITNEY BANK
LEI NSGZD26XPW2CUM2JKU70

Fund details & source

Fund ID: 805-9739720104
Reported beneficial owners: 1
Minimum commitment: $5M

Form ADV 2119038 · Jul 14, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STELLUS CREDIT VCOC FUND IV, LLCPrivate Equity Fund · Last reported Jul 14, 2026$111MGross asset value

Form D fundraising filings

Stellus Credit VCOC Fund IV, LLC

Feeder funds

STELLUS CREDIT VCOC FEEDER FUND IV, LP

Fund administrator ALTER DOMUS (US) LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP HOUSTON, Texas, United States

Custodian AMEGY BANK OF TEXAS (CASH AND COLLATERAL) HOUSTON, Texas, United States Related to adviser: No

Custodian THE HUNTINGTON NATIONAL BANK COLUMBUS, Ohio, United States Related to adviser: No

Marketer FURTHER CAPITAL PARTNERS LTD.P. TORONTO, Canada Related to adviser: No

Marketer PIPER SANDLER & CO. NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

THE HUNTINGTON NATIONAL BANK
LEI 2WHM8VNJH63UN14OL754

PIPER SANDLER & CO.
CRD 665 · SEC 801-108049

Fund details & source

Fund ID: 805-1154439142
Reported beneficial owners: 17
Minimum commitment: $5M
Form D file number: 021-522277

Form ADV 2119038 · Jul 14, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 14, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

4400 POST OAK PARKWAY, SUITE 2200
HOUSTON, TX, 77027, United States

CRD 160115

Filing source

Form ADV 2119038 · Jul 14, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.