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RPCBullishM&Anews

High materiality8/10

Ridgepost completes Stellus acquisition, expanding private credit platform and AUM

Jun 22, 2026, 4:19 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Acquisition expands AUM, enhances fee-related revenue mix, and strengthens cross-sell opportunities; historically, accretive M&A in asset management can boost earnings and multiple, though integration risk exists.

AI summary

What happened, with direct paths to the underlying reporting

RPC completed its acquisition of Stellus Capital Management, adding roughly $4 billion in AUM and expanding its private credit capabilities. Stellus' long-time direct-lending platform and 3.8B AUM (2.6B fee-paying) enhance RPC's growth engine and cross-sell opportunities across BDCs and private funds. The transaction underscores RPC's strategy to build a broader mid-market alternatives platform.

RPC completes Stellus acquisition. Stellus brings ~$4B AUM.
Stellus adds $3.8B AUM. 70% fee revenue from permanent capital.
Combined platform exceeds $45B AUM; cross-sell across BDCs and private funds.
Advisors: Kirkland & Ellis; Goldman Sachs; closing signals strategic consolidation.

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