Stellus Leadership to Remain in Place
Despite the ownership change, Stellus will continue to be managed by its existing partners. The firm’s leadership will retain authority over day-to-day operations, including investment decisions and investment committee processes — a move designed to preserve continuity and underwriting discipline.
“Luke Sarsfield and the P10 team have established a highly scaled and diversified private markets platform with a clear focus on the middle and lower-middle market, and we see strong alignment in our respective approaches,” said Robert Ladd, managing partner of Stellus.
Ladd added that the transaction will strengthen Stellus’ ability to launch new strategies and investment vehicles, responding to global investor demand for targeted exposure in private credit markets. He also emphasized the firm’s ongoing commitment to serving sponsors and borrowers seeking a steady and considered lending partner.
As private credit continues to swell in scale and influence, P10’s move to acquire Stellus Capital signals not just consolidation — but ambition. In a market where capital flows like electricity through unseen wires, the firms are positioning themselves closer to the switchboard.
