The Greenwich-based fund’s newest share sale added just over $4.1 million at a $24.62 net asset value, a modest call against a large pool of committed but undeployed capital.

July 23, 2026

Stone Point Credit Income Fund has completed another capital call, issuing 167,749.797 common shares at a net asset value of $24.62 per share for an aggregate offering price of $4.13 million. The shares were sold on July 1, with the final share count determined on July 21.

The sale was executed as a private placement to accredited investors, relying on the Section 4(a)(2) exemption and Rule 506 of Regulation D, with Regulation S covering any non-U.S. participation. The fund reported no general solicitation or public offering in connection with the issuance, consistent with a privately offered credit vehicle that raises through binding investor commitments and calls capital in tranches rather than through a continuous public subscription.

A Large Uncalled Reserve

More significant than the size of this particular sale is the scale the platform has reached. Since inception, the fund has secured capital commitments of roughly $1.17 billion, of which $776.75 million remains unfunded. That leaves a substantial pool of committed but undeployed capital still available to be called, giving the manager considerable dry powder to put to work as private credit opportunities arise, without returning to market for fresh subscriptions.

Against that backdrop, the latest issuance is a small increment. Drawing capital in modest tranches is characteristic of the drawdown model, in which managers pace their calls to actual deployment rather than pulling in every committed dollar at once. For allocators watching how quickly private credit managers are converting commitments into invested capital, the spread between total commitments and funded amounts is a useful read on both fundraising traction and the pace at which capital is being deployed.

The two-step timing of the sale, priced on July 1 but not finalized until July 21, reflects the mechanics of settling subscription amounts against a per-share net asset value struck as of the transaction. The current report was signed by Chief Financial Officer Steven P. Henke.