N-2 | 6 Months Ended |
Jun. 30, 2024 USD ($) $ / shares shares |
Cover [Abstract] | | |
Entity Central Index Key | 0002006100 | |
Amendment Flag | false | |
Document Type | N-CSRS | |
Entity Registrant Name | StepStone Private Credit Income Fund | |
Financial Highlights [Abstract] | | |
Senior Securities, Note [Text Block] | For the Period Per Share Operating Performance: Net Asset Value per share, beginning of period $ 10.00 Activity from investment operations: Net investment income (loss) 1 0.05 Net change in unrealized appreciation (depreciation) on investments (0.01 ) Total from investment operations 0.04 Net Asset Value per share, end of period $ 10.04 Net Assets, end of period (in thousands) $ 73,939 Ratios to average shareholders’ equity 2 : Net investment income (loss) 3 10.61 % Gross expenses 4 7.45 % Adviser expense reimbursement 4 (5.98 )% Net expenses 4 1.47 % Total return 5,6 0.40 % Portfolio turnover rate 7 — % Senior Securities: Total borrowings (000s) — Asset coverage per $1,000 unit of senior indebtedness 8 N/A * 1 2 Ratios do not reflect the proportionate share of income and expenses of the underlying Investment Funds in which the Fund invests. 3 4 5 6 7 8 For the Period Per Share Operating Performance: Net Asset Value per share, beginning of period $ 10.00 Activity from investment operations: Net investment income (loss) 1 0.05 Net change in unrealized appreciation (depreciation) on investments (0.01 ) Total from investment operations 0.04 Net Asset Value per share, end of period $ 10.04 Net Assets, end of period (in thousands) $ 10 Ratios to average shareholders’ equity 2 : Net investment income (loss) 3 10.61 % Gross expenses 4 7.45 % Adviser expense reimbursement 4 (5.98 )% Net expenses 4 1.47 % Total return 5,6 0.40 % Portfolio turnover rate 7 — % Senior Securities: Total borrowings (000s) — Asset coverage per $1,000 unit of senior indebtedness 8 N/A * 1 2 Ratios do not reflect the proportionate share of income and expenses of the underlying Investment Funds in which the Fund invests. 3 4 5 6 7 8 For the Period Per Share Operating Performance: Net Asset Value per share, beginning of period $ 10.00 Activity from investment operations: Net investment income (loss) 1 0.05 Net change in unrealized appreciation (depreciation) on investments (0.01 ) Total from investment operations 0.04 Net Asset Value per share, end of period $ 10.04 Net Assets, end of period (in thousands) $ 10 Ratios to average shareholders’ equity 2 : Net investment income (loss) 3 10.61 % Gross expenses 4 7.45 % Adviser expense reimbursement 4 (5.98 )% Net expenses 4 1.47 % Total return 5,6 0.40 % Portfolio turnover rate 7 — % Senior Securities: Total borrowings (000s) — Asset coverage per $1,000 unit of senior indebtedness 8 N/A * 1 2 3 4 5 6 7 8 For the Period Per Share Operating Performance: Net Asset Value per share, beginning of period $ 10.00 Activity from investment operations: Net investment income (loss) 1 0.05 Net change in unrealized appreciation (depreciation) on investments (0.01 ) Total from investment operations 0.04 Net Asset Value per share, end of period $ 10.04 Net Assets, end of period (in thousands) $ 10 Ratios to average shareholders’ equity 2 : Net investment income (loss) 3 10.61 % Gross expenses 4 7.45 % Adviser expense reimbursement 4 (5.98 )% Net expenses 4 1.47 % Total return 5,6 0.40 % Portfolio turnover rate 7 — % Senior Securities: Total borrowings (000s) — Asset coverage per $1,000 unit of senior indebtedness 8 N/A * 1 2 3 4 5 6 7 8 | |
General Description of Registrant [Abstract] | | |
Investment Objectives and Practices [Text Block] | The Fund’s Board of Trustees (“Board”) provides broad oversight over the Fund’s investment program, management and operations and has the right to delegate management responsibilities. StepStone Group Private Wealth LLC, an investment adviser registered under the Investment Advisers Act of 1940, as amended, and a wholly owned business of StepStone Group LP (“StepStone”), serves as the Fund’s investment adviser (“Adviser”). The Adviser oversees the management of the Fund’s day -to-day -adviser -Adviser -to-day -subadviser -Subadviser -Adviser -Subadviser The Fund’s investment objectives are to seek to generate current income and, to a lesser extent, long -term -related -lender -bank | |
Risk Factors [Table Text Block] | An investment in the Fund involves material risks, including performance risk, liquidity risk, business and financial risk, risks associated with the use of leverage, valuation risk, tax risk and other risks that should be carefully considered prior to investing and investing should only be considered by persons financially able to maintain their investment and who can afford a loss of a substantial part or all of such investment. | |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | |
Capital Stock [Table Text Block] | The Fund offers four separate classes of shares of beneficial interest designated as Class I Shares, Class D Shares, Class S Shares and Class T Shares. Each class of Shares is subject to different fees and expenses. The minimum initial investment in Class I Shares by an investor in the Fund is $1.0 million. The minimum initial investment for Class I may be reduced at the Adviser’s discretion. The minimum initial investment in Class D Shares, Class S Shares and Class T Shares by an investor is $25,000. Investors purchasing Class S Shares and Class T Shares may be charged a sales load up to a maximum of 3.50%. Investors purchasing Class D Shares may be charged a sales load up to a maximum of 1.50%. Investors purchasing Class I Shares are not charged a sales load. The Fund accepts initial and additional purchases of Shares daily at the Fund’s then -current The following table summarizes the Capital Share transactions for the period June 3, 2024 through June 30, 2024: For the Period Ended Shares Dollar Class I Proceeds from shares issued 7,360,824 $ 73,677,630 Reinvestment of distributions — — Repurchase of shares — — Net increase 7,360,824 $ 73,677,630 Class D Proceeds from shares issued 1,000 $ 10,000 Reinvestment of distributions — — Repurchase of shares — — Net increase 1,000 $ 10,000 Class S Proceeds from shares issued 1,000 $ 10,000 Reinvestment of distributions — — Repurchase of shares — — Net increase 1,000 $ 10,000 Class T Proceeds from shares issued 1,000 $ 10,000 Reinvestment of distributions — — Repurchase of shares — — Net increase 1,000 $ 10,000 * The Fund commenced operations on June 3, 2024. Beginning September 2024, the Fund will conduct quarterly offers to repurchase a minimum of 5.00% and up to a maximum of 25.00% of the outstanding Shares at NAV, unless such offer is suspended or postponed in accordance with regulatory requirements (as discussed in Note 1). No Shareholder will have the right to require the Fund to repurchase such Shareholder’s Shares or any portion thereof. In the event that Shareholders, in the aggregate, submit for repurchase more than the number of Shares that the Fund will offer to repurchase, the Fund may repurchase the Shares on a pro rata basis, which may result in the Fund not honoring the full amount of a Share repurchase requested by a Shareholder. In connection with any given quarterly repurchase offer, the Fund currently intends to repurchase 5.00% of its outstanding Shares. | |
Security Dividends [Text Block] | The minimum initial investment in Class I Shares by an investor in the Fund is $1.0 million. The minimum initial investment for Class I may be reduced at the Adviser’s discretion. The minimum initial investment in Class D Shares, Class S Shares and Class T Shares by an investor is $25,000. Investors purchasing Class S Shares and Class T Shares may be charged a sales load up to a maximum of 3.50% | |
Outstanding Securities [Table Text Block] | Assets Investments, at fair value (cost $62,389,222) $ 62,349,891 Cash and cash equivalents 9,281,809 Receivable from investments 1,109,266 Deferred offering costs 452,669 Interest receivable 435,608 Due from Adviser 48,474 Total Assets 73,677,717 Liabilities Revolving credit facility — Less deferred debt issuance costs (977,011 ) Revolving credit facility less deferred debt issuance costs (977,011 ) Professional fees payable 506,112 Revolving credit facility fees payable 57,073 Management fees payable 48,297 Incentive fees payable 29,985 Trustees’ fees payable 18,187 Administration fees payable 14,909 CCO fees payable 4,603 Transfer agent fees payable 1,841 Other accrued expenses 4,116 Total Liabilities (291,888 ) Commitments and contingencies (see Note 8) Net Assets $ 73,969,605 Components of Net Assets: Paid-in capital $ 73,707,630 Total distributable earnings 261,975 Net Assets $ 73,969,605 Class I: Net Assets $ 73,939,482 Outstanding Shares 7,360,824 Net Asset Value Per Share $ 10.04 Class D: Net Assets $ 10,041 Outstanding Shares 1,000 Net Asset Value Per Share $ 10.04 Class S: Net Assets $ 10,041 Outstanding Shares 1,000 Net Asset Value Per Share $ 10.04 Class T: Net Assets $ 10,041 Outstanding Shares 1,000 Net Asset Value Per Share $ 10.04 | |
Class I Shares [Member] | | |
Financial Highlights [Abstract] | | |
Senior Securities Amount | $ | | [1] |
Senior Securities Coverage per Unit | $ / shares | $ 1,000 | [2] |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | |
Outstanding Security, Held [Shares] | shares | 7,360,824 | |
Class D Shares [Member] | | |
Financial Highlights [Abstract] | | |
Senior Securities Amount | $ | | [1] |
Senior Securities Coverage per Unit | $ / shares | $ 1,000 | [2] |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | |
Outstanding Security, Held [Shares] | shares | 1,000 | |
Class S Shares [Member] | | |
Financial Highlights [Abstract] | | |
Senior Securities Amount | $ | | [1] |
Senior Securities Coverage per Unit | $ / shares | $ 1,000 | [2] |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | |
Outstanding Security, Held [Shares] | shares | 1,000 | |
Class T Shares [Member] | | |
Financial Highlights [Abstract] | | |
Senior Securities Amount | $ | | [1] |
Senior Securities Coverage per Unit | $ / shares | $ 1,000 | [2] |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | |
Outstanding Security, Held [Shares] | shares | 1,000 | |
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[1]The Fund commenced operations on June 3, 2024. See Note 1 in the accompanying notes to consolidated financial statements.[2]Calculated by subtracting the Fund’s total liabilities (not including borrowings) from the Fund’s total assets and dividing this by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness. |