HOUSTON--(BUSINESS WIRE)--Stellus Capital Management, LLC (“Stellus”), a leader in middle market direct lending, is pleased to announce that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI). The PRI is recognized as the leading global network for investors who are committed to integrating environmental, social and governance (ESG) considerations into both their firm governance and investment decisions.
“Being a signatory to the UN’s Principles for Responsible Investment fits with our overall mission of corporate accountability, ensuring we’re serving the long-term interests of our investors and the companies with which we partner,” said Robert T. Ladd, Managing Partner at Stellus. “Stellus has had a formal ESG policy in place since 2019 covering both our investment strategy and corporate governance, and our official adoption of the PRI is an outward commitment to those guiding principles.”
The PRI acts in the long-term interests of its signatories, the financial markets and economies in which they operate, and ultimately of the environment and society as a whole. Signatories pledge to incorporate the PRI’s six Principles for Responsible Investment into their investment, due diligence and portfolio management practices to create a more sustainable environment for global financial and investment activities. Launched in New York in 2006, the PRI has grown to more than 4,600 signatories, managing over $121 trillion in AUM. For more information, visit www.unpri.org.
About Stellus Capital Management
Stellus was founded in 2012 and formed in conjunction with the spin-out of the Direct Capital Unit of the D. E. Shaw group. Stellus’ senior team helped create the Direct Capital Unit in 2004 and has been investing together in the middle market for 18 years. Since 2004, the Stellus team has deployed approximately $8 billion into more than 300 middle market companies, developing a broad and deep expertise in this segment of the private investing market. Stellus currently has approximately $2.6 billion in assets under management, with offices in Houston, TX, the Washington, D.C. area, and Charlotte, NC. Learn more at www.stelluscapital.com.