Letter Agreement, dated March 25, 2025, Relating to Extension of Limitation Period Under Amended and Restated Expense Limitation and Reimbursement Agreement
Exhibit 10.25
StepStone Group Private Debt LLC
277 Park Avenue, 44th Floor
New York, New York 10172
March 25, 2025
StepStone Private Credit Fund LLC
277 Park Avenue, 44th Floor
New York, New York 10172
Re: | Second Extension of Limitation Period Under Amended and Restated Expense Limitation and Reimbursement Agreement |
This Letter Agreement (this Agreement), entered into by and between StepStone Group Private Debt LLC (the Advisor) and StepStone Private Credit Fund LLC (the Company), relates to that certain Amended and Restated Expense Limitation and Reimbursement Agreement, dated November 8, 2023, by and between the Advisor and the Company (the Expense Limitation Agreement). Capitalized terms used herein shall have the same meanings herein as defined in the Expense Limitation Agreement, unless otherwise defined or modified herein.
This Agreement memorializes the Advisors and the Companys mutual agreement, in consideration of the promises and mutual covenants contained herein and in the Expense Limitation Agreement, to extend the Limitation Period under the Expense Limitation Agreement, effective immediately, for an additional one-year term ending on April 3, 2026, which Limitation Period may be renewed by the mutual agreement of the Advisor and the Company for successive terms of one year.
Except as expressly amended hereby, the terms and conditions of the Expense Limitation Agreement remain in full force and effect. This Agreement shall be governed by the laws of the State of New York, without regard to its conflicts of law principles.
STEPSTONE GROUP PRIVATE DEBT LLC | ||
By: | /s/ Joseph Cambareri | |
Name: Joseph Cambareri | ||
Title: COO |
Accepted and Agreed: | ||
STEPSTONE PRIVATE CREDIT FUND LLC | ||
By: | /s/ Joseph Cambareri | |
Name: Joseph Cambareri | ||
Title: Chief Financial Officer |