Neostellar Capital Finalizes Advisory and Administration Pacts to Support Externalized BDC Model

Neostellar Capital executed two core agreements to complete its transition to an externally managed BDC. The company signed an Investment Advisory Agreement with Neostellar Advisors, establishing a 1.75% base management fee on gross assets and incentive fees tied to income and capital gains from new investments only, effective July 15, 2026. Separately, Neostellar Capital entered into an Administration Agreement with Neostellar Administrative Services to provide office, personnel, financial reporting, NAV determination, and oversight of third-party providers, with reimbursable costs reviewed quarterly. Both agreements have initial two-year terms with annual renewals and include customary liability limits and termination rights. Management expects the structure to align incentives, enhance operating efficiency, and support growth alongside Magnetar.

Agreement 1: Neostellar Capital Enters Advisory Pact With Neostellar Advisors to Externalize Management

• Agreement type: Investment Advisory Agreement
• Counterparty: Neostellar Advisors
• Signed / Effective: Jul 15 2026 / Jul 15 2026
• Duration / Termination: Initial two-year term; annual renewals
• Reason: Externalize management and align incentives for BDC strategy

Agreement 2: Neostellar Capital Signs Administration Agreement With Neostellar Administrative Services

• Agreement type: Administration Agreement
• Counterparty: Neostellar Administrative Services
• Signed / Effective: Jul 15 2026 / Jul 15 2026
• Duration / Termination: Initial two-year term; annual renewals
• Reason: Provide scalable infrastructure for BDC operations

Original SEC Filing: Neostellar Capital Corp. [ NSLR ] - 8-K - Jul. 21, 2026