Overview
StepStone Private Wealth has been providing investment advisory services since 2019. StepStone
Private Wealth is a wholly owned subsidiary of StepStone Group LP (“StepStone”), a registered
investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).
StepStone is, in turn, a wholly owned subsidiary of StepStone Group Inc., a public company listed on
the NASDAQ (NASDAQ: STEP). StepStone Group Inc. and its affiliates, including StepStone Private
Wealth and StepStone, are collectively referred to herein as the “StepStone Group.”
StepStone Private Wealth is the adviser to StepStone Private Markets (“SPRIM”) and StepStone Private
Venture and Growth Fund (“SPRING”) (each a “Fund” and together, the “Funds”), Delaware statutory
trusts registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a non-
diversified, closed-end management investment company. StepStone Private Wealth also manages
StepStone Private Markets Feeder Ltd. (the “Feeder”), which invests substantially all of its assets in
SPRIM.
Additionally, StepStone Private Wealth manages other foreign-domiciled pooled investment vehicles
(the “Fund Vehicles”). The Fund Vehicles employ a strategy similar to the Funds (each of the Funds,
Feeder and Fund Vehicles are referred to
throughout this Brochure as a “Client,” and collectively,
“Clients”).
StepStone Private Wealth provides investment advisory services to the Clients as the adviser and
StepStone provides investment advisory services to the Clients as a sub-adviser. The Clients invest in
various private market asset classes, including private equity, private debt, real estate and real assets,
through investments in private funds and co-investment opportunities (“Private Market Assets”).
StepStone Private Wealth and StepStone tailor their advisory services for the Clients to the specific
investment objectives, guidelines and restrictions set forth in their respective confidential private
placement memorandum, limited partnership or limited liability company agreement, investment
advisory contract and other governing documents (collectively, “Governing Documents”). Investors
and prospective investors of each Client should refer to all Governing Documents of the applicable
Client for complete information regarding investment objectives and restrictions. There is no assurance
that these investment objectives will be achieved.
As of March 31, 2023, StepStone Private Wealth had regulatory assets under management of
$1,498,582,854, all of which were managed on a discretionary basis.