Stepstone Private Wealth

StepStone Group Private Wealth LLC, established in 2019, is a subsidiary of StepStone Group LP, a registered investment adviser. The firm specializes in providing investment advisory services to various private market asset classes, including private equity, private debt, real estate, and real assets. StepStone Private Wealth manages closed-end management investment companies and other pooled investment vehicles on a discretionary basis. The firm's regulatory assets under management totaled $3.37 billion as of March 31, 2024. For clients, StepStone Private Wealth charges management fees between 0% and 1.50% on net asset value, along with other expenses related to the investment program. The firm may also charge performance-based fees of 15% on profits accrued monthly. Clients include institutional investors, family offices, and high net worth individuals globally. StepStone Private Wealth follows a fundamental financial analysis approach and conducts due diligence for each investment opportunity to optimize portfolio construction. The firm's investment strategies target long-term capital appreciation and current income. Clients are advised to carefully review the Governing Documents for complete information on investment objectives and risks. StepStone Private Wealth has adopted a Code of Ethics, Proxy Voting Procedures, and other policies to ensure compliance with regulatory requirements and mitigate conflicts of interest. The firm does not engage in principal or agency cross transactions and seeks best execution for client transactions. StepStone Private Wealth maintains custody compliance with the 1940 Act and provides annual audits for certain funds. The firm discloses that it has no material legal or disciplinary events affecting its integrity. StepStone Private Wealth compensates for client referrals and maintains financial stability to meet contractual obligations. The firm's financial condition is sound, with no impairments affecting its ability to serve clients effectively.