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The StepStone Private Venture and Growth Fund (SPRING) is a non-diversified, closed-end management investment company organized as a Delaware statutory trust and registered under the Investment Company Act of 1940. The fund focuses on private venture and growth investments, primarily in emerging technology, healthcare, and other high-growth sectors. It aims to achieve long-term capital appreciation by investing in a combination of venture capital funds, growth equity funds, and direct investments. The fund is structured to offer multiple share classes, including Class T, Class S, Class D, and Class I, each with specific investment requirements and associated fees. The typical holding period for investments is medium- to long-term, with a focus on high-potential, growth-stage companies. The fund utilizes a continuous offering structure, allowing investors to purchase shares at the current net asset value (NAV), subject to applicable sales loads.
News and Notices
StepStone Group
2022
'40 Act
Tender Offer CEF
USD
Quarterly
Monthly
1.50%
March 31
News and Notices
Portfolio Holdings
Portfolio Composition
Growth
Secondary Pricing
Capital Flows
Tender Offers
Share Classes
Returns
Fees
Ownership
Operating Metrics
Per Page
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1-10 of 41
Notices
Date
Time (ET)
Notice Type
Source
Notice
Nov 02, 2024
12:28
Ownership, Personnel
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Chief Compliance Officer Matthew Bennett Fleischer disclosed no ownership of StepStone Private Venture & Growth Fund securities as of September 1, 2026. Investors are informed that the officer reported no beneficial ownership at the time of disclosure.
Aug 25, 2025
16:22
Compliance
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StepStone Private Venture & Growth Fund reported a 2026 annual proxy voting notice, showing no series listed and no confidential treatment requested.
Sep 30, 2024
12:02
Redemptions
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StepStone Private Venture and Growth Fund reported final tender offer results, with tendered net asset value of $55.0 million for Class I shares and $10.5 million for Class S shares, paid on July 23, 2026.
May 29, 2024
16:40
Marketing Materials, Subscriptions
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StepStone Private Venture and Growth Fund updated its prospectus and increased registered shares of beneficial interest from $10 billion to $20 billion, including $10 billion of newly registered shares across Class S, Class D, and Class I.
Nov 24, 2023
11:21
Fees, Redemptions
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The fund offered to repurchase up to 2.5% of outstanding shares, valued at about $219 million, at September 30, 2026 net asset value less any 2% early repurchase fee. Requests are due August 26, withdrawals allowed until September 4.
May 24, 2023
15:16
Redemptions
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StepStone Private Venture and Growth Fund’s final amendment corrects the net asset value reported for tendered Class I and Class D Shares in its 2.5% issuer tender offer and confirms payment of 100% of unaudited NAV on April 15, 2026.
Jan 23, 2026
16:58
Fees, Marketing Materials, Redemptions
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StepStone Private Venture and Growth Fund is offering to repurchase up to 2.5% of outstanding shares at NAV, with 104,473,315 shares outstanding and aggregate NAV of $6.4 billion as of March 31, 2026. Shareholders who tender accepted shares held less than one year will pay a 2% early repurchase fee.
May 16, 2023
14:16
Redemptions
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StepStone Private Venture and Growth Fund’s final amendment reports results of its tender offer to buy up to 2.5% of outstanding Shares, with tenders valued at March 31, 2026 NAV and paid at 100% of unaudited NAV on April 15, 2026.
Oct 06, 2024
14:55
Compliance, Personnel
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Trustee Thomas K. Sittema appointed five attorneys-in-fact for StepStone Private Markets and four other StepStone funds. They may execute beneficial ownership statements on his behalf until revoked.
Jan 06, 2024
14:55
Compliance
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Trustee Thomas K. Sittema appointed five attorneys-in-fact to execute beneficial ownership statements for StepStone Private Markets and four other StepStone funds. The authorization remains valid until revoked.
Preview
News
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Capital Flows
Returns & Performance
Managers
StepStone's private wealth assets double YoY
Aug 10, 2026

The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.

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Tender Offer CE Funds
Private Equity
North America
'40 Act in Focus: StepStone Private Venture & Growth Fund
Jul 17, 2026

We examine the capital flows, investment activity, and performance of the secondaries-focused tender offer fund, leveraging EvergreenLink Data.

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Research & Stats
Capital Flows
'40 Act Secondary Funds: Capital Flows Analysis
Jul 9, 2026

We analyze the subscriptions, redemptions, net capital share transactions, and distributions across '40 Act secondary funds, leveraging EvergreenLink data.

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Partnerships
North America
StepStone funds launch on Crowd Street
Mar 17, 2026

The partnership seeks to expand access to the alternative asset class across secondaries, private credit, private equity, venture capital, and real assets.

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Returns & Performance
Private Equity
Interval CE Funds
Tender Offer CE Funds
Evergreen secondary funds return double-digits
Feb 19, 2026

Institutional Link analyzes the top performing '40 act secondary funds as of Q3 across one-, three-, and five-year periods, as the strategy continues to outperform peer groups.

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Returns & Performance
Private Equity
Evergreen secondary funds post 12.3% average return
Oct 15, 2025

SecondaryLink analyzes the top performing '40 act secondary funds across one-, three-, and five-year periods, as the strategy continues to outperform all major peer groups, based on data from the SecLink Evergreen Screener.

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Private Equity
Managers
'40 Act in Focus: StepStone Private Venture and Growth Fund
Jun 23, 2025

SecondaryLink outlines SPRING's returns, Q1 secondaries purchases, top holdings, and portfolio makeup, as of March.

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Private Equity
Managers
'40 Act in Focus: StepStone Private Venture and Growth Fund
Apr 10, 2025

SecondaryLink outlines the returns, Q4 secondary purchases, portfolio makeup, and other details for the $1.7 billion secondaries-focused evergreen fund.

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Private Equity
Managers
'40 Act in Focus: StepStone Private Venture and Growth Fund
Nov 27, 2024

SecondaryLink outlines the returns, structure, and more details about the $1.1 billion secondaries-focused evergreen fund.

StepStone Private Venture & Growth Fund
StepStone Group is responsible for managing StepStone Private Venture & Growth Fund.
StepStone Private Venture & Growth Fund launched in 2022.
StepStone Private Venture & Growth Fund is registered as a '40 Act fund.
StepStone Private Venture & Growth Fund is structured as a Tender Offer CEF fund.
You can invest in StepStone Private Venture & Growth Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in StepStone Private Venture & Growth Fund monthly, subject to eligibility and fund subscription deadlines.
You can redeem shares of StepStone Private Venture & Growth Fund quarterly, subject to redemption limits and notice requirements.
Shares of StepStone Private Venture & Growth Fund can be purchased in USD.
StepStone Private Venture & Growth Fund's fiscal year end is March 31.
StepStone Private Venture & Growth Fund's net asset value was $8,749.4 million and its portfolio had a fair value of $8,458.6 million as of June 30, 2026.
Among other deal types, StepStone Private Venture & Growth Fund primarily makes Secondary (non-CV) Investments.
Among other asset classes, StepStone Private Venture & Growth Fund primarily invests in VC.
Among other regions, StepStone Private Venture & Growth Fund primarily invests in North America.
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