StepStone Private Markets (SPRIM) is a Delaware statutory trust registered under the Investment Company Act of 1940 as a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation by investing primarily in private equity and private credit assets. Its investments span across various sectors and geographies, with a focus on private equity funds, direct investments, secondary transactions, and other private market assets. SPRIM offers multiple share classes, including Class T, S, D, and I, with each class having different investment requirements and fee structures. The Fund employs a continuous offering structure, with periodic share repurchases, and is managed with a focus on diversification across investment strategies and vintage years, targeting mid- to long-term holding periods.
News and Notices
StepStone Group
2020
'40 Act
Tender Offer CEF
USD
Quarterly
Daily
1.40%
March 31
News and Notices
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Notices
Date
Time (ET)
Notice Type
Source
Notice
Sep 02, 2024
12:22
Ownership, Personnel
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StepStone Private Markets disclosed that Matthew Bennett Fleischer, Chief Compliance Officer, reported no ownership of its securities as of September 1, 2026.
Nov 25, 2024
16:10
Compliance
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StepStone Private Markets disclosed its annual fund voting report for the 2026 report calendar year, with zero other included managers and zero series listed.
Dec 11, 2025
11:58
Redemptions
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StepStone Private Markets launched a tender offer to repurchase up to 5% of outstanding shares, with an estimated transaction value of $318.5 million. Investors may tender or withdraw requests by 4:00 p.m. Eastern time on September 15, 2026.
Dec 29, 2024
16:12
Fees, Marketing Materials, Subscriptions
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StepStone Private Markets updated its prospectus for its continuous offering of Class S, D, I, and R shares, including a 3.50% maximum sales load for Class S shares and total annual operating expenses of 3.57%, 2.97%, 2.72%, and 3.57%, respectively.
Sep 02, 2023
13:08
Redemptions
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StepStone Private Markets reported final tender offer results: accepted tenders were paid 100% of unaudited net asset value on June 18, 2026, totaling $135.6 million across Class I, Class S, Class D and Class R shares.
May 24, 2025
15:43
Ownership, Personnel, Subscriptions
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StepStone Private Markets Portfolio Manager John Paul Kettnich acquired 219 Class I shares at $61.41 after 219 restricted share units vested, leaving 655 restricted share units outstanding. His trust owned 18,381 Class I shares after the issuance.
Feb 24, 2024
15:29
Compliance, Personnel
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Portfolio Manager Thomas Keck appointed Robert W. Long, Kimberly Zeitvogel, Dean Caruvana, Tim Smith and Kitan Ajanaku as Attorneys-In-Fact effective April 20, 2026. They may execute beneficial ownership statements for him until revoked.
Jul 12, 2025
14:13
Redemptions
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StepStone Private Markets is offering to repurchase up to 5% of outstanding Shares at NAV, with 97.9 million Shares outstanding and $6.18 billion of aggregate NAV as of April 30, 2026. Shareholders may tender by June 16, 2026, with payment made after the Valuation Date.
Mar 08, 2026
11:57
Distributions, Ownership, Personnel
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StepStone Group reported ownership changes in StepStone Private Markets Class I Common Shares of Beneficial Interest, including a reduction from 36,355.189 shares to 30,004.189 shares, with 1,383 shares added and 7,734 shares withheld on 2026-02-14. The changes reflect employee share grants, dividend reinvestment, and tax withholding tied to RSU vesting.
Apr 07, 2025
21:38
Personnel, Subscriptions
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StepStone Private Markets reporting person Elio Michael Anthony received 1,014 RSUs tied to Class I Common Shares of Beneficial Interest, vesting in four substantially equal annual installments beginning February 14, 2026. His beneficial ownership includes 1,014 shares, with 811 RSUs vesting on March 14, 2025 and 203 RSUs vesting on February 14, 2026.
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News
Capital Flows
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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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Research & Stats
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Mar 16, 2026
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StepStone Private Markets
StepStone Group is responsible for managing StepStone Private Markets.
StepStone Private Markets launched in 2020.
StepStone Private Markets is registered as a '40 Act fund.
StepStone Private Markets is structured as a Tender Offer CEF fund.
You can invest in StepStone Private Markets 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 Markets daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of StepStone Private Markets quarterly, subject to redemption limits and notice requirements.
Shares of StepStone Private Markets can be purchased in USD.
StepStone Private Markets's fiscal year end is March 31.
StepStone Private Markets's net asset value was $6,257.7 million and its portfolio had a fair value of $6,520.5 million as of June 30, 2026.
Among other deal types, StepStone Private Markets primarily makes Secondary (non-CV) Investments.
Among other asset classes, StepStone Private Markets primarily invests in LBO.
Among other regions, StepStone Private Markets primarily invests in North America.
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