StepStone VC Secondaries Fund VII LP amended its exempt offering record on 2026-09-01, updating information for its Private Equity fund and limited partner interests. The amendment matters to investors because it identifies the fund’s general partner, management affiliate, Placement agents and fee arrangements connected with the offering.
Key Highlights
- StepStone VC Secondaries GP VII LLC serves as the fund’s general partner.
- StepStone Group LP manages the general partner through its managing member.
- Placement agents include Morgan Stanley Smith Barney LLC, Raymond James & Associates, Inc. and Raymond James Financial Services, Inc.
StepStone VC Secondaries Fund VII LP updated its exempt-offering record on 1 September 2026, identifying the vehicle as a pooled private equity fund organized as a Delaware limited partnership.
Fund Structure and Offering Arrangements
StepStone VC Secondaries Fund VII LP lists StepStone VC Secondaries GP VII LLC as its general partner. John Avirett, Brian Borton, Andrew Callahan, Anthony Giambrone, Seyonne Kang, Adair Newhall, Lindsay Redfield, Hunter Somerville, Stephen West and John Wuestling are named as executive officers, each identified as a partner of StepStone. Lindsay Redfield signed for StepStone VC Secondaries Fund VII LP as a partner on 1 September 2026. Morgan Stanley Smith Barney LLC, Leader Private Capital Ltd, Gresham Partners Capital Limited, Leader Private Funds Ltd, Capital Advisory Partners New Zealand Limited, Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are listed in connection with the offering. The listed distribution scope includes all states for Morgan Stanley Smith Barney LLC, Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. An affiliate of the fund will receive a quarterly management-services fee calculated as a percentage of commitments.
FAQs
Q: What changed in the StepStone VC Secondaries Fund VII LP offering?
A: StepStone VC Secondaries Fund VII LP updated its exempt-offering record on 1 September 2026. The record identifies the fund’s private equity structure and limited partner interests.
Q: Who is the general partner of StepStone VC Secondaries Fund VII LP?
A: StepStone VC Secondaries GP VII LLC is listed as the fund’s general partner. StepStone Group LP is identified as the managing member of that general partner.
Q: How are placement agents and management fees handled?
A: The filing states that StepStone may pay certain placement agents a percentage of the principal amount of a limited partner interest sold. An affiliate of the issuer will be paid a quarterly management-services fee based on a percentage of commitments.
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