StepStone VC Secondaries Fund VII amended its exempt-offering notice on September 1, 2026, identifying the vehicle as a Private Equity pooled Investment fund. The amendment matters to investors because it sets out the fund’s limited-partner structure, placement-agent compensation and quarterly management-fee arrangements.

Key Highlights

  • The Form D/A amendment identifies managers of the fund’s general partner.
  • The offering is marked indefinite, and seven Placement agents are listed.
  • An affiliate receives quarterly management fees based on a percentage of commitments, while other fees follow the Partnership agreement.

Private Equity Fund Structure and Offering Terms

The fund’s general partner is StepStone VC Secondaries VII (Lux) General Partner, based in Munsbach, Luxembourg. The named executive officers are John Avirett, Brian Borton, Andrew Callahan, Anthony Giambrone, Seyonne Kang, Adair Newhall, Lindsay Redfield, Hunter Somerville, Stephen West and John Wuestling, each identified as a partner of StepStone. The offering is marked indefinite. 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 among the placement agents. A fee for management services is calculated quarterly as a percentage of commitments and paid to an affiliate, alongside other fees calculated under the partnership agreement.