StepStone VC Secondaries Fund VII amended its exempt-offering record on September 1, 2026, with the offering amount listed as indefinite. The update matters because limited partner interests are offered through the fund, parallel funds and feeder entities, while placement-agent compensation and affiliate management fees are part of the stated arrangement.

Key Highlights

  • Limited partner interests are offered and sold through StepStone VC Secondaries Fund VII, parallel funds and other feeder entities.
  • StepStone VC Secondaries Fund VII is structured as a pooled Investment fund and Private Equity fund relying on Rule 506(b) and Sections 3(c) and 3(c)(7).
  • Morgan Stanley Smith Barney, Raymond James & Associates and Raymond James Financial Services are among the named Placement agents.

StepStone VC Secondaries Fund VII updated its exempt-offering record on September 1, 2026, with the offering amount designated as indefinite. The Cayman Islands limited partnership’s interests are offered alongside interests in parallel funds and other feeder entities, with the structure including placement-agent and affiliate management-fee arrangements.

Offering Structure and Named Participants

The fund’s general partner is StepStone VC Secondaries GP VII LLC. StepStone Group LP serves as managing member of the general partner, while StepStone Group Holdings LLC is the general partner of that managing member. StepStone Group partners named as executive officers include John Avirett, Brian Borton, Andrew Callahan, Anthony Giambrone, Seyonne Kang, Adair Newhall, Lindsay Redfield, Hunter Somerville, Stephen West and John Wuestling. Morgan Stanley Smith Barney LLC, Raymond James & Associates Inc. and Raymond James Financial Services Inc. appear among the placement agents. Other named participants include Leader Private Capital Ltd, Gresham Partners Capital Limited, Leader Private Funds Ltd and Capital Advisory Partners New Zealand Limited.

Fees and Offering Administration

An affiliate of the fund is also set to receive a management-services fee calculated quarterly as a percentage of commitments. The fund is based at Ugland House in Grand Cayman, Cayman Islands. Lindsay Redfield signed for StepStone VC Secondaries Fund VII (Cayman) LP as a partner of StepStone on September 1, 2026.