DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Stepstone Group LP
Stepstone Group LP
Corporate venture · probableLa Jolla, CAstepstonepw.comSEC registered investment adviserone firm, 2 filing advisers
This firm files as 2 advisers on stepstonepw.com: Stepstone Private Wealth. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
corporate parent: Stepstone Group Inc.
Importance
50
elevated
Active deployment
8
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
11
low
Identity and regulatory footprint
- Headquarters
- La Jolla, CAadviserinfo.sec.gov
- Office address
- 4225 EXECUTIVE SQUARE, SUITE 1600, La Jolla, CA, 92037adviserinfo.sec.gov
- Business phone
- 858-558-9700adviserinfo.sec.gov
- Website
- https://www.stepstonepw.com/
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jul 30, 2026
- Private funds reported
- 409 (37 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $123Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $108Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 978
- Owners on Schedule A
- Stepstone Group Inc. (Sole Managing Member), E; Stepstone Group Holdings LLC (General Partner), NA
- business phone
- 858-558-9700adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
seed 50%series a 50%
Stage at first entry
seed 50%series a 50%
Sectors
Other 50%unknown 50%
lead rate 0%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
39 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Stepstone Vc Global Partners Ix-A, L.P. | Feeder or parallel | 2022 adv first reported | Active deployment | $1.4B Jul 30, 2024 | 301 | $0 of $881M | Dec 18, 2018 |
| Stepstone Vc Global Partners Vii-A, L.P. | Feeder or parallel | 2022 adv first reported | Active deployment | $598M Jul 30, 2024 | 197 | $0 of $400M | Apr 21, 2015 |
| Stepstone Vc Global Partners Vi-A, L.P. | Fund | 2022 adv first reported | Active deployment | $579M Jul 30, 2024 | 158 | $0 of $30.0M | Dec 20, 2013 |
| Stepstone Vc Secondaries Fund III, L.P. | Fund | 2022 adv first reported | Active deployment | $579M Jul 30, 2024 | 155 | $0 of $325M | Dec 20, 2017 |
| Stepstone Vc Early Stage II, L.P. | Fund | 2022 adv first reported | Active deployment | $291M Jul 30, 2024 | 71 | $0 | Jan 8, 2021 |
| Stepstone Vc Early Stage I, L.P. | Fund | 2022 adv first reported | Active deployment | $259M Jul 30, 2024 | 54 | $0 | May 18, 2018 |
| Stepstone Vc Global Partners Vi-C, L.P. | Fund | 2022 adv first reported | Active deployment | $231M Jul 30, 2024 | 81 | $0 of $115M | Dec 20, 2013 |
| Stepstone Vc Micro II, L.P. | Fund | 2022 adv first reported | Active deployment | $202M Jul 30, 2024 | 23 | $0 of $100M | Nov 29, 2017 |
| Stepstone Vc Global Partners Iv-B, L.P. | Feeder or parallel | 2022 adv first reported | Active deployment | $187M Jul 30, 2024 | 63 | unknown | unknown |
| Stepstone Vc Global Partners Iv-C, L.P. | Fund | 2022 adv first reported | Active deployment | $66.0M Jul 30, 2024 | 60 | unknown | unknown |
| Stepstone Vc Global Partners Vii-C, L.P. | Fund | 2022 adv first reported | Active deployment | $57.4M Jul 30, 2024 | 57 | unknown | unknown |
| Stepstone Vc Early Stage Ii-G, L.P. | Fund | 2022 adv first reported | Active deployment | $53.7M Jul 30, 2024 | 2 | $0 | Jan 8, 2021 |
| Stepstone Vc Secondaries Fund I, L.P. | Fund | 2022 adv first reported | Active deployment | $51.7M Jul 30, 2024 | 40 | $0 of $100M | Mar 28, 2014 |
| Stepstone Vc Global Partners Ix-C, L.P. | Fund | 2022 adv first reported | Active deployment | $45.6M Jul 30, 2024 | 51 | $0 of $23.0M | Dec 18, 2018 |
| Stepstone Vc Opportunities Vi-D, L.P. | Opportunity fund | 2022 adv first reported | Active deployment | $39.2M Jul 30, 2024 | 102 | $0 | Nov 4, 2019 |
| Stepstone Vc Impact I, L.P. | Fund | 2022 adv first reported | Active deployment | $30.3M Jul 30, 2024 | 30 | $0 | Feb 5, 2018 |
| Stepstone Vc Early Stage Ii-K, L.P. | Fund | 2022 adv first reported | Active deployment | $23.3M Jul 30, 2024 | 2 | $0 | Jan 8, 2021 |
| Stepstone Vc Global Partners Iv-A, L.P. | Feeder or parallel | 2022 adv first reported | Active deployment | $22.1M Jul 30, 2024 | 5 | unknown | unknown |
| Stepstone Vc Spv IV, L.P. | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $18.3M Jul 30, 2024 | 5 | unknown | unknown |
| Stepstone Tactical Growth Fund III, L.P. | Growth fund · ADV: Private Equity Fund | 2021 adv first reported | Mature | $474M Jul 30, 2024 | 414 | unknown | unknown |
| Stepstone Vc Opportunities VI, L.P. | Opportunity fund | 2019 form d first sale | Mature | $663M Jul 30, 2024 | 349 | $578M | Nov 2, 2020 |
| Stepstone Vc Early Stage I-G, L.P. | Fund | 2019 form d first sale | Mature | $54.0M Jul 30, 2024 | 2 | $35.2M of $35.2M | Jan 15, 2019 |
| Stepstone Ge V, L.P. | Fund | 2019 form d first sale | Mature | $28.0M Jul 30, 2024 | 3 | $20.0M of $20.0M | Mar 6, 2019 |
| Stepstone Sk Special, L.P. | Fund | 2018 adv first reported | Harvest | $514M Jul 30, 2024 | 2 | unknown | unknown |
| Stepstone Growth Equity Iv-A, L.P. | Growth fund | 2018 form d first sale | Harvest | $158M Jul 30, 2024 | 2 | $106M of $106M | Jan 19, 2018 |
| Stepstone Vc Micro Ii-G, L.P. | Fund | 2018 form d first sale | Harvest | $40.7M Jul 30, 2024 | 2 | $151M of $151M | Oct 25, 2018 |
| Stepstone Master G, L.P. | Fund | 2017 form d first sale | Harvest | $967M Jul 30, 2024 | 2 | $100M of $100M | Mar 31, 2017 |
| Stepstone Vc Global Partners Viii-A, L.P. | Feeder or parallel | 2017 form d first sale | Harvest | $852M Jul 30, 2024 | 250 | $40.2M of $40.2M | May 11, 2017 |
| Stepstone Tactical Growth Fund II, L.P. | Growth fund · ADV: Private Equity Fund | 2016 form d first sale | Harvest | $334M Jul 30, 2024 | 155 | $65.6M | Jan 12, 2018 |
| Stepstone Vc Global Partners Viii-C, L.P. | Fund | 2016 form d first sale | Harvest | $55.7M Jul 30, 2024 | 49 | $30.9M of $30.9M | May 11, 2017 |
| Stepstone Vc Gw I, LP | Fund | 2016 form d first sale | Harvest | $47.7M Jul 30, 2024 | 1 | $20.0M of $20.0M | Mar 8, 2016 |
| Stepstone Ge IV, L.P. | Fund | 2016 form d first sale | Harvest | $14.9M Jul 30, 2024 | 2 | $9.2M of $9.2M | Mar 4, 2016 |
| Stepstone Vc Micro I, L.P. | Fund | 2015 form d first sale | Harvest | $168M Jul 30, 2024 | 4 | $68.0M of $70.0M | Mar 31, 2017 |
| Stepstone Vc Secondaries Fund II, L.P. | Fund | 2015 form d first sale | Harvest | $76.6M Jul 30, 2024 | 81 | $187M of $200M | Apr 19, 2016 |
| Stepstone Ge III, L.P. | Fund | 2014 form d first sale | Harvest | $19.8M Jul 30, 2024 | 3 | $25.0M of $25.0M | Mar 27, 2014 |
| Stepstone Tactical Growth Fund, L.P. | Growth fund · ADV: Private Equity Fund | 2013 form d first sale | Harvest | $59.0M Jul 30, 2024 | 29 | $30.3M | Oct 7, 2014 |
| Stepstone Vc Global Partners V-A, L.P. | Feeder or parallel | 2011 form d first sale | Harvest | $356M Jul 30, 2024 | 161 | $17.8M of $30.0M | Jul 31, 2012 |
| Stepstone Vc Global Partners V-C, L.P. | Fund | 2010 form d first sale | Harvest | $57.5M Jul 30, 2024 | 61 | $7.8M of $7.8M | Oct 10, 2012 |
| Stepstone Vc Ba Spv, L.P. | SPV or co-invest vehicle | 2010 form d first sale | Harvest | $8.8M Jul 30, 2024 | 1 | $12.5M of $12.5M | Mar 8, 2010 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
7 current, 15 departed
Scott William Hart
Founder or executiveChief Executive Officer · since Aug 1, 2019
Thomas Porter Keck
PartnerHead Of Portfolio Management, Partner · since Feb 1, 2002
Bendukai Edward Bouey
Platform and operationsChief Compliance Officer · since Jun 1, 2023
David Park
Platform and operationsChief Financial Officer · since Jan 1, 2024
Jason Paul Ment
Platform and operationsPresident And Co-Chief Operating Officer, Partner · since Oct 1, 2010
Jennifer Yayoi Ishiguro
Platform and operationsChief Legal Officer, Partner · since Sep 1, 2019
Jose Agustin Fernandez
Platform and operationsCo-Chief Operating Officer, Partner · since Mar 1, 2007
15 departed (kept with end dates)
- Antoinette Marie Keck · Trustee · Feb 1, 2002 to Oct 12, 2020 Inference
- Deidre Alice Buddin · Trustee · Jan 1, 2008 to Jun 30, 2021 Inference
- Monte Mack Brem · Executive Chairman · Mar 1, 2007 to Jun 28, 2024 Inference
- David Timothy Jeffrey · Partner · Dec 1, 2012 to Oct 12, 2020 Inference
- George Bruce Kaiser · Sole Member · Apr 1, 2007 to Jun 28, 2022 Inference
- James Bunker Gamett · Partner · Dec 1, 2012 to Mar 31, 2014 Inference
- Mark Maruszewski · Partner · Jan 1, 2011 to Oct 12, 2020 Inference
- Michael Ignatius Mccabe · Partner · Dec 1, 2012 to Oct 12, 2020 Inference
- Ronald Jay Rose · Partner · Sep 1, 2007 to Jun 25, 2019 Inference
- Thomas Alcott Bradley · Partner · Dec 1, 2012 to Oct 12, 2020 Inference
- John P Mcguinness · Chief Compliance Officer · Jun 1, 2019 to May 4, 2023 Inference
- Johnny Dale Randel · Chief Financial Officer, Partner · Feb 1, 2010 to Jan 18, 2024 Inference
- Robert Allen Waldo · Director · Jan 1, 2011 to Mar 31, 2014 Inference
- Scott William Hart · Member, Principal · Jul 1, 2007 to Jan 8, 2013 Inference
- Steven Ryan Mitchell · Director · Apr 1, 2007 to Mar 31, 2014 Inference
Investments on record
2 edges, 2 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| EDGE Markets, Inc. | Series A · Series A | participant | unknown | $29.2M | unknown | Jun 8, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| Upscale AI | Seed · Seed | participant | unknown | $100M | unknown | Jan 21, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
8 relationships from shared deals, counted for the whole firm
Indicator Ventures 1 shared · one timeMantis Capital Management, LLC 1 shared · one timeTiger Global 1 shared · one time · they led 1Intel Capital 1 shared · one timeMaverick Silicon 1 shared · one timeProsperity7 Ventures 1 shared · one timeMayfield 1 shared · one timePremji Invest 1 shared · one time · they led 1
Limited partners
4 disclosed
- Teachers' Retirement System of the State of Illinois amount undisclosed trsil.org
- San Diego City Employees' Retirement System in Stepstone Tactical Growth Fund II, L.P. $40.0M content.sdcers.gov
- San Diego City Employees' Retirement System in Stepstone Tactical Growth Fund, L.P. $40.0M content.sdcers.gov
- San Diego City Employees' Retirement System in Stepstone Tactical Growth Fund III, L.P. $45.0M content.sdcers.gov
Timeline
31 dated events
- Jun 2, 2025Illinois TRS lists Stepstone Group among its private equity managers
- Jun 28, 2024Monte Mack Brem (Executive Chairman) no longer on Schedule A of Stepstone Group LP
- Jan 18, 2024Johnny Dale Randel (Chief Financial Officer, Partner) no longer on Schedule A of Stepstone Group LP
- Jan 1, 2024David Park joined Schedule A of Stepstone Group LP as Chief Financial Officer
- Jun 1, 2023Bendukai Edward Bouey joined Schedule A of Stepstone Group LP as Chief Compliance Officer
- May 4, 2023John P Mcguinness (Chief Compliance Officer) no longer on Schedule A of Stepstone Group LP
- Jun 28, 2022George Bruce Kaiser (Sole Member) no longer on Schedule A of Stepstone Group LP
- Jun 30, 2021Stepstone Tactical Growth Fund III, L.P. first reported on Form ADV by Stepstone Group LP (Private Equity Fund), GAV $213,925,770Fund first reported on Form ADVFundsFactStepstone Tactical Growth Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 30, 2021Deidre Alice Buddin (Trustee) no longer on Schedule A of Stepstone Group LP
- Oct 12, 2020Mark Maruszewski (Partner) no longer on Schedule A of Stepstone Group LP
- Oct 12, 2020Thomas Alcott Bradley (Partner) no longer on Schedule A of Stepstone Group LP
- Oct 12, 2020David Timothy Jeffrey (Partner) no longer on Schedule A of Stepstone Group LP
- Oct 12, 2020Michael Ignatius Mccabe (Partner) no longer on Schedule A of Stepstone Group LP
- Oct 12, 2020Antoinette Marie Keck (Trustee) no longer on Schedule A of Stepstone Group LP
- Sep 1, 2019Jennifer Yayoi Ishiguro joined Schedule A of Stepstone Group LP as Chief Legal Officer
- Aug 1, 2019Scott William Hart joined Schedule A of Stepstone Group LP as Co-Chief Executive Officer, Partner
- Jun 25, 2019Ronald Jay Rose (Partner) no longer on Schedule A of Stepstone Group LP
- Jun 1, 2019John P Mcguinness joined Schedule A of Stepstone Group LP as Chief Compliance Officer
- Mar 30, 2017Stepstone Tactical Growth Fund II, L.P. first reported on Form ADV by Stepstone Group LP (Private Equity Fund), GAV $10,253,035Fund first reported on Form ADVFundsFactStepstone Tactical Growth Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2014Stepstone Tactical Growth Fund, L.P. first reported on Form ADV by Stepstone Group LP (Private Equity Fund), GAV $261,538Fund first reported on Form ADVFundsFactStepstone Tactical Growth Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2014James Bunker Gamett (Partner) no longer on Schedule A of Stepstone Group LP
- Mar 31, 2014Robert Allen Waldo (Director) no longer on Schedule A of Stepstone Group LP
- Mar 31, 2014Steven Ryan Mitchell (Director) no longer on Schedule A of Stepstone Group LP
- Jan 8, 2013Scott William Hart (Member, Principal) no longer on Schedule A of Stepstone Group LLC
- Dec 1, 2012Michael Ignatius Mccabe joined Schedule A of Stepstone Group LLC as Partner
- Dec 1, 2012James Bunker Gamett joined Schedule A of Stepstone Group LLC as Partner
- Dec 1, 2012Thomas Alcott Bradley joined Schedule A of Stepstone Group LLC as Partner
- Dec 1, 2012David Timothy Jeffrey joined Schedule A of Stepstone Group LLC as Partner
- Mar 29, 2012Stepstone Group LLC first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2007Deidre Alice Buddin joined Schedule A of Stepstone Group LP as Trustee Of The Fernandez Family Trust
- Feb 1, 2002Antoinette Marie Keck joined Schedule A of Stepstone Group LLC as Ttrustee
Classification history
- Sep 12, 2026Corporate venture (probable, 80%, cls-1)corporate parent: Stepstone Group Inc.
Evidence
71 observations from 4 sources