DFX Intelligence
Stepstone Master G, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
HarvestClosed to new capitalADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
3 additional principals, 4 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- +57%reported GAV
Reported gross assets rose from $967M to $1.52B between the Form ADV filings of 30 Jul 2024 and 30 Jul 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2017basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $100Mwhat may be sold, not what was raised; file 021-283837, sworn by the adviser or filed under this vehicle
- Form D sold
- $100Mas of the filing of Mar 31, 2017, 1 investor
- First sale
- Mar 16, 2017
- Reported GAV
- $1.5Bon the Form ADV filed Jul 30, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 2
- Reported on ADV
- Mar 19, 2019 to Jul 30, 2026
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Closed to new capital
Form D filed or amended 2017-03-31: the stated $100.0M offering reported fully sold (fr-1)
evidence dated Mar 31, 2017.
LifecycleHarvest
vintage over 7 years, still reported
age years: 9first sale: Mar 16, 2017vintage year: 2017adv gav as of: Jul 30, 2026vintage basis: Form d first saleform d sold: $100Mform d offering: $100Mform d latest filed at: Mar 31, 2017
The fund's own reporting through time
20 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 19, 2019 | Venture Capital Fund | $101M | 2 | $1.0M | 1% | yes | |
| Mar 26, 2019 | Venture Capital Fund | $101M | 2 | $1.0M | 1% | yes | |
| Apr 25, 2019 | Venture Capital Fund | $101M | 2 | $1.0M | 1% | yes | |
| Aug 13, 2019 | Venture Capital Fund | $101M | 2 | $1.0M | 1% | yes | |
| Aug 14, 2019 | Venture Capital Fund | $101M | 2 | $1.0M | 1% | yes | |
| Nov 11, 2019 | Venture Capital Fund | $101M | 2 | $1.0M | 1% | yes | |
| Mar 19, 2020 | Venture Capital Fund | $370M | 2 | $1.0M | 1% | yes | |
| Mar 29, 2021 | Venture Capital Fund | $372M | 2 | $1.0M | 1% | yes | |
| Oct 1, 2021 | Venture Capital Fund | $372M | 2 | $1.0M | 1% | yes | |
| Oct 1, 2021 | Venture Capital Fund | $372M | 2 | $1.0M | 1% | yes | |
| Jun 28, 2022 | Venture Capital Fund | $739M | 2 | $1.0M | 1% | yes | |
| May 4, 2023 | Venture Capital Fund | $739M | 2 | $1.0M | 1% | yes | |
| May 4, 2023 | Venture Capital Fund | $739M | 2 | $1.0M | 1% | yes | |
| Jun 29, 2023 | Venture Capital Fund | $887M | 2 | $1.0M | 1% | yes | |
| Sep 11, 2023 | Venture Capital Fund | $887M | 2 | $1.0M | 1% | yes | |
| Jan 18, 2024 | Venture Capital Fund | $887M | 2 | $1.0M | 1% | yes | |
| Jan 25, 2024 | Venture Capital Fund | $887M | 2 | $1.0M | 1% | yes | |
| Jun 28, 2024 | Venture Capital Fund | $967M | 2 | $1.0M | 1% | yes | |
| Jul 30, 2024 | Venture Capital Fund | $967M | 2 | $1.0M | 1% | yes | |
| Jul 30, 2026 | Venture Capital Fund | $1.5B | 2 | $1.0M | 1% |
Principals and agents
6 principals on Form D, 2 placement agents
- Lindsay Ashton Redfield Executive Officer
- Greenspring SK GP, LLC Director
- Eric Ashton Thompson Executive Officer
- VCP Advisors LLC placement agent
- Diversus Investment Advisers Pty Ltd. placement agent
Service providers
7 named on Form ADV Schedule D and Form D
- AuditorEY · NEW YORK, New York, United StatesForm ADV filed Jul 30, 2026 reports.adviserinfo.sec.gov
- AdministratorVIRIDIS FUND SOLUTIONS · OWINGS MILLS, Maryland, United StatesForm ADV filed Jul 30, 2026 reports.adviserinfo.sec.gov
- CustodianALEX BROWN · NEW YORK, New York, United StatesForm ADV filed Jul 30, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
- Jun 28, 2024Auditor changed: EY replaced PwC, first reported on the Form ADV filed June 28, 2024 (previous filing January 25, 2024)Auditor changed Fact Form ADV
- Mar 19, 2019Greenspring Master G, L.P. first reported on Form ADV by Greenspring Associates, Inc. (Venture Capital Fund), GAV $100,500,000Fund first reported on Form ADV Fact Form ADV
- Mar 31, 2017Greenspring SK Special, L.P. filed Form D: $100,000,000 sold of $100,000,000, Private Equity FundForm D filed Fact Form D
Evidence
16 observations
Every observation on this vehicle
- Entity type: Limited Partnership Mar 31, 2017 Fact Form D
- Form D fund type: Private Equity Fund Mar 31, 2017 Fact Form D
- Form D industry group: Pooled Investment Fund Mar 31, 2017 Fact Form D
- Amendment: false Mar 31, 2017 Fact Form D
- Revenue range (Form D): Not Applicable Mar 31, 2017 Fact Form D
- Incorporated: withinFiveYears Mar 31, 2017 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Mar 31, 2017 Fact Form D
- Amount sold (Form D): $100M Mar 31, 2017 Fact Form D
- Offering amount (Form D): $100M Mar 31, 2017 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Mar 31, 2017 Fact Form D
- First sale: 2017-03-16 Mar 31, 2017 Fact Form D
- Investors (Form D): 1 Mar 31, 2017 Fact Form D
- Minimum investment (Form D): 0 Mar 31, 2017 Fact Form D
- Securities offered: pooled Mar 31, 2017 Fact Form D
- Office address: Mar 31, 2017 Fact Form D
- Year of incorporation: 2016 Mar 31, 2017 Fact Form D
Relationships across DFX
on 2 other DFX graphs
Across the graphs
Stepstone Master G, L.P. is the same institution as 2 records in RIA and Wealth and Private Equity.
RIA and Wealth1Private Equity1
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Record history
1 identity change, 3 dated events on the change ledger, latest event first
- Fund folded2026-09-14
- Fund first reported on ADV2019-03-19source on record
- Fund first reported on ADV2018-03-08source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.