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.
Funds / Stepstone Tactical Growth Fund III, L.P.
Stepstone Tactical Growth Fund III, L.P.
Amounts, each with its basis
- Vintage
- 2021basis: adv first reported
- 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
- unknownwhat may be sold, not what was raised
- Form D sold
- unknown
- First sale
- unknown
- Reported GAV
- $474Mon the Form ADV filed Jul 30, 2024; the fund's assets, never its size or dry powder
- Owners (ADV)
- 414
- Reported on ADV
- Jun 30, 2021 to Jul 30, 2024
Fundraising evidence
Unknown
no Form D or close on record (fr-1)
A 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.
Lifecycle
Mature
vintage 4 to 7 years
age years: 5first sale: n/avintage year: $2,021adv gav as of: 2024-07-30vintage basis: adv_first_reportedform d sold usd: n/aform d offering usd: n/aform d latest filed at: n/a
The fund's own reporting through time
13 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2021 | Private Equity Fund | $214M | 32 | $100,000 | 40% | yes | |
| Jun 30, 2021 | Private Equity Fund | $214M | 32 | $100,000 | 40% | yes | |
| Oct 20, 2021 | Private Equity Fund | $214M | 32 | $100,000 | 40% | yes | |
| Oct 20, 2021 | Private Equity Fund | $214M | 32 | $100,000 | 40% | yes | |
| Jun 28, 2022 | Private Equity Fund | $497M | 414 | $100,000 | 21% | yes | |
| May 4, 2023 | Private Equity Fund | $497M | 414 | $100,000 | 21% | yes | |
| May 4, 2023 | Private Equity Fund | $497M | 414 | $100,000 | 21% | yes | |
| Jun 29, 2023 | Private Equity Fund | $444M | 414 | $100,000 | 21% | yes | |
| Sep 11, 2023 | Private Equity Fund | $444M | 414 | $100,000 | 21% | yes | |
| Jan 18, 2024 | Private Equity Fund | $444M | 414 | $100,000 | 21% | yes | |
| Jan 25, 2024 | Private Equity Fund | $444M | 414 | $100,000 | 21% | yes | |
| Jun 28, 2024 | Private Equity Fund | $474M | 414 | $100,000 | 21% | yes | |
| Jul 30, 2024 | Private Equity Fund | $474M | 414 | $100,000 | 21% | yes |
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Limited partners and their reported performance
1 public LP report
| LP | Vintage (LP’s) | Committed | Paid in | Distributed | Remaining value | Net IRR | Multiple | As of |
|---|---|---|---|---|---|---|---|---|
| San Diego City Employees' Retirement System content.sdcers.gov | 2020 | $45.0M | $43.8M | $12.9M | $45.1M | 8.9% | 1.3x | Mar 31, 2026 |
Each 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).
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
2 events
- Mar 31, 2026SDCERS reports StepStone Tactical Growth Fund III, L.P.: $45,000,000 committed, vintage 2020, net IRR 8.9%, 1.32xLP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
- 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 ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Evidence
0 observations