Stepstone Tactical Growth Fund III, L.P.

Growth fundmanaged by Stepstone Group LP· Delaware
Vintage
2021
Reported gross assets
$474M
Form ADV, Jul 30, 2024
MatureFundraising status unknownADV: Private Equity Fund
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Ask DFX about thisView relationshipsAmountsLimited partners
As of · the latest observation of this vehicle; each figure below carries its own filing date

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

  1. 1 LP report
    public disclosures

    1 public LP report name this vehicle; the latest, San Diego City Employees' Retirement System as of 31 Mar 2026, shows $45M committed and net IRR 8.9%, 1.32x (the LP's own figures).

    A named LP and its own performance figures are the strongest outside read on a fund.

    FactPublic pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)For LPs, fund-of-fundsLimited partners →
Drawing the relationship network…
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)
Lifecycle
Mature
vintage 4 to 7 years
age years: 5first sale: n/avintage year: 2021adv gav as of: Jul 30, 2024vintage basis: ADV first reportedform d sold: n/aform d offering: n/aform d latest filed at: n/a
The fund's own reporting through time
13 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Jun 30, 2021Private Equity Fund$214M
32$100,00040%yes
Jun 30, 2021Private Equity Fund$214M
32$100,00040%yes
Oct 20, 2021Private Equity Fund$214M
32$100,00040%yes
Oct 20, 2021Private Equity Fund$214M
32$100,00040%yes
Jun 28, 2022Private Equity Fund$497M
414$100,00021%yes
May 4, 2023Private Equity Fund$497M
414$100,00021%yes
May 4, 2023Private Equity Fund$497M
414$100,00021%yes
Jun 29, 2023Private Equity Fund$444M
414$100,00021%yes
Sep 11, 2023Private Equity Fund$444M
414$100,00021%yes
Jan 18, 2024Private Equity Fund$444M
414$100,00021%yes
Jan 25, 2024Private Equity Fund$444M
414$100,00021%yes
Jun 28, 2024Private Equity Fund$474M
414$100,00021%yes
Jul 30, 2024Private Equity Fund$474M
414$100,00021%yes
Principals and agents
0 principals on Form D, 0 placement agents
No Form D related person on record.
Service providers
7 named on Form ADV Schedule D and Form D
Limited partners and their reported performance
1 public LP report
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
San Diego City Employees' Retirement System content.sdcers.gov2020$45.0M$43.8M$12.9M$45.1M8.9%1.3xMar 31, 2026
Known LPs and allocators
1 relationship, public pensions and the allocator graph, each counted once
AllocatorTypeAmountDateSource
San Diego City Employees' Retirement SystemMUNICIPAL RETIREMENT SYSTEM$45.0M
committed
reported as of Mar 31, 2026Fact Pension disclosure
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
  1. Mar 31, 2026
    SDCERS reports StepStone Tactical Growth Fund III, L.P.: $45,000,000 committed, vintage 2020, net IRR 8.9%, 1.32x
    LP commitment disclosed Fact Pension disclosure
  2. Jun 29, 2023
    Administrator changed: Apex Group replaced Sanne, first reported on the Form ADV filed June 29, 2023 (previous filing May 4, 2023)
    Administrator changed Fact Form ADV
  3. Jun 30, 2021
    Stepstone Tactical Growth Fund III, L.P. first reported on Form ADV by Stepstone Group LP (Private Equity Fund), GAV $213,925,770
    Fund first reported on Form ADV Fact Form ADV
Evidence
0 observations
Every observation on this vehicle

    Relationships across DFX

    on 3 other DFX graphs · 4 capital paths
    Across the graphs

    Stepstone Tactical Growth Fund III, L.P. is the same institution as 3 records in Allocators, Private Equity and RIA and Wealth.

    Allocators1Private Equity1RIA and Wealth1

    DFX found 3 relationships across 3 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…

    Capital chain

    Stepstone Tactical Growth Fund III, L.P. sits on 4 traced paths of capital across the graphs.

    Allocator to VC fund to manager to company

    DFX traced 4 paths of capital through this record

    Every record on each path, what it committed or lent, and as of when.

    Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

    Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

    Checking your plan…

    Record history

    2 dated events on the change ledger, latest event first
    • LP commitment disclosed
      2026-03-31source on record
    • Fund first reported on ADV
      2021-06-30source on record

    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.