StepStone VC Secondaries Fund VII-K LP amended its exempt offering notice on September 1, 2026, for an offering amount of $1,590,045,571. The private-equity fund’s limited-partner interests are offered indefinitely, with quarterly management fees based on commitments and possible placement-agent payments.

Key Highlights

  • The offering has an indefinite duration.
  • The fund is classified as a pooled private Equity Investment fund.
  • An affiliate will receive a quarterly management fee based on commitments.

StepStone VC Secondaries Fund VII-K LP filed an exempt offering amendment on September 1, 2026, covering an offering amount of $1,590,045,571. The limited Partnership interests are being offered and sold by the fund, StepStone VC Secondaries Fund VII LP, parallel funds and feeder entities.

Indefinite Offering Covers Private Equity Interests

Its general partner is StepStone VC Secondaries GP VII LLC. The offering period is indefinite. The filing lists Morgan Stanley Smith Barney LLC, Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. in its sales-compensation information, along with Leader Private Capital Ltd, Gresham Partners Capital Limited, Leader Private Funds Ltd and Capital Advisory Partners New Zealand Limited. The fund’s interests are offered across all states.

Quarterly Management Fee Applies

Lindsay Redfield, a StepStone partner, signed the amendment for StepStone VC Secondaries Fund VII-K LP. The named StepStone partners serving 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.