StepStone Group LP discloses 43.2% stake in StepStone Private Infrastructure Fund
StepStone Group LP filed a Schedule 13D disclosing that it owns 1,007.20 common shares, representing 43.2% of StepStone Private Infrastructure Fund, with sole voting and dispositive power. The reporting person stated it acquired the shares for investment purposes and reserved the right to evaluate strategic alternatives, including potential acquisitions, dispositions, communications with the board and management, and engagement of advisors. StepStone Group Private Wealth LLC, a wholly-owned business of the reporting person, serves as the issuer's investment adviser, and StepStone Group Real Assets LP serves as investment sub-adviser under an agreement effective May 24, 2023.
Key facts
- StepStone Group LP owns 1,007.20 shares (43.2% of class)
- Sole voting power: 1,007.20 shares
- Sole dispositive power: 1,007.20 shares
- Shares acquired for investment purposes
- StepStone Group Private Wealth LLC is Issuer's investment adviser
- StepStone Group Real Assets LP is Issuer's investment sub-adviser
- Sub-Advisory Agreement effective May 24, 2023
- Sub-Adviser receives 50% of management fee paid to Adviser
- Management fee to Adviser: 1.60% of Issuer's average daily net assets annually
Why it matters
The disclosure reveals significant control and influence by StepStone Group LP over the fund's operations through both equity ownership and investment advisory arrangements, with the reporting person reserving rights to pursue strategic alternatives.
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Derived from SCHEDULE 13D filed 2026-06-05. Not investment advice. View the source filing on SEC.gov →