StepStone Climate Fund
StepStone Climate Fund is a private equity fund based in Munsbach, Luxembourg. According to its most recent Form D, filed Feb 14, 2025, it has sold $42,764,000 of interests to 11 investors since its first sale in Feb 2024. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include David Jeffrey; Bhavika Vyas; StepStone Climate (GP), SARL.
- Total raised
- $42,764,000Cumulative sales reported on Form D
- Investors
- 11
- First sale
- Feb 23, 2024
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- David Jeffrey; Bhavika Vyas; StepStone Climate (GP), SARL
- Latest Form D
- Feb 14, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about StepStone Climate Fund
What is the minimum investment for StepStone Climate Fund?
StepStone Climate Fund's latest Form D, filed Feb 14, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in StepStone Climate Fund?
StepStone Climate Fund is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has StepStone Climate Fund raised?
StepStone Climate Fund reports $42,764,000 sold from 11 investors on its Form D filed Feb 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is StepStone Climate Fund based?
StepStone Climate Fund is based in Munsbach, Luxembourg and is managed by Stepstone Group LP.
When did StepStone Climate Fund launch?
StepStone Climate Fund reports its first sale in Feb 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 55% of the 585 private equity funds based in Luxembourg, and more than 62% of all 9,142 that report sales.
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