StepStone Climate Fund Parallel, LP
StepStone Climate Fund Parallel, LP is a private equity fund based in La Jolla, California. According to its most recent Form D, filed Feb 14, 2025, it has sold $49,474,000 of interests to 14 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; Michael Cronin; Suzanne Tavill.
- Total raised
- $49,474,000Cumulative sales reported on Form D
- Investors
- 14
- 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; Michael Cronin; Suzanne Tavill
- 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 Parallel, LP
What is the minimum investment for StepStone Climate Fund Parallel, LP?
StepStone Climate Fund Parallel, LP'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 Parallel, LP?
StepStone Climate Fund Parallel, LP 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 Parallel, LP raised?
StepStone Climate Fund Parallel, LP reports $49,474,000 sold from 14 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 Parallel, LP based?
StepStone Climate Fund Parallel, LP is based in La Jolla, California and is managed by Stepstone Group LP.
When did StepStone Climate Fund Parallel, LP launch?
StepStone Climate Fund Parallel, LP 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 82% of the 1,777 private equity funds based in California, and more than 63% of all 9,142 that report sales.