StepStone Private Venture and Growth Fund
Consolidated Schedule of Investments (Unaudited)
June 30, 2024
Investments | Asset Class | Acquisition Date | Fair Value | |||||
Primary Direct Investments - 19.7% 1,2,3,4 | ||||||||
Europe - 2.8% | ||||||||
Monzo Bank Holding Group Limited (1,076,128 common shares)*,5,6 | Venture Capital | 03/05/2024 | $ | 19,612,009 | ||||
Total Europe | 19,612,009 | |||||||
North America - 11.9% | ||||||||
AcuityMD, Inc. (229,474 preferred shares)*,5 | Venture Capital | 04/12/2024 | 1,268,142 | |||||
ASA4 LLC* | Venture Capital | 06/12/2024 | 8,900,000 | |||||
Creatio Inc. (7,609 preferred shares)*,5 | Venture Capital | 06/10/2024 | 778,806 | |||||
CRV Select II-V, LP* | Venture Capital | 05/06/2024 | 9,630,590 | |||||
Cube Planning Inc. (277,368 preferred shares)*,5 | Venture Capital | 12/15/2023 | 1,431,302 | |||||
Cyware Labs, Inc. (16,739 preferred shares)*,5 | Venture Capital | 11/08/2023 | 188,612 | |||||
Duplocloud, Inc. (153,459 preferred shares)*,5 | Venture Capital | 11/01/2023 | 1,361,273 | |||||
Hello Cake, Inc. ($4,150,000 principal amount, 8.00%, 12/31/2025)5 | Venture Capital | 02/15/2024 | 4,150,000 | |||||
NEA CH SPV, L.P.* | Venture Capital | 05/09/2024 | 1,950,986 | |||||
Overhaul Group, Inc. (830,940 preferred shares)*,5 | Venture Capital | 02/01/2023 | 17,577,954 | |||||
Rasa Technologies Inc. (361,126 preferred shares)*,5 | Venture Capital | 12/06/2023 | 1,651,249 | |||||
Redpoint Omega IV-C, L.P.* | Venture Capital | 06/28/2024 | 2,224,814 | |||||
RPIII FB Co-Invest LLC*,7 | Growth Equity | 03/02/2023 | 4,004,048 | |||||
Standvast Holdings, LLC (714,776 preferred shares)*,5 | Venture Capital | 07/14/2023 | 729,072 | |||||
Teamshares Inc. (5,714 preferred shares)*,5 | Venture Capital | 06/20/2024 | 436,131 | |||||
ThreatLocker, Inc. (286,919 preferred shares)*,5 | Venture Capital | 04/08/2024 | 12,371,947 | |||||
Transcend Inc. (265,808 preferred shares)*,5 | Venture Capital | 12/29/2023 | 2,785,641 | |||||
unitQ inc. (614,975 preferred shares)*,5 | Venture Capital | 04/19/2024 | 2,536,280 | |||||
X.AI CORP. (793,651 preferred shares)*,5 | Venture Capital | 05/10/2024 | 9,500,002 | |||||
Total North America | 83,476,849 | |||||||
Rest of World - 5.0% | ||||||||
KA CT, LLC*,5,8 | Venture Capital | 01/02/2024 | 2,190,000 | |||||
KiranaKart Pte. Ltd. (37,305 preferred shares)*,5 | Venture Capital | 08/24/2023 | 21,815,125 | |||||
Lyka Wellness Pty Ltd (26,069 preferred shares)*,5,6 | Venture Capital | 04/25/2023 | 2,604,205 | |||||
Rei do Pitaco Limited*,5 | Venture Capital | 06/28/2024 | 2,850,000 | |||||
Zencity Technologies Ltd. (575,444 preferred shares)*,5 | Venture Capital | 05/15/2024 | 5,852,957 | |||||
Total Rest of World | 35,312,287 | |||||||
Total Primary Direct Investments (Cost $118,431,971) | 138,401,145 | |||||||
Primary Investment Funds - 0.5%1,2,3,4 | ||||||||
North America - 0.5% | ||||||||
Silas Capital Partners II, L.P.*,9 | Venture Capital | 03/15/2024 | 3,330,633 | |||||
Total North America | 3,330,633 | |||||||
Total Primary Investment Funds (Cost $2,513,908) | 3,330,633 |
StepStone Private Venture and Growth Fund
Consolidated Schedule of Investments (Unaudited) (continued)
June 30, 2024
Investments | Asset Class | Acquisition Date | Fair Value | |||||
Secondary Investments - 56.9%1,2,3,4 | ||||||||
Europe - 0.7% | ||||||||
Monzo Bank Holding Group Limited (302,038 common shares)*,5,6 | Venture Capital | 05/03/2024 | $ | 4,583,125 | ||||
Total Europe | 4,583,125 | |||||||
North America - 56.0% | ||||||||
137 Holdings AI II, LLC* | Venture Capital | 02/21/2024 | 15,644,008 | |||||
137 Holdings SXXI, LLC* | Venture Capital | 03/18/2024 | 14,431,732 | |||||
AH Parallel Fund IV-Q, L.P.*,8 | Venture Capital | 07/01/2023 | 226,894 | |||||
Amaranth DC Holdings, LP* | Growth Equity | 02/23/2024 | 13,997,456 | |||||
Andreessen Horowitz Fund IV-Q, L.P.*,8 | Venture Capital | 07/01/2023 | 667,978 | |||||
Anduril Industries, Inc. (18,799 common shares)*,5 | Venture Capital | 05/14/2024 | 408,626 | |||||
Ardent GB Holdings, LP* | Venture Capital | 03/21/2024 | 2,670,000 | |||||
Backend Capital, a series of Backend Capital, LP* | Venture Capital | 08/29/2023 | 1,310,899 | |||||
Betaworks Ventures 1.0, LP*,9 | Venture Capital | 01/24/2023 | 24,421,723 | |||||
Betaworks Ventures 2.0, LP*,9 | Venture Capital | 01/24/2023 | 2,819,640 | |||||
Betaworks Ventures 3.0, LP *,8,9 | Venture Capital | 01/24/2023 | 785,150 | |||||
Boldstart Opportunities I L.P.* | Venture Capital | 04/17/2024 | 495,809 | |||||
Boldstart Ventures II L.P.* | Venture Capital | 06/30/2024 | 4,269,559 | |||||
Boldstart Ventures III L.P.* | Venture Capital | 04/17/2024 | 2,111,437 | |||||
BuildOps, Inc. (222,285 preferred shares)*,5 | Venture Capital | 09/27/2023 | 252,293 | |||||
Charles River Partnership XIV, LP*,6 | Venture Capital | 06/30/2023 | 65,088 | |||||
Charles River Partnership XV, LP*,6,9 | Venture Capital | 06/30/2023 | 1,107,620 | |||||
Charles River Partnership XVI, LP*,6,9 | Venture Capital | 06/30/2023 | 5,785,828 | |||||
CNK Fund IV, L.P. *,8,9 | Venture Capital | 12/31/2023 | 10,639,041 | |||||
CNK Seed Fund I, L.P.*,8,9 | Venture Capital | 12/31/2023 | 1,963,267 | |||||
Columbia Capital Equity Partners VI (QP), L.P.*,8 | Venture Capital | 06/30/2023 | 313,286 | |||||
Columbia Capital Equity Partners VII (QP), L.P.*,8,9 | Growth Equity | 08/04/2023 | 258,185 | |||||
Contentful Global, Inc. (74,057 preferred shares)*,5 | Venture Capital | 06/13/2023 | 970,147 | |||||
Conversion Capital Fund II, LP*,9 | Venture Capital | 09/30/2023 | 55,998 | |||||
Craft Ventures Affiliates II, L.P. * | Venture Capital | 06/30/2023 | 354,639 | |||||
Craft Ventures Growth I, L.P.*,9 | Venture Capital | 06/30/2023 | 172,051 | |||||
Craft Ventures III, L.P.*,9 | Venture Capital | 06/30/2023 | 178,586 | |||||
Creatio Inc. (32,501 preferred shares)*,5 | Venture Capital | 06/10/2024 | 3,326,585 | |||||
Creatio Inc. (8,805 common shares)*,5,9 | Venture Capital | 06/10/2024 | 901,221 | |||||
Cube Planning Inc. (15,142 preferred shares)*,5 | Venture Capital | 01/29/2024 | 78,137 | |||||
Cyware Labs, Inc. (78,769 common shares)*,5 | Venture Capital | 11/08/2023 | 754,418 | |||||
DST Global IX, L.P.*,9 | Venture Capital | 10/01/2023 | 6,804,035 | |||||
DST Global VI, L.P.* | Venture Capital | 10/01/2023 | 6,001,123 | |||||
DST Global VII, L.P.*,9 | Venture Capital | 10/01/2023 | 19,586,547 | |||||
DST Global VIII, L.P.*,9 | Venture Capital | 10/01/2023 | 9,465,632 | |||||
DST Investments XXI, L.P.* | Venture Capital | 10/01/2023 | 644,823 | |||||
DSTG VII Investments-1, L.P.* | Venture Capital | 10/01/2023 | 611,410 |
StepStone Private Venture and Growth Fund
Consolidated Schedule of Investments (Unaudited) (continued)
June 30, 2024
Investments | Asset Class | Acquisition Date | Fair Value | |||||
Secondary Investments (continued) | ||||||||
North America (continued) | ||||||||
DSTG VII Investments-4, L.P.* | Venture Capital | 10/01/2023 | $ | 210,708 | ||||
Duplocloud, Inc. (22,133 preferred shares)*,5 | Venture Capital | 11/01/2023 | 196,333 | |||||
Elephant Partners 2023 SPV-A, L.P.* | Venture Capital | 05/19/2023 | 2,758,701 | |||||
Elephant Partners I, L.P.*,9 | Venture Capital | 04/12/2024 | 695,349 | |||||
Elephant Partners II, L.P. *,9 | Venture Capital | 04/12/2024 | 754,371 | |||||
Elephant Partners III, L.P.*,9 | Venture Capital | 04/12/2024 | 585,239 | |||||
Elephant Partners IV, L.P.*,9 | Venture Capital | 04/12/2024 | 328,631 | |||||
Felicis Ventures VI, L.P.*,8,9 | Venture Capital | 11/04/2022 | 19,193,646 | |||||
Felicis Ventures VII, L.P.*,9 | Venture Capital | 11/04/2022 | 14,790,141 | |||||
Fika Ventures - A, L.P.* | Venture Capital | 01/09/2024 | 214,790 | |||||
Fika Ventures, L.P.* | Venture Capital | 06/27/2023 | 2,738,103 | |||||
Five Elms III Apptegy CV, L.P.*,9 | Growth Equity | 12/20/2023 | 22,384,071 | |||||
GlossGenius, Inc. (11,136 common shares)*,5 | Venture Capital | 11/16/2023 | 282,909 | |||||
Greenoaks Capital MS LP - Jenner II Series*,9 | Venture Capital | 06/06/2024 | 23,164,166 | |||||
Group 11 Fund VI, L.P.* | Venture Capital | 12/22/2023 | 1,495,527 | |||||
Hildred Perennial Partners I, LP*,9 | Venture Capital | 12/22/2023 | 4,474,932 | |||||
Insight Partners Continuation Fund II, L.P.*,9 | Growth Equity | 03/31/2023 | 23,989,603 | |||||
Lightspeed Venture Partners Select II, L.P.*,6,9 | Venture Capital | 12/30/2022 | 862,303 | |||||
Lightspeed Venture Partners Select IV, L.P.*,6,9 | Venture Capital | 12/30/2022 | 1,858,237 | |||||
Lightspeed Venture Partners X, L.P.*,6,9 | Venture Capital | 12/30/2022 | 3,054,874 | |||||
Lightspeed Venture Partners XI, L.P.*,6,9 | Venture Capital | 12/30/2022 | 2,370,733 | |||||
Lightspeed Venture Partners XII, L.P. *,6,9 | Venture Capital | 12/30/2022 | 2,649,799 | |||||
Lightspeed Venture Partners XIII, L.P.*,6,9 | Venture Capital | 12/30/2022 | 1,979,240 | |||||
Lightspeed W-I, LLC* | Venture Capital | 03/26/2024 | 14,977,527 | |||||
Lux Ventures IV, L.P.* | Venture Capital | 06/30/2023 | 1,029,726 | |||||
March Capital Opportunity Fund II, L.P.* | Venture Capital | 09/30/2023 | 69,475 | |||||
March Capital Partners Fund II, L.P.* | Venture Capital | 09/30/2023 | 60,139 | |||||
Maroon Investors, L.P. *,9 | Growth Equity | 07/14/2023 | 8,831,919 | |||||
Nexus Ventures VI, L.P. *,9 | Venture Capital | 08/28/2023 | 197,688 | |||||
Orkila Growth Fund III, LP *,6,9 | Growth Equity | 09/29/2023 | 3,318,376 | |||||
Orkila Growth Fund IV, LP*,6,9 | Growth Equity | 09/29/2023 | — | |||||
Outreach Corporation (225,367 common shares)*,5 | Venture Capital | 06/14/2023 | 1,802,939 | |||||
Primary Select Fund II, L.P.* | Venture Capital | 04/28/2023 | 771,183 | |||||
PVP SGSS I, LLC*,9 | Venture Capital | 12/18/2023 | 5,360,095 | |||||
PVP SGSS I-A, LLC*,9 | Venture Capital | 12/18/2023 | 5,988,447 | |||||
SG VC Fund II, L.P.* | Venture Capital | 12/05/2023 | 12,173,660 | |||||
Shasta Ventures V, L.P.*,9 | Venture Capital | 06/30/2024 | 7,678,576 | |||||
Silas-MBM LLC* | Venture Capital | 02/12/2024 | 1,407,606 | |||||
Solutions By Text Holdco Inc. (268,109 common shares)*,5 | Venture Capital | 05/16/2024 | 1,730,435 | |||||
Space Exploration Technologies Corp. (57,743 common shares)*,5 | Venture Capital | 04/26/2024 | 6,467,216 |
StepStone Private Venture and Growth Fund
Consolidated Schedule of Investments (Unaudited) (continued)
June 30, 2024
Investments | Asset Class | Acquisition Date | Fair Value | |||||
Secondary Investments (continued) | ||||||||
North America (continued) | ||||||||
Teamshares Inc. (17,142 preferred shares)*,5 | Venture Capital | 09/27/2023 | $ | 1,308,392 | ||||
ThreatLocker, Inc. (425,493 preferred shares)*,5 | Venture Capital | 04/08/2024 | 18,347,258 | |||||
Thrive Capital Partners VIII Growth-B, LLC* | Growth Equity | 03/17/2023 | 14,047,716 | |||||
Vacation Inc. (1,061,681 preferred shares)*,5 | Venture Capital | 02/12/2024 | 3,198,070 | |||||
Total North America | 394,349,720 | |||||||
Rest of World - 0.2% | ||||||||
KiranaKart Pte. Ltd. (720 preferred shares)*,5 | Venture Capital | 06/04/2024 | 421,040 | |||||
KiranaKart Pte. Ltd. (866 common shares)*,5 | Venture Capital | 01/08/2024 | 506,417 | |||||
Lyka Wellness Pty Ltd (7,809 preferred shares)*,5,6 | Venture Capital | 05/02/2024 | 780,093 | |||||
Total Rest of World | 1,707,550 | |||||||
Total Secondary Investments (Cost $295,811,860) | 400,640,395 | |||||||
Public Securities - 0.0% | ||||||||
Europe - 0.0% | ||||||||
Wise plc (2,102 common shares)*,8 | Public Securities | 06/13/2024 | 18,114 | |||||
Total Europe | 18,114 | |||||||
North America - 0.0% | ||||||||
Maplebear, Inc. (530 common shares)*,8 | Public Securities | 05/10/2024 | 17,034 | |||||
Total North America | 17,034 | |||||||
Total Public Securities (Cost $38,550) | 35,148 | |||||||
Short-Term Investments - 7.3% | ||||||||
Fidelity Investments Money Market Government Portfolio - Class I, 5.21% (51,694,474 shares)10,11 | 51,694,474 | |||||||
Total Short-Term Investments (Cost $51,694,474) | 51,694,474 | |||||||
Total Investments - 84.4% (Cost $468,490,763) | $ | 594,101,795 | ||||||
Other assets in excess of liabilities - 15.6% | 109,841,391 | |||||||
Net Assets - 100.0% | $ | 703,943,186 |
StepStone Private Venture and Growth Fund
Consolidated Schedule of Investments (Unaudited) (continued)
June 30, 2024
* | Investment is non-income producing. |
1 | Geographic region generally reflects the location of the investment manager. |
2 | Investments do not issue shares or hold outstanding principal, except where noted. Terms shares and units are used interchangeably. |
3 | Investments do not allow redemptions or withdrawals except at discretion of its general partner, manager or advisor and the final distribution date is not known at this time, except where noted. |
4 | Private investments are generally issued in private placement transactions and as such are generally restricted as to resale. There are no circumstances that could cause a lapse in the restriction to resale. Each investment may have been purchased on various dates and for different amounts. The date of the first purchase is reflected under acquisition date as shown in the Consolidated Schedule of Investments. Total fair value of restricted investments as of June 30, 2024 was $542,372,173, or 77.1% of net assets. As of June 30, 2024, the aggregate cost of each investment restricted to sale was $19,474,041, $1,268,142, $8,900,000, $778,806, $9,630,590, $1,431,302, $188,612, $1,361,273, $4,150,000, $1,950,986, $10,416,248, $1,651,249, $2,224,814, $4,000,000, $729,072, $436,131, $10,753,236, $2,785,645, $2,536,280, $9,500,002, $2,190,000, $11,099,998, $2,272,587, $2,850,000, $5,852,957, $2,513,908, $4,556,179, $12,465,695, $12,699,000, $180,894, $13,714,662, $375,668, $432,377, $2,670,000, $689,809, $5,221,432, $1,811,935, $825,000, $249,020, $2,779,371, $1,037,434, $229,865, $98,930, $768,773, $4,532,389, $1,204,571, $790,901, $248,861, $195,699, $970,147, $45,522, $174,577, $72,412, $81,415, $3,326,585, $901,221, $57,947, $754,418, $6,012,001, $2,445,264, $9,201,268, $5,217,393, $281,117, $253,192, $58,052, $157,067, $2,762,710, $513,786, $563,549, $387,439, $251,255, $16,896,718, $13,114,974, $148,054, $1,580,718, $18,274,583, $282,909, $23,164,166, $1,600,000, $3,278,074, $18,050,000, $710,487, $1,092,376, $2,505,415, $1,844,812, $1,721,395, $1,422,630, $13,394,055, $615,724, $42,628, $34,781, $9,249,358, $100,664, $1,746,070, $3,383, $1,802,939, $551,523, $4,218,932, $4,665,732, $5,485,964, $5,346,757, $830,000, $1,730,435, $5,601,071, $1,308,392, $15,946,754, $10,888,611, $3,198,070, $214,543, $210,180 and $671,181, respectively, totaling $416,757,739. |
5 | The fair value of the investment was determined using significant unobservable inputs. |
6 | All or a portion of this security is held by SPRING Cayman II LLC. |
7 | All or a portion of this security is held by SPRING I LLC - Series A. |
8 | All or a portion of this security is held by SPRING Cayman LLC. |
9 | Investment has been committed to but has not been fully funded by the Fund. |
10 | The rate reported is the 7-day effective yield at the period end. |
11 | The audited financial statements of the fund can be found at sec.gov. |