N-2 - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | | |
Sep. 30, 2024 | Mar. 31, 2024 | Mar. 31, 2023 | [1] |
Cover [Abstract] | | | | |
Entity Central Index Key | | 0001918642 | | |
Amendment Flag | | false | | |
Document Type | | N-CSRS | | |
Entity Registrant Name | | StepStone Private Venture and Growth Fund | | |
Financial Highlights [Abstract] | | | | |
Senior Securities [Table Text Block] | | For the For the For the Per Share Operating Performance: Net Asset Value per share, beginning of period $ 36.71 $ 30.13 $ 25.00 Activity from investment operations: Net investment income (loss) 1 (0.56 ) (1.34 ) (0.70 ) Net realized and unrealized gain (loss) 3.00 7.92 5.83 Total from investment operations 2.44 6.58 5.13 Net Asset Value per share, end of period 2 $ 39.15 $ 36.71 $ 30.13 Net Assets, end of period (in thousands) $ 726,892 $ 439,238 $ 185,844 Ratios to average net assets 3 Net investment income (loss) 4 (1.85 )% (4.02 )% (1.74 )% Gross expenses 5 3.13 % 6.26 % 6.18 % Adviser expense recoupment (reimbursement) 5 0.07 % (0.14 )% (1.12 )% Management fees voluntarily waived 6 — % (0.20 )% (0.79 )% Net expenses 5 3.20 % 5.92 % 4.27 % Total return 2,7,8 6.65 % 21.84 % 20.52 % Portfolio turnover rate 9 0.04 % 0.19 % 0.05 % Senior Securities: Total borrowings (in thousands) $ — $ — $ 30,000 Asset coverage per $1,000 unit of senior indebtedness 10 N/A N/A 7,222 * 1 2 3 4 5 6 7 8 9 -term 10 For the For the For the Per Share Operating Performance: Net Asset Value per share, beginning of period $ 36.51 $ 30.08 $ 25.00 Activity from investment operations: Net investment income (loss) 1 (0.58 ) (1.52 ) (0.19 ) Net realized and unrealized gain (loss) 2.99 7.95 5.27 Total from investment operations 2.41 6.43 5.08 Net Asset Value per share, end of period 2 $ 38.92 $ 36.51 $ 30.08 Net Assets, end of period (in thousands) $ 8,337 $ 3,210 $ 754 Ratios to average net assets 3 Net investment income (loss) 4 (1.93 )% (4.51 )% (0.33 )% Gross expenses 5 3.32 % 6.53 % 4.92 % Adviser expense recoupment (reimbursement) 5 — % 0.04 % (0.75 )% Management fees voluntarily waived 6 — % (0.17 )% (0.88 )% Net expenses 5 3.32 % 6.40 % 3.28 % Total return 2,7,8 6.60 % 21.38 % 20.32 % Portfolio turnover rate 9 0.04 % 0.19 % 0.05 % Senior Securities: Total borrowings (in thousands) $ — $ — $ 30,000 Asset coverage per $1,000 unit of senior indebtedness 10 N/A N/A 7,222 * 1 2 3 4 5 6 7 8 9 -term 10 For the For the For the Per Share Operating Performance: Net Asset Value per share, beginning of period $ 36.41 $ 30.08 $ 25.00 Activity from investment operations: Net investment income (loss) 1 (0.70 ) (2.12 ) (0.83 ) Net realized and unrealized gain (loss) 2.96 8.45 5.91 Total from investment operations 2.26 6.33 5.08 Net Asset Value per share, end of period 2 $ 38.67 $ 36.41 $ 30.08 Net Assets, end of period (in thousands) $ 280,053 $ 61,841 $ 30 Ratios to average net assets 3 Net investment income (loss) 4 (2.66 )% (5.99 )% (2.49 )% Gross expenses 5 3.90 % 8.01 % 7.80 % Adviser expense recoupment (reimbursement) 5 — % — % (2.09 )% Management fees voluntarily waived 6 — % (0.01 )% (0.78 )% Net expenses 5 3.90 % 8.00 % 4.94 % Total return 2,7,8 6.21 % 21.04 % 20.32 % Portfolio turnover rate 9 0.04 % 0.19 % 0.05 % Senior Securities: Total borrowings (in thousands) $ — $ — $ 30,000 Asset coverage per $1,000 unit of senior indebtedness 10 N/A N/A 7,222 * 1 2 3 4 5 6 7 8 9 -term 10 For the For the For the Per Share Operating Performance: Net Asset Value per share, beginning of period $ 36.41 $ 30.08 $ 25.00 Activity from investment operations: Net investment income (loss) 1 (0.73 ) (1.47 ) (0.83 ) Net realized and unrealized gain (loss) 2.99 7.80 5.91 Total from investment operations 2.26 6.33 5.08 Net Asset Value per share, end of period 2 $ 38.67 $ 36.41 $ 30.08 Net Assets, end of period (in thousands) $ 220 $ 109 $ 30 Ratios to average net assets 3 Net investment income (loss) 4 (2.68 )% (4.43 )% (2.49 )% Gross expenses 5 3.51 % 7.13 % 7.80 % Adviser expense recoupment (reimbursement) 5 0.58 % (0.48 )% (2.09 )% Management fees voluntarily waived 6 — % (0.23 )% (0.78 )% Net expenses 5 4.09 % 6.42 % 4.94 % Total return 2,7,8 6.21 % 21.04 % 20.32 % Portfolio turnover rate 9 0.04 % 0.19 % 0.05 % Senior Securities: Total borrowings (in thousands) $ — $ — $ 30,000 Asset coverage per $1,000 unit of senior indebtedness 10 N/A N/A 7,222 * 1 2 3 4 5 6 7 8 9 -term 10 | | |
General Description of Registrant [Abstract] | | | | |
Investment Objectives and Practices [Text Block] | | StepStone Private Venture and Growth Fund (“Fund”) was organized as a Delaware statutory trust under the Delaware Statutory Trust Act on March 4, 2022 (“Inception”) and is registered under the Investment Company Act of 1940, as amended, as a non -diversified -end -3 The Fund offers Class I Shares, Class D Shares, Class S Shares and Class T Shares (together, “Shares”) to eligible investors (“Shareholders”). The Shares are offered in a continuous registered public offering with subscriptions accepted on a monthly basis at the then -current-month The Board provides broad oversight over the Fund’s investment program, management and operations and has the right to delegate management responsibilities. StepStone Group Private Wealth LLC serves as the Fund’s investment adviser (“Adviser”). The Adviser oversees the management of the Fund’s day -to-day -adviser -Adviser -to-day The Fund’s investment objective is to achieve long -term | | |
Risk Factors [Table Text Block] | | An investment in the Fund involves material risks, including performance risk, liquidity risk, business and financial risk, risks associated with the use of leverage, valuation risk, tax risk and other risks that should be carefully considered prior to investing and investing should only be considered by persons financially able to maintain their investment and who can afford a loss of a substantial part or all of such investment. | | |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | | | |
Capital Stock [Table Text Block] | | The Fund offers four separate classes of shares of beneficial interest designated as Class I Shares, Class D Shares, Class S Shares and Class T Shares. Each class of Shares is subject to different fees and expenses. The minimum initial investment in Class I Shares by an investor in the Fund is $1.0 million. The minimum initial investment in Class D Shares, Class S Shares and Class T Shares by an investor is $50,000. The minimum initial investment may be reduced at the Adviser’s discretion. Investors purchasing Class S Shares and Class T Shares may be charged a sales load up to a maximum of 3.50% and investors purchasing Class D Shares may be charged a sales load up to a maximum of 1.50%. Investors purchasing Class I Shares are not charged a sales load. The Fund accepts initial and additional purchases of Shares as of the first business day of each calendar month at the Fund’s then -current Shareholders may exchange shares from one class to another for an equivalent NAV amount of that share class. The following table summarizes the Capital Share transactions for the six months ended September 30, 2024 and the fiscal year ended March 31, 2024: For the Six Months Ended For the Year Ended Shares Dollar Shares Dollar Class I Proceeds from shares issued 6,676,108 $ 250,866,217 5,807,404 $ 193,234,285 Reinvestment of distributions — — — — Repurchase of shares (73,724 ) (2,837,621 ) (14,118 ) (516,166 ) Exchange of shares 2,509 100,705 3,215 108,765 Net increase (decrease) 6,604,893 $ 248,129,301 5,796,501 $ 192,826,884 Class D Proceeds from shares issued 132,527 $ 4,875,000 62,190 $ 2,050,000 Reinvestment of distributions — — — — Repurchase of shares — — — — Exchange of shares (6,230 ) (232,516 ) 660 17,815 Net increase (decrease) 126,297 $ 4,642,484 62,850 $ 2,067,815 Class S Proceeds from shares issued 5,541,619 $ 207,731,802 1,699,031 $ 58,938,930 Reinvestment of distributions — — — — Repurchase of shares (3,741 ) (140,415 ) — — Exchange of shares 5,714 204,186 (1,491 ) (52,236 ) Net increase (decrease) 5,543,592 $ 207,795,573 1,697,540 $ 58,886,694 Class T Proceeds from shares issued 4,681 $ 170,000 4,397 $ 142,375 Reinvestment of distributions — — — — Repurchase of shares — — — — Exchange of shares (1,996 ) (72,375 ) (2,401 ) (74,344 ) Net increase (decrease) 2,685 $ 97,625 1,996 $ 68,031 The Adviser intends to recommend to the Board, subject to the Board’s discretion, that the Fund offer a quarterly share repurchase program where the total aggregate amount of Share repurchases will be up to 2.50% of the Fund’s outstanding Shares each quarter. In the event that Shareholders, in the aggregate, submit for repurchase more than the number of Shares that the Fund will offer to repurchase, the Fund may repurchase the Shares on a pro rata basis, which may result in the Fund not honoring the full amount of a Share repurchase requested by a Shareholder. Any repurchase of Shares which have been held for less than one year by a Shareholder, as measured through the date of redemption, will be subject to an early repurchase fee equal to 2.00% of the NAV of the Shares repurchased by the Fund. The Fund has no obligation to repurchase Shares at any time; any such repurchases will only be made at such times, in such amounts and on such terms as may be determined by the Board of Trustees, in its sole discretion. | | |
Security Dividends [Text Block] | | The minimum initial investment in Class I Shares by an investor in the Fund is $1.0 million. The minimum initial investment in Class D Shares, Class S Shares and Class T Shares by an investor is $50,000. The minimum initial investment may be reduced at the Adviser’s discretion. Investors purchasing Class S Shares and Class T Shares may be charged a sales load up to a maximum of 3.50% and investors purchasing Class D Shares may be charged a sales load up to a maximum of 1.50%. | | |
Class I Shares [Member] | | | | |
Financial Highlights [Abstract] | | | | |
Senior Securities Amount | | | | $ 30,000 |
Senior Securities Coverage per Unit | [2] | | | |
General Description of Registrant [Abstract] | | | | |
NAV Per Share | | $ 39.15 | | |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | | | |
Outstanding Security, Authorized [Shares] | | 18,568,505 | | |
Class D Shares [Member] | | | | |
Financial Highlights [Abstract] | | | | |
Senior Securities Amount | | | | 30,000 |
Senior Securities Coverage per Unit | [2] | | | |
General Description of Registrant [Abstract] | | | | |
NAV Per Share | | $ 38.92 | | |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | | | |
Outstanding Security, Authorized [Shares] | | 214,220 | | |
Class S Shares [Member] | | | | |
Financial Highlights [Abstract] | | | | |
Senior Securities Amount | | | | 30,000 |
Senior Securities Coverage per Unit | [2] | | | |
General Description of Registrant [Abstract] | | | | |
NAV Per Share | | $ 38.67 | | |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | | | |
Outstanding Security, Authorized [Shares] | | 7,242,133 | | |
Class T Shares [Member] | | | | |
Financial Highlights [Abstract] | | | | |
Senior Securities Amount | | | | $ 30,000 |
Senior Securities Coverage per Unit | [2] | | | |
General Description of Registrant [Abstract] | | | | |
NAV Per Share | | $ 38.67 | | |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | | | | |
Outstanding Security, Authorized [Shares] | | 5,681 | | |
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[1]The Class commenced operations on November 1, 2022.[2]Calculated by subtracting the Fund’s total liabilities (not including borrowings) from the Fund’s total assets and dividing this by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness. | |