Fund database › Private Equity
StepStone Group · LU3044420266
Part II SICAV Private Equity Luxembourg Article 6 18 share classes ↓ Secondaries Co-Investments Venture Capital
Unit price (NAV) in USD · share class A USD Acc · 43 data points · not the share class named in the header
Calendar years, calculated from the NAV series
Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and the trading costs of reinvestment are not taken into account. Past performance is not a reliable indicator of future results.
These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.
| Performance 12M | 36.12% |
| Since launch p.a. | 28.60% |
Target return per the provider: No return target. PRIIPs scenarios class A USD (investment of USD 50,000) after 5 years: stress -12.06 % p.a., unfavourable +6.73 % p.a., moderate +17.01 % p.a., favourable +21.11 % p.a.; return before costs in the moderate scenario 22.98 % p.a
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 6 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.
Portfolio breakdown
Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 1.50% |
| Total ongoing costs | 2.40% |
| Entry charge max. | 0.00% |
| Redemption fee | 0.00% |
| Performance fee | 10.00% |
| Hurdle rate | 5.00% |
| High-water mark | yes |
Median across 31 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.
How you get into the fund, and on what terms.
monthly (typical)
Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.
Units can be redeemed quarterly; on each date the fund redeems at most 2.5 % of fund assets.
The gate caps redemptions at 2.5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.
Quarterly repurchase programme — 'The sub-fund is designed to offer a quarterly redemption programme.' Valuation at the NAV of the quarter-end valuation date; 'The net asset value is published within one month of the valuation date.' The general partner may suspend or defer repurchases
2.5 % — 'Up to 2.5 % of the shares in issue per quarter may be repurchased by the sub-fund'; in addition: 'provided that total redemptions in a given quarter do not exceed 2.5 % of the sub-fund's assets'. 'The repurchase procedures may be adjusted on account of regulatory requirements or liquidity constraints.'
Only the fact THAT a notice period applies is documented: 'Subject to a specified notice period, an investor may request the redemption of all or part of its units'. The length of the period is NOT quantified in the KID. In addition: NAV publication within one month of the valuation date
No minimum holding period — 'You should be prepared to stay invested for at least 5 years. This is, however, neither a minimum holding period nor a recommendation to redeem your investment after that period.' No redemption fee
18 classes known. All cost and risk figures on this page apply to LU3044420266. Minimum investment by class USD 25,000 – USD 20m.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3044420266 | basis of this page | USD 25,000 | not documented | not documented |
| LU2528864197 | documented | USD 1m | 2.40% | 6/7 |
| LU3052365510 | documented | USD 1m | not documented | not documented |
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU2528864270 | documented | USD 1m | not documented | not documented |
| LU2528864353 | documented | USD 1m | not documented | not documented |
| LU2528864437 | documented | USD 1m | not documented | not documented |
| LU2739708514 | documented | USD 1m | not documented | not documented |
| LU2553828703 | documented | USD 1m | not documented | not documented |
| LU2553828885 | documented | USD 25,000 | not documented | not documented |
| LU2773099390 | documented | USD 5m | not documented | not documented |
| LU3044420340 | documented | USD 25,000 | not documented | not documented |
| LU3044420423 | documented | USD 25,000 | not documented | not documented |
| LU3187825040 | documented | USD 25,000 | not documented | not documented |
| LU3044421074 | documented | USD 25,000 | not documented | not documented |
| LU3044421314 | documented | USD 25,000 | not documented | not documented |
| LU3044421231 | documented | USD 25,000 | not documented | not documented |
| LU3044421157 | documented | USD 25,000 | not documented | not documented |
| LU3044421405 | documented | USD 25,000 | not documented | not documented |
Who stands behind the fund, who it is authorised for — and what the figures rest on.
PRIIP manufacturer and manager of the company: StepStone Group Europe Alternative Investments Limited (SGEAIL), authorised in Ireland, supervised by the Central Bank of Ireland. Investment manager of the sub-fund: StepStone Group Private Wealth LLC (USA, SEC-registered). Registered office: 10 rue du Château d'Eau, L-3364 Leudelange, Luxembourg. The SICAV itself is CSSF-regulated
Northern Trust Global Services SE, Luxembourg
First issue of class A USD Acc on 30 Nov 2022 (monthly report 06/2026); first monthly return in December 2022 (+4.71 %).
'suitable only for investors who have knowledge and experience of investments in the financial markets and who understand private markets as an asset class, and who are prepared to invest in a product with a recommended holding period of at least five years'; sufficient means for illiquid securities and the ability to bear a total loss. This is expressly a PRIIPs KID for RETAIL INVESTORS
AT, BE, DK, FI, FR among others (18 countries)
DOUBLE CHARGING IS STRUCTURAL: SPRING Lux invests via (a) secondary interests in venture/growth funds and companies, (b) direct co-investments and (c) 'seasoned primary funds'. For the fund interests (a) and (c), management fees and carried interest of the respective VC/growth managers arise additionally at target-fund level; only the direct co-investments (b) are single-tier. Investment limits: max. 20 % per issuer, UCIs 20 % each. No feeder/master construct
All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.