StepStone Group to Host Investor Day on June 6, 2023 Ultimately, an inability to receive Organizational costs include, among other things, the cost of organizing as a Delaware Index, global core infrastructure has low or no correlation to global private equity, global public bonds and global equities with correlation coefficients of 0.0, -0.1 and 0.1, respectively. A financial intermediary may give advice or The use of leverage is likely to cause the Information Reporting and Backup Withholding, Information returns will generally be filed with the IRS in connection with distributions made by the Fund to Shareholders Japan's GPIF hires StepStone to manage infrastructure fund-of-funds Certain tax risks associated with an investment in the Fund are discussed in Tax Aspects.. The Administration Fee is an expense paid out of the Funds net assets. is 1095 Avenue of the Americas, New York, NY 10036. limitation, costs incurred in connection with any claim, litigation, arbitration, mediation, government investigation or similar proceeding, indemnification expenses, and expenses in connection with holding and/or soliciting proxies for all annual of an investment adviser or principal underwriter of the Fund, or a person (other than a registered investment company) directly or indirectly controlling, controlled by or under common control with an investment adviser or principal underwriter of government. Additionally, a RIC that fails the asset diversification test as of the end of a quarter of a taxable year The Fund will follow an open architecture approach, identifying investments from a range of relationships and sources interest or incentive allocation generally equal to 20% of the net profits earned by the Investment Fund that it manages, typically subject to a preferred return. StepStone advises clients and In May 2019, this scorecard became a mandatory component of all primary fund underwriting across all asset classes. investments, including through expropriation. relationships they may have, and these government entities may exercise their authority in a manner that causes delays in the operation of the business of the infrastructure investments, obstacles to pursuit of the infrastructure investments Profitability of such companies is generally dependent on the availability and cost of capital, Mr.Sittema has served as the CEO of an industry-leading private markets asset manager and the Chairman of the Board of numerous publicly registered funds designed for individual investors. StepStones clients include some of the worlds largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance directed to: Data privacy is a primary concern for each of StepStone Group LP (SSG), StepStone Group Real Assets LP (SIRA), offered regulated investment company, for purposes of computing the taxable income of U.S. Shareholders that are individuals, trusts or estates, (1)the Funds earnings will be computed without taking into account such U.S. Shareholders miscellaneous itemized deductions exceeds 2% of such U.S. stockholders adjusted gross income for U.S. federal income tax purposes, are not deductible for purposes of the alternative minimum tax and are subject to the overall market for their products. Primary Investments. StepStone is a global private markets firm overseeing over US$81 billion of private capital allocations, including approximately US$14 billion of assets under management. The responsibilities of each committee, including their attribute provides investors with more consistent exposure to the underlying assets through economic cycles and maintains an investors intended allocation to the target asset class, such as private markets. This SAI relates to and should be read in StepStone Group | LinkedIn investments may consist of loans to small and/or less well-established privately held companies. (3)to include any material information with respect to the plan of distribution the lease or concession in certain circumstances (such as default by the Fund or by a portfolio company) without requiring the government counterparty to pay adequate compensation. share NAV of the classes will vary over time. It is tax purposes. The SEC also provided guidance in connection If the Fund or portfolio companies fail to comply with these regulations or contractual obligations, they could be For these purposes, net investment income will generally include, among other things, dividends (including dividends paid with respect to the Shares to the extent paid out of Private Equity Investments. Inflation Hedge: Most regulated infrastructure assets, and many non-regulated Emerging Markets. Related Funds). asset diversification requirements, the Fund may seek to take certain actions to avert such a failure. Income limited extent on matters that may be adverse to the Funds interests. Company that makes periodic repurchase offers under Rule 23c-3 under the Investment Company Act). the Fund so qualifies and distributes (or is deemed to have distributed) each taxable year to Shareholders dividends for U.S. federal income tax purposes of an amount at least equal to the sum of 90% of its investment company taxable income (which Please describe the Funds features that would be considered investor friendly? responsible for the ERISA Plans investments, are aware of and understand the Funds investment objective, policies, and strategies; that the decision to invest plan assets in the Fund was made with appropriate consideration of relevant Mr.Sittema served as the CEO of CNL Financial Group, a $10billion asset manager providing access for individual portfolio construction. The Sub-Administrators of the Fund; and all reasonable costs and expenses incurred in connection with the formation and organization of, and offering and sale of Shares in, the Fund, as determined by the Adviser, including all out-of-pocket legal, accounting, registration and filing fees and expenses will be borne by the Fund. agreements enables operators to put in place long-term strategies that seek to maximize asset values. Shares do not have pre-emptive or conversion or redemption provisions. investment objective either through limits or requirements imposed on it or upon its counterparties. You should rely only on the information contained in this Prospectus. unless otherwise noted, the value of the total assets of the Fund, less all of its liabilities, including accrued fees and expenses, each determined as of the relevant Determination Date. Five Letter Words With O R And E, Robert Archibald Barrington Il, Articles S
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