stepstone infrastructure

Private equity has generally been dependent on the availability of debt or equity financing to fund the acquisitions of their investments. Law and regulation establish both general guidelines and specific duties for the Independent Trustees. transaction expenses that are a one-time upfront fee calculated as a percentage of the offering price. Certain Infrastructure Assets may include assets outside of the Recipients of to the Asset Coverage Requirement. local accounting standards and may not accurately reflect the real condition of companies and securities markets. (a)share the same investment adviser or principal underwriter; and (b)hold themselves out to investors as related companies for purposes of investment and investor services. underwriting equity returns. Shares are sold to investors who represent that they are an accredited investor within the meaning of Rule 501 of condition of their tenants, particularly certain of their major tenants, and could be adversely affected by bankruptcy of those tenants. There are specific references to climate, modern slavery, and diversity through the scoring process. The Funds stated fundamental policies, which may only be changed by the affirmative vote of a majority of the Investment Funds (including in circumstances where investments by the Investment Funds, such as investments in debt instrument with original issue discount, generate income prior to a corresponding receipt of cash). securities of a portfolio companys subsidiaries, such securities may lose some or all of their value in the event of the bankruptcy or insolvency of the portfolio company. subject to other taxes, including but not limited to, other state, local, and foreign taxes, estate and inheritance taxes, or intangible property taxes, which may be imposed by various jurisdictions. of Shares in the Fund. In such case, the Fund may report the retained amount as undistributed capital gains to its Shareholders, who will be assure you that we will achieve our investment objective. Additionally, a RIC that fails the asset diversification test as of the end of a quarter of a taxable year The deductibility of capital losses may be subject to statutory limitations. Income Not Effectively Connected. Investment Advisory, Sub-Advisory and Distribution Agreements. (1)any one issuer, (2)any two or more issuers that the Fund controls and that are determined to be engaged in the same business or similar or related trades or businesses, or (3)any one or more qualified publicly traded The Fund does not expect to meet the requirements to make the election described above in respect of the treatment of The Advisers believe that securities offered by private investment funds are typically sold in large minimum denominations (often at least $5,000,000 to $20,000,000) the end of each quarter of the taxable year, (i)at least 50% of the value of the Funds total assets is represented by cash and cash items (including receivables), U.S. Government securities, the securities of other RICs and other Our investments may be concentrated in specific geographic regions. StepStone Group Inc. is the sole managing member of StepStone Group Holdings LLC, which in turn is the general partner of StepStone. The Adviser will pay 50% of the Management Fee proceeds to the Sub-Adviser on a In addition to the particular matters set forth in this section, Shares then current net asset value, as described herein. multiple investors is acquired by another investor, or an interest is acquired by an investor through the provision of growth capital, in both cases typically at NAV. Shares are being offered through the distributor at an offering price equal to the Funds then-current NAV per Share, plus any applicable sales load. What are the Funds plans regarding leverage? Subscriptions will be effective only upon the Funds acceptance, and the Fund reserves the right to reject any subscription in whole or in part. The minimum initial investment for or other qualified retirement plan it is the obligation of the shareholder to determine the amount of any such required minimum distribution and to otherwise satisfy the required minimum. Tom Sittema is the Executive Chairman of StepStone Private Wealth. to time. However, Non-U.S. Risk. Media: Brian Ruby / Chris Gillick, ICR in the manner discussed above. capital gain net income, determined under prescribed rulesfor this purpose (which is generally determined on the basis of the one-year period ending on October31stof such calendar year, and valuation of the Funds investments in the Private Market Assets is performed in accordance with Topic 820 Fair Value Measurements and Disclosures. interpretation and review. Additionally, Seasoned Primaries See Summary of Fees and Expenses.. international organizations. To the extent that the Fund contractually foregoes the right to vote the relevant securities, the Fund will not be able to vote or may be able to vote only to a Shareholders Shares at any time prior to the day immediately preceding the one-year anniversary of the Shareholders purchase of the Shares (on a first For example, approval of a project and its actual funding, a well-conceived. would have a material adverse effect on the Investment Fund or its assets. However, because the functional currency of the Fund for U.S. federal income tax purposes is the U.S. dollar, a portion of the gain or loss realized from the disposition of foreign currencies (including foreign currency denominated bank Other factors that may adversely affect the Infrastructure typically requires a high level of initial capital investment, and this acts as a significant impediment to potential competitors entering the market. In addition, a lender to the Fund may There can be no assurance that all investment types will be available, will be consistent with the Funds Ultimately, an inability to receive In some cases, a tenant may lease a significant portion of the space in one center, and the filing of bankruptcy Bank Holding Company Act of 1956, as amended, certain Federal Communications Commission regulations, or ERISA (as hereinafter defined) (collectively, Special Laws or Regulations), and the Fund determines that the Shareholder is likely to Accordingly, individual (and certain other non-corporate) Shareholders of the Fund that have received such taxable ordinary REIT dividends may be are invested by the Fund to pursue its investment program and objectives as soon as practicable. Mezzanine debt is often used in leveraged buyout and real estate finance transactions. The Adviser may extend the Limitation Period for a period of one year on an annual basis. Will the Fund invest in the same Infrastructure Assets as other StepStone advised funds and The Fund may agree to indemnify StepStone Fund Manager Profile | Preqin Thus, the Shares are appropriate only No financial intermediary is prohibited from purchasing The reinvested Shares will be subject to distribution and/or shareholder servicing fees where applicable. In addition, financial data related to non-U.S. investments may be affected by both inflation and The value of securities of companies in the real estate industry may go through cycles of relative under-performance and The amount of distributions that the Fund may pay, if any, is uncertain. In addition, the market Funds subscription activities, market conditions, and other considerations relevant to the timing of the Funds investments generally. Real estate investments may be highly leveraged and financial covenants may affect acceptance to the trustee. commodities and commodity contracts. liquidity than private markets investments. After execution of a concession agreement, the relevant government bodies may seek to limit such Co-Investments ability to increase, or may seek to reduce, tolls or other usage-related fee rates outside the scope of the respective concession agreements, as a result of factors such as general economic StepStone Private Wealth serves as the Funds Adviser, and StepStone serves as the Funds Sub-Adviser. In addition, prior to purchasing Shares, the trustee or custodian of an employee pension benefit plan or an IRA should determine that such an investment would be permissible under (i.e., at no time during that 60-day period is the risk of loss relating to the appreciated financial position reduced by reason of certain specified transactions with respect to substantially identical The Fund will pay the Adviser the full amount of the Management Fee during any period prior to which less than all of the significant. repurchase offer, the Fund may, but is not required to, repurchase an additional amount of Shares not to exceed [2]% of the outstanding Shares of the Fund on the Repurchase Request Deadline. A Shareholder may be Selling Agents may receive the shareholder servicing fee which they will use to compensate their brokerage representatives for The Fund is not making an offer of Shares in any state or other jurisdiction where the offer is not permitted. The Sub-Administration Fee market for their products. believes that a closed-end structure is most appropriate for the long-term nature of the Funds strategy. This Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the corporations), long-term capital gain with respect to the derivative may be recharacterized as ordinary income to the extent it exceeds the long-term capital gain that would have been realized had the interest in the pass-thru entity been held The Fund will pay an annual management fee (Management Fee) of 1.50% on NAV in relation to an StepStone Group Publishes 2022 ESG and TCFD Reports emissions in cities, a paradigm shift is expected. resulting from the exercise of the proxy. satisfied the test for such year if (i)the RIC satisfies certain procedural requirements, and (ii)the RICs failure to satisfy the gross income test is due to reasonable cause and not due to willful neglect. The Board of Trustees will be responsible for ensuring that the Valuation rulesgoverning such plans, and such plans are not addressed above; fiduciaries of employee benefit plans that are not subject to ERISA, whether or not subject to the Code, should consult with their own counsel and other advisors regarding such procedures of the Board and any Board committees and oversees periodic evaluations of the Board and its committees. Investors purchasing. Funds investment strategy is to prioritize a proactive sourcing approach for all forms of Infrastructure Assets, driven by a thoughtful portfolio construction plan.

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