StepStone Private Markets

SPRIM Lux

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Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

StepStone (Luxembourg) SCA SICAV – StepStone Private Markets

Manager:

StepStone Group

Website:

https://www.stepstonegroup.com/

Fundraising Status:

Open

Domicile:

Luxembourg

Legal Form:

Lux SICAV (S.C.A.)

Regulatory Regimes:

Lux UCI (Part II), EU AIF

Term:

Perpetual-Life

Base Currency:

USD

Launch Year:

2022

Inception Date:

Sep 30, 2022

Size:

$370M (as of Feb 28, 2026)

No. of Investments:

700 (as of Feb 28, 2026)

Administrator:

Northern Trust Global Services SE

Investor Eligibility Segments:

Institutional, Professional / Accredited

Permitted Distribution Countries:

Austria, Belgium, Chile, Denmark, Finland

Strategy

SPRIM Lux invests across global private markets, allocating mainly to private equity with complementary real assets and private debt exposure. The fund builds a diversified portfolio of secondary fund interests, co-investments alongside GPs, and select primary fund commitments, targeting North American and European companies, projects and properties across sectors, with allocation tools used to balance long‑term capital appreciation, income generation and liquidity.

Asset Classes:

Private Equity

Strategy:

Diversified (PE)

Underlying Investment Type:

Secondaries

Geographic Focus Region:

North America

Geographic Focus:

North America, Europe

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Information Technology, Industrials, Health Care, Financials, Consumer Discretionary, Communication Services, Materials, Consumer Staples

Other Focus:

ESG Investment Focus

Leverage Limits Summary:

Leverage capped at 33⅓% of gross assets; AIFMD leverage maximum 200% (gross and commitment methods).

Investment Limits Summary:

Max 20% of assets per issuer or UCI; ≤10% of securities of same type; ≤10% in unlisted securities.

Performance

for A (USD) share class

Total Returns (% Net of Fees)

Net returns (since inception)	A (USD)
Total Return	17.2%
Annualized Return	6.2%
Best Month	(Nov 2023)4.5%
Worst Month	(Aug 2023)-3.2%
Risk metrics (since inception)
Volatility	5.6%
Sharpe Ratio (4.3% risk-free)	0.33

Yearly returns (since inception)

Allocations

Underlying Investment Type allocation

Underlying Investment Type

as of Feb 28, 2026Include liquidity sleeve

Target

Underlying Investment Type

as of Feb 28, 2026

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Underlying Investment Type

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Geography allocation

Geography

as of Feb 28, 2026Include liquidity sleeve

Target

Geography

as of Feb 28, 2026

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Geography

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Asset Class allocation

Asset Class

as of Feb 28, 2026Include liquidity sleeve

Target

Asset Class

as of Feb 28, 2026

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Over time

Asset Class

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Sector allocation

Sector

as of Jan 31, 2026

Target

Sector

as of Jan 31, 2026

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Sector

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Key terms

for A (USD) share class

Share Class

Minimum Subsribtion:

$1M

Currency:

USD

Inception Date:

Jul 3, 2023

Distribution Type:

Accumulating

Investor Type:

Institutional

ISIN:

LU2485281252

Liquidity

Gate:

5% of Compartment's outstanding shares.

Gate Level:

Fund level outstanding shares

Redemption Frequency:

Quarterly

Redemption Basis:

NAV per Share as of the relevant quarterly Valuation Date (last Wednesday of each quarter).

Subscribtion Frequency:

Weekly

Subscribtion Basis:

NAV per Share of the relevant Class calculated on the Valuation Date for the Subscription Dealing Day.

Fees

Management Fee:

1.40%

Payable monthly in arrear.

Management Fee Basis:

NAV

Includes any repurchased assets.

Performance Fee:

0.00%

Performance Fee Basis:

N/A

Front load (subscription):

0.00%

Back load (redemption):

0.00%

Servicing fee:

0.00%

Management Fee:	1.40%	Payable monthly in arrear.
Management Fee Basis:	NAV	Includes any repurchased assets.
Performance Fee:	0.00%
Performance Fee Basis:	N/A
Front load (subscription):	0.00%
Back load (redemption):	0.00%
Servicing fee:	0.00%

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
A (USD)	1,000,000 USD	USD	2023-07-03	Accumulating	Institutional	LU2485281252	-
Class B eg	250,000 EUR	EUR	15 Mar 2018	Accumulating	Institutional	LU1987654321	FUND B LX
Class C Example	500,000 USD	USD	01 Jun 2019	Distributing	Professional	IE0123456789	FUND C ID
Class D eg.	100,000 GBP	GBP	22 Sep 2020	Accumulating	Institutional	GB00ABCDEF12	FUND D LN
Class E Example	25,000 EUR	EUR	03 Jan 2021	Distributing	Retail	LU9988776655	FUND E LX
Class F Example	1,000,000 USD	USD	10 Nov 2017	Accumulating	Institutional	US1234567890	FUND F US

FAQ

What is StepStone Private Markets?

StepStone Private Markets is an evergreen Lux UCI fund focused on Private Equity and managed by StepStone Group.

Who manages StepStone Private Markets?

StepStone Private Markets is managed by StepStone Group, based in New York, New York, United States.

How big is StepStone Private Markets?

StepStone Private Markets has a size of $370M.

What type of fund is StepStone Private Markets?

StepStone Private Markets is an open-ended / evergreen Lux UCI fund investing in private equity and domiciled in Luxembourg.

When was StepStone Private Markets launched?

StepStone Private Markets was launched on Sep 30, 2022 and is structured as a Lux SICAV (S.C.A.) vehicle with a perpetual-life term.

Where is StepStone Private Markets domiciled and regulated?

StepStone Private Markets is domiciled in Luxembourg under Lux UCI (Part II) and EU AIF.

Data transparency

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Borgline continuously monitors fund manager communications, regulatory filings, and other primary data sources and updates fund records whenever new or corrected information is released.

How does Borgline ensure data accuracy?

Borgline's analyst team cross-checks key figures across independent documents and updates the database only when data is confirmed against the latest, most authoritative disclosures.

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