StepStone Private Infrastructure Fund

STRUCTURE Lux

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Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

StepStone (Luxembourg) SCA SICAV – StepStone Private Infrastructure Fund

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:

2023

Inception Date:

Sep 27, 2023

Size:

$248.1M (as of Feb 28, 2026)

No. of Investments:

250 (as of Feb 28, 2026)

Administrator:

Northern Trust Global Services SE

Investor Eligibility Segments:

Institutional, Professional / Accredited

Permitted Distribution Countries:

Austria, Belgium, Denmark, Finland, France

Strategy

STRUCTURE Lux invests primarily in private, non-governmental infrastructure assets globally, with a focus on North America and Europe. It builds a diversified core-plus and value-add real asset portfolio across sectors including data and communications, transport, renewables, utilities, social infrastructure and natural capital, mainly through secondary interests, co-investments and primary infrastructure funds. Select allocations may be made to adjacent private real estate, private equity and private debt.

Asset Classes:

Infrastructure

Strategy:

Core Plus (Infra), Value Add (Infra)

Underlying Investment Type:

Secondaries

Geographic Focus Region:

Global

Geographic Focus:

North America, Europe, Rest of World

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Data & Communications, Transport, Renewables, Midstream, Social infrastructure, Utilities, Conventional Power, Natural Capital, Decarbonisation Infrastructure, Communication and digital infrastructure

Other Focus:

ESG Investment Focus

Leverage Limits Summary:

Fund-level borrowings via credit facility up to 33⅓% of gross assets; AIFMD leverage capped at 200% (gross/commitment basis).

Investment Limits Summary:

No more than 20% of assets per issuer or UCI; unlisted transferable securities capped at 10% of assets.

Performance

for E - USD - Accumulating share class

Total Returns (% Net of Fees)

Net returns (since inception)	E - USD - Accumulating
Total Return	45.7%
Annualized Return	16.3%
Best Month	(Oct 2023)6.2%
Worst Month	(Dec 2024)-1%
Risk metrics (since inception)
Volatility	5.1%
Sharpe Ratio (4.3% risk-free)	2.37

Yearly returns (since inception)

Allocations

Asset Class allocation

Asset Class

as of Feb 28, 2026Include liquidity sleeve

Target

Asset Class

as of Feb 28, 2026

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Asset Class

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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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Over time

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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Over time

Geography

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Sector allocation

Sector

as of Jan 31, 2026Include liquidity sleeve

Target

Sector

as of Jan 31, 2026

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Over time

Sector

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Key terms

for E - USD - Accumulating share class

Share Class

Minimum Subsribtion:

25,000

Currency:

USD

Distribution Type:

Accumulating

Investor Type:

Internal

ISIN:

LU2677665684

Liquidity

Gate:

5% of fund outstanding shares per quarter.

Gate Level:

Fund level shares outstanding

Redemption Frequency:

Quarterly

Redemption Basis:

Quarter-end NAV per Share as of the Valuation Date (generally last Wednesday of each quarter)

Subscribtion Frequency:

Weekly

Subscribtion Basis:

NAV per Share as of the Valuation Date for the relevant Subscription Dealing Day

Fees

Management Fee:

0.00%

Management Fee Basis:

N/A

Performance Fee:

0.00%

Performance Fee Basis:

N/A

Hurdle rate:

0.00%

Catch-up:

0.00%

Front load (subscription):

0.00%

Back load (redemption):

0.00%

May levy up to 2% of order value for excessive trading.

Servicing fee:

0.00%

Management Fee:	0.00%
Management Fee Basis:	N/A
Performance Fee:	0.00%
Performance Fee Basis:	N/A
Hurdle rate:	0.00%
Catch-up:	0.00%
Front load (subscription):	0.00%
Back load (redemption):	0.00%	May levy up to 2% of order value for excessive trading.
Servicing fee:	0.00%

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
E - USD - Accumulating	25,000	USD	-	Accumulating	Internal	LU2677665684	-
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 Infrastructure Fund?

StepStone Private Infrastructure Fund is an evergreen Lux UCI fund focused on Infrastructure and managed by StepStone Group.

Who manages StepStone Private Infrastructure Fund?

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

How big is StepStone Private Infrastructure Fund?

StepStone Private Infrastructure Fund has a size of $248.1M.

What type of fund is StepStone Private Infrastructure Fund?

StepStone Private Infrastructure Fund is an open-ended / evergreen Lux UCI fund investing in infrastructure and domiciled in Luxembourg.

When was StepStone Private Infrastructure Fund launched?

StepStone Private Infrastructure Fund was launched on Sep 27, 2023 and is structured as a Lux SICAV (S.C.A.) vehicle with a perpetual-life term.

Where is StepStone Private Infrastructure Fund domiciled and regulated?

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

Data transparency

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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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