StepStone Private Venture and Growth Fund Announces Distribution in October
News related to:StepStone Private Venture and Growth Fund · 1 min read
NEW YORK, Sept. 17, 2026 /CourierPR/ -- StepStone Private Venture and Growth Fund, a closed-end management investment company, has announced plans to distribute earnings to its shareholders. The distribution, which is expected to be paid in mid-October 2026, will be based on the Fund’s tax basis earnings through September 30, 2026, and will primarily consist of long-term capital gains.
According to Bob Long, CEO of StepStone Private Wealth Solutions, the distribution reflects the Fund’s strong performance over the period.
The Fund’s Board of Trustees has approved the distribution with a record date set for September 29, 2026.
StepStone Private Venture and Growth Fund plans to make its scheduled distribution in December 2026 of the net investment income, if any, earned through December 31, 2026, and net realized capital gains, if any, earned through October 31, 2026. The Fund is also finalizing the amounts associated with realized gains and expects to announce the exact distribution amount closer to the record date.
The Fund is structured as a tender offer fund and is registered as a diversified, closed-end management investment company. It offers a share repurchase program for up to 2.5% of the Fund’s outstanding shares per quarter, subject to limitations. The Fund is not obligated to redeem any shares and the Board may modify, suspend, or terminate the plan at any time.
StepStone Private Venture and Growth Fund advises that an investment in the Fund involves risks. The Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if it can sustain a complete loss of its investment. Fund shares are illiquid and appropriate only as a long-term investment.