Stepstone Private Venture and Growth Fund Announces September Distribution
SPRING sets a late‑September record date and mid‑October payment window for a capital‑gains focused shareholder distribution.
Rhea-AI Summary
StepStone Private Venture and Growth Fund (STEP) will make a September distribution to shareholders of record on September 29, 2026.
The payment is expected in mid-October 2026, after determination of SPRING’s September 30, 2026 net asset value. The distribution will be based on tax-basis earnings through September 30, 2026 and is expected to consist primarily of long-term capital gains. The Fund has not yet finalized the exact amount and plans to announce it closer to the record date.
The Fund also anticipates a scheduled December 2026 distribution of any net investment income earned through December 31, 2026 and any net realized capital gains earned through October 31, 2026.
Positive
- Redemptions under 1% as of August 26, 2026, cited as low redemption levels
- Quarterly share repurchase program for up to 2.5% of outstanding shares, at Board discretion
Negative
- Fund described as a speculative investment that could result in a complete loss of capital
- Shares are illiquid and intended only for long-term investors
- No assurance of similar future distributions; distribution rate can change at Board discretion
- Fund is not obligated to redeem shares and Board may modify, suspend, or terminate the repurchase plan
Key Figures
- Record date
- September 29, 2026
- September shareholder distribution
- Expected payment
- Mid-October 2026
- Payment follows determination of September 30, 2026 NAV
- Share repurchase program
- Up to 2.5% of outstanding shares per quarter
- Subject to limitations and Board discretion
- Redemption level
- Under 1%
- As of August 26, 2026
Key Terms
net asset value financial
long-term capital gains financial
form 1099-div regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Sept. 17, 2026 (GLOBE NEWSWIRE) -- StepStone Private Venture and Growth Fund (“SPRING” or the “Fund”) announced that its Board of Trustees has approved a distribution to shareholders with a record date of September 29, 2026. The distribution is expected to be paid in mid-October 2026 after determination of SPRING’s September 30, 2026 net asset value.
The distribution will be based on the Fund’s tax basis earnings through September 30, 2026, and will represent primarily long-term capital gains.
"We are pleased to issue a September distribution to shareholders following a period of strong fund performance," said Bob Long, CEO of StepStone Private Wealth Solutions. "This distribution reflects realized gains across the portfolio, underscoring our commitment to delivering long-term value for investors. We remain encouraged by the fund’s investments in next-generation companies positioned to benefit from innovation, as well as the strong capital raise activity in 2026 and low redemption levels under
The Fund is finalizing the amounts associated with realized gains and expects to announce the exact distribution amount closer to the record date.
The Fund expects 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.
*As of August 26, 2026. On a quarterly basis, at the discretion of the Board of Trustees, SPRING offers a share repurchase program for up to
Past performance does not guarantee future results.
Important Disclosures
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.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from StepStone Private Wealth at 704.215.4300 or by visiting stepstonepw.com. An investor should read the prospectus carefully before investing.
This and other information is contained in the Fund's prospectus, which should be read carefully before investing. StepStone does not provide tax advice. Any information provided regarding tax matters is for informational purposes only and should not be construed as tax advice. Investors and prospective investors should consult their own tax advisors regarding the tax consequences of any investment or transaction. The final character of all distributions paid will be reported to investors on Form 1099‐DIV.
There is no assurance that the Fund will declare a similar distribution in any future period, and the Fund's distribution rate remains subject to change at the discretion of the Board. Past distributions are not indicative of future distributions or of Fund performance.
This press release contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the expected timing and payment of the distribution. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and the Fund undertakes no obligation to update them except as required by law.
The StepStone Private Venture and Growth Fund is registered as a diversified, closed-end management investment company structured as a tender offer fund.
SPRING is distributed by Distribution Services, LLC which is not affiliated with StepStone Group Private Wealth.
Contacts:
StepStone Private Wealth Operations
spwoperations@stepstonegroup.com
Media
Jordan Niezelski / Maggie Duffy, Edelman
StepStone@edifi-dje.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will the September 2026 distribution from SPRING be paid?
The September distribution is expected to be paid in mid-October 2026, after the Fund’s September 30, 2026 net asset value has been determined.
How will the amount of the September 2026 distribution be determined?
The distribution will be based on the Fund’s tax-basis earnings through September 30, 2026 and will represent primarily long-term capital gains. The Fund is finalizing realized gains and expects to announce the exact distribution amount closer to the record date.
What future distributions does SPRING currently expect beyond the September payment?
The Fund expects to make its scheduled distribution in December 2026 of any net investment income earned through December 31, 2026 and any net realized capital gains earned through October 31, 2026.
What key risks are highlighted for prospective investors in SPRING?
The Fund is described as a speculative investment that entails substantial risks, and an investor should invest only if able to sustain a complete loss of the investment. Fund shares are illiquid and are appropriate only as a long-term investment. Investors are advised to carefully read the prospectus for objectives, risks, charges, and expenses.
Where can investors obtain SPRING’s prospectus and more detailed information?
The prospectus is available from StepStone Private Wealth at 704.215.4300 or by visiting stepstonepw.com. The prospectus contains information on the Fund’s objectives, risks, charges, and expenses and should be read carefully before investing.
How will the tax character of SPRING’s distributions be reported to investors?
The final character of all distributions paid will be reported to investors on Form 1099-DIV. StepStone does not provide tax advice and investors are encouraged to consult their own tax advisors regarding tax consequences.