Tender Offer - StepStone Private Markets
Form Type: SC TO-I/A
Filing Date: 2025-06-04
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525134268
Filing Summary: This document is a final amendment to the Issuer Tender Offer Statement filed under Rule 13e-4, related to an offer made by StepStone Private Markets to purchase up to 5% of its outstanding shares of beneficial interest. The offer was first published on February 7, 2025, and shareholders were required to submit their tenders by 4:00 p.m. on March 14, 2025. The net asset values for the tendered shares were calculated as of March 14, 2025, amounting to $60,239,597.24 for Class I Shares, $418,945.97 for Class D Shares, and $5,444,001.13 for Class S Shares. Payments were made to shareholders whose tenders were accepted, at 100% of their unaudited net asset value, with remittances completed by March 18, 2025. This amendment also corrects the previously reported net asset value of Class I Shares.
Additional details:
Date Tender Offer First Published: 2025-02-07
Tender Submission Deadline: 2025-03-14
Valuation Date: 2025-03-14
Net Asset Value Class I: 60239597.24
Net Asset Value Class D: 418945.97
Net Asset Value Class S: 5444001.13
Payment Date: 2025-03-18
Form Type: SC TO-I
Filing Date: 2025-05-12
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525117903
Filing Summary: StepStone Private Markets is initiating a tender offer to repurchase shares from its shareholders. The offer begins on May 12, 2025, and allows for the purchase of up to 5% of the outstanding shares based on the net asset value calculated on the Valuation Date. Shareholders must provide notice of their intent to tender by June 16, 2025. The document details important dates, including the Commencement Date, Notice Date, Tender Withdrawal Date, and Valuation Date. It outlines the process for tendering shares, the rights of shareholders to withdraw their tenders, and the potential tax implications of participating in the offer. Shareholder participation is governed by the conditions specified in the Fund's Prospectus dated October 30, 2024.
Additional details:
Prior Nav Calculation Date: 2025-04-30
Commencement Date: 2025-05-12
Notice Date: 2025-06-16
Tender Withdrawal Date: 2025-06-16
Valuation Date: 2025-06-16
Maximum Shares To Be Repurchased: 5%
Form Type: SC TO-I
Filing Date: 2025-02-07
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525022748
Filing Summary: StepStone Private Markets initiated a tender offer on February 7, 2025, for the purchase of up to 5% of the outstanding shares of the Fund from shareholders. This offer affects shares classified as Class S, Class D, and Class I, amounting to a total of 71,855,731 shares from which shareholders can tender. The net asset value (NAV) for the shares will be calculated on the Valuation Date, set for March 14, 2025, the same day by which shareholders must provide notice to tender their shares. The document outlines the terms of the offer, including key dates, the share price determination method (based on NAV), and the ability for shareholders to withdraw tender requests until the Tender Withdrawal Date, also March 14, 2025. The Fund reserves the right to extend the offer period and has retained various rights regarding the acceptance and cancellation of the offer. Shareholders are informed that the tender offer is subject to various terms that could result in conditions affecting their share ownership and potential tax implications of sales.
Additional details:
Title Of Class Of Securities: shares of beneficial interest
Cusip Number: N/A
Prior Nav Calculation Date: 2025-01-31
Commencement Date: 2025-02-07
Notice Date: 2025-03-14
Tender Withdrawal Date: 2025-03-14
Valuation Date: 2025-03-14
Aggregate Net Asset Value: 3985666343
Number Of Shares Outstanding: 71855731
Class S Shares Outstanding: 15060583
Class D Shares Outstanding: 1141367
Class I Shares Outstanding: 55653781
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