Tender Offer - StepStone Private Venture & Growth Fund
Form Type: SC TO-I
Filing Date: 2025-04-22
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525089009
Filing Summary: On April 22, 2025, StepStone Private Venture and Growth Fund announced a tender offer to repurchase up to 2.5% of its outstanding shares. The tender offer allows shareholders to sell their shares back to the Fund at the net asset value on the valuation date, minus any early repurchase fees for shares held for less than one year. The tender process begins on the same day as the announcement and involves important dates: May 27, 2025, is the notice date for shareholders to inform the Fund of their intention to tender shares; June 5, 2025, is the deadline for share withdrawal; and June 30, 2025, is the valuation date. Shareholders can withdraw their tenders at any time before the withdrawal deadline. The Fund may use various sources, including cash and the sale of portfolio securities, to finance the repurchases. The Fund advises shareholders to consider the potential tax implications of the tender offer and the effects on share value due to the reduction in the Fund's assets from the repurchases.
Additional details:
Prior Nav Calculation Date: 2025-03-31
Commencement Date: 2025-04-22
Notice Date: 2025-05-27
Tender Withdrawal Date: 2025-06-05
Valuation Date: 2025-06-30
Max Offer Percentage: 2.5
Early Repurchase Fee: 2%
Form Type: SC TO-I
Filing Date: 2025-01-21
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525009212
Filing Summary: StepStone Private Venture and Growth Fund has filed a tender offer to purchase up to 2.5% of its outstanding shares of beneficial interest, which include Class T, Class S, Class D, and Class I shares. The offer will commence on January 21, 2025, with specific dates outlined for the tendering process, including the Notice Date (February 24, 2025), Tender Withdrawal Date (March 6, 2025), and Valuation Date (March 31, 2025). Each Share tendered will be purchased at its net asset value less any Early Repurchase Fee if applicable. Shareholders have rights to withdraw their tenders until the Tender Withdrawal Date and to change their minds prior to that date. The Fund will make payment for accepted tenders as soon as possible after determining the NAV on the Valuation Date.
Additional details:
Title Of Class Of Securities: shares of beneficial interest
Maximum Tender Percentage: 2.5
Commencement Date: 2025-01-21
Notice Date: 2025-02-24
Tender Withdrawal Date: 2025-03-06
Valuation Date: 2025-03-31
Total Shares Outstanding: 33989383
Classes Of Shares: Class T, Class S, Class D, Class I
Nav Calculation Date: 2024-12-31
Comments
No comments yet. Be the first to comment!