StepStone Private Equity Strategies Fund

Data through 2026-03-31 · latest filing 424B3 filed 2026-06-18

Sponsored by StepStone. Interval Fund structure focused on private equity.

Interval FundPrivate Equity

Sponsor: StepStone
CIK: 0002066799
Liquidity: Semiannual repurchase offers at NAV
Inception: 2025

Net assets: $1.67B

source

Shareholder report (Form N-CSR) · filed 2026-06-09 · period 2026-03-31

Financial highlights class net-assets blocks (Class I $1,669,810,907 + Class D $11,727 + Class S $11,690), fiscal period ended March 31, 2026

“Class I: NA $1,669,810,907 (x1), 142,570,575 sh, NAV $11.71 | Class D: NA $11,727 (x1), 1,002 sh, NAV $11.70 | Class S: NA $11,690 (x1), 1,001 sh, NAV $11.68”

Why this source
audited statement wins the same-date headline over N-PORT per rules.period_series (tna source divergence surfaced by sentinel)

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

Financial highlights class net-assets blocks (Class I $1,669,810,907 + Class D $11,727 + Class S $11,690), fiscal period ended March 31, 2026 | accession 0001213900-26-066811 | audited statement wins the same-date headline over N-PORT per rules.period_series (tna source divergence surfaced by sentinel)
NAV / share: $11.71

source

Shareholder report (Form N-CSR) · filed 2026-06-09 · period 2026-03-31

per-class statement blocks (V5 family, non-FS filer agent), Class I

“Class I: NA $1,669,810,907 (x1), 142,570,575 sh, NAV $11.71 | Class D: NA $11,727 (x1), 1,002 sh, NAV $11.70 | Class S: NA $11,690 (x1), 1,001 sh, NAV $11.68”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/2066799/000121390026066811/ea0293680-01_ncsr.htm | per-class statement blocks (V5 family, non-FS filer agent), Class I
Net flows, last qtr: +12.4%
Distribution coverage: Not reported
Leverage in use: 0%
Total return, 12m: Pending

01 / Signals

What changed in the latest filings.

Current findings ordered by severity. Each observation remains traceable to its filed source.

No current red or yellow flags in filings reviewed through 2026-07-31.

02 / Trends

How the fund has moved.

Net asset value, total return, capital flows, and distribution coverage across the filing record.

NAV per share

Net capital flows, % of NAV

Filed performance

Window	Class	Basis	Return	Source
2025-09-08 to 2026-03-31 since inception · annualization not stated	Class I	at NAV Filed return footnote Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends at net asset value during the period and repurchase on the last day of the period at net asset value.	+17.37%	SEC source 0001213900-26-066811 N-CSR filed 2026-06-09
2025-09-08 to 2025-09-30 since inception · annualization not stated	Class I	basis not stated in the filed row Filed return footnote Total return reflects the change in the net asset value per share based on the effects of the performance of the Fund during the period and assumes distributions, if any, were reinvested in accordance with the Fund's Dividend Reinvestment Plan ("DRIP") (See Note 10).	+4.40%	SEC source 0001213900-25-117017 N-CSRS filed 2025-12-02

Figures are reproduced from filed disclosures with their exact window, class, and stated basis. They are separate from the calculated NAV-plus-distributions index and from manager-source monthly returns.

Monthly performance eligibility

Canonical class: Class I · basis: no qualifying monthly chain · qualifying history: 0 months.

1y: Pending; 3y: Pending; 5y: Pending Manager-published observations remain distinct from SEC-filed facts and publish only after declared-crawler, robots, class, exact-window, and SEC-precedence gates pass.

03 / Portfolio

What moved inside the book.

Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.

Pending

04 / Redemptions

Where exit demand met the cap.

Stated cap: 5% of shares/semiannual offer. The disclosed history shows no rationed period.

Period	Requested	Filled	Cap used	Status
2026-03-16	Not disclosed	100%	Pending	filled

05 / Financing

How the balance sheet is funded.

Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.

Pending

06 / Share classes

How the offering is divided.

A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.

Not attributed 100.0%

Share of total net assets ($1,669,834,324) as of 2026-03-31; the hatched band is net assets the filings do not attribute to a captured class.

Class	Terms-based role description	Load	Servicing	Minimum	Assets
Class I	Pending	Pending	Pending	Pending	Pending

Management fee: 1.60% of daily net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001213900-26-066811.

Filed fee conditions

In consideration of its services to the Fund, the Adviser is entitled to a management fee ('Management Fee') equal to 1.60% on an annualized basis of the Fund's daily net assets. The Management Fee is accrued daily and payable monthly in arrears. The Adviser pays the Sub-Adviser 50% of the Management Fee out of this amount -- not an additional fund-level charge. For the period September 8, 2025 (commencement of operations) to March 31, 2026, the Adviser earned $10.4 million.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Class I	1.60%	None * None. The standardized prospectus fee table contains no incentive/performance-fee line. SEC source 0001193125-25-170611	Pending	Pending	Pending	3.04%filed basis * Filed label: Expenses; period 2026-03-31. After waiver: not separately stated; interest: not separately stated; tax: excluded; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001213900-26-066811

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

07 / Sources

The evidence beneath the page.

Filed terms and recent documents remain available without crowding the primary research flow.

Term register (2)

Term	Description	Value	Effective
advisory_fee_schedule	In consideration of its services to the Fund, the Adviser is entitled to a management fee ('Management Fee') equal to 1.60% on an annualized basis of the Fund's daily net assets. The Management Fee is accrued daily and payable monthly in arrears. The Adviser pays the Sub-Adviser 50% of the Management Fee out of this amount -- not an additional fund-level charge. For the period September 8, 2025 (commencement of operations) to March 31, 2026, the Adviser earned $10.4 million.	1.6 pct_annual_of_daily_net_assets	Pending
leverage_ceiling	Pending	300.0 pct_asset_coverage	Pending

Recent filings

Filed	Form	Accession
2026-06-18	424B3	0001193125-26-275651
2026-06-09	N-CSR	0001213900-26-066811
2026-05-29	NPORT-P	0001193125-26-247519
2026-02-27	NPORT-P	0001193125-26-079936
2026-02-09	N-23C3A	0001193125-26-042615
2025-12-02	N-CSRS	0001213900-25-117017
2025-11-28	NPORT-P	0001193125-25-301332
2025-07-31	N-2/A	0001193125-25-170611