StepStone VC Global Partners XII ND LP

SEC Filing Record

Offering Amount

$833.7M

Strategy

Exemption

06b

Date Filed

May 20, 2026

0001012975-26-000470

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37A Read

This is an amendment filing, meaning the fund structure and terms were already established in an earlier submission; the amendment likely reflects a change to LP commitments, fee schedules, or diversification limits rather than a pivot in strategy or GP composition.

The absence of prior EDGAR filings from this manager indicates either a first-time SEC registration or a continuation of a historically-registered fund vehicle, and the 06b exemption (no public solicitation) signals reliance on a closed network of existing institutional relationships rather than broad fundraising.

A May 2026 filing for a $834M VC fund launch aligns with spring institutional capital deployment cycles and suggests StepStone is positioning for downstream deployment in mid-market venture and growth equity as LP allocation windows reopen post-Q1 capital planning.

Before committing, allocators should clarify whether the named GPs (Borton and Callahan) carry key-person provisions tied to deployment milestones, and should cross-check with StepStone's broader fund portfolio to confirm this vehicle is not a parallel offshore feeder or side-car for specific LP classes already committed to an earlier vintage.

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Principals

Registered Manager

StepStone VC XII GP LLC

General Partners & Executives

Brian Borton Andrew Callahan

Related Insights

Insight · May 24, 2026

StepStone Pushes $834M VC Fund-of-Funds as LP Liquidity Thaws

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