# Stepstone Private Wealth

> Stepstone Private Wealth is an SEC-registered investment advisory firm in Charlotte, NC, registered since 2019, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

- CRD: 305881
- Filed as: STEPSTONE PRIVATE WEALTH
- Legal name: Stepstone Group Private Wealth LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Charlotte, NC
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/305881
- AdvisorCensus page: https://advisorcensus.com/firm/stepstone-private-wealth-charlotte-nc-305881

## Quick answers

**How is Stepstone Private Wealth compensated?**
On its Form ADV (Item 5.E, October 2026), Stepstone Private Wealth reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Stepstone Private Wealth located?**
Stepstone Private Wealth's principal office is in Charlotte, NC, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Stepstone Private Wealth registered with the SEC or a state?**
Stepstone Private Wealth is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 305881.

**How much does Stepstone Private Wealth manage?**
Stepstone Private Wealth reports $17,933,992,646 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary).

**How have Stepstone Private Wealth's assets and staff changed since 2021?**
In the Form ADV data for Stepstone Private Wealth: Regulatory assets under management: $115,176,909 in the October 2021 data and $17,933,992,646 in the October 2026 data, up 15471%. Total employees: 22 in October 2021 and 128 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Stepstone Private Wealth serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); investment companies (5).

**Does Stepstone Private Wealth report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/305881

**What changed in Stepstone Private Wealth's recent Form ADV filings?**
In the July 2026 filing data: Regulatory assets under management went from $8,172,580,284 to $17,933,992,646 (+119%). No longer lists an office in Charlotte, NC. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $17,933,992,646
- Discretionary: $17,933,992,646
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 5 | $16,239,426,515 |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $1,694,566,131 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2019 (6 years)
- Employees: 128 total, 0 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Winter Park, FL

### Websites listed on Form ADV (Item 1.I)
- spi.stepstonegroup.com
- stepstonegroup.com
- stepstonepw.com
- vimeo.com/stepstonegroup
- Facebook facebook.com
- Instagram @stepstonegroup
- Instagram @stepstonevc
- LinkedIn @stepstone-group
- LinkedIn @stepstone-private-wealth
- X @StepStoneVC
- X @stepstonegroup
- YouTube @stepstonegroup_STEP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $115,176,909 | 22 | June 29, 2021 |
| October 2022 | $580,716,635 | 33 | June 28, 2022 |
| October 2023 | $1,498,582,855 | 52 | June 29, 2023 |
| October 2024 | $3,373,097,692 | 62 | June 28, 2024 |
| October 2025 | $8,172,580,284 | 97 | June 27, 2025 |
| October 2026 | $17,933,992,646 | 128 | June 29, 2026 |

Regulatory assets under management: $115,176,909 in the October 2021 data and $17,933,992,646 in the October 2026 data, up 15471%.
Total employees: 22 in October 2021 and 128 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $8,172,580,284 to $17,933,992,646 (+119%).
- No longer lists an office in Charlotte, NC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Stepstone Private Wealth (CRD 305881): Form ADV filing data as of October 2026.