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SEC filing record
Primary Source · SEC.gov

StepStone VC Global Partners XI-B LP

Fund Vehicle2022 vintageRule 506(b), Section 3(c), Section 3(c)(7)Filing record

Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.

Raised

$409M

Investors

230

Min Invest

$10,000

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What this filing shows

·

Every sentence is a value as filed on SEC Form D

StepStone VC Global Partners XI-B LP is a Delaware limited partnership that first filed a Form D on July 28, 2022 and most recently amended it on July 28, 2023, describing itself as a private equity fund. The offering claims Rule 506(b), Section 3(c), Section 3(c)(7) and covers pooled investment fund interests. StepStone VC Global Partners XI-B LP reported $409,266,667 sold from 230 investors in an offering of indefinite size as of the Form D filed July 28, 2023. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000. The Form D names Bulltick, LLC (CRD 104005), associated with None; Capital Advisory Partners New Zealand Limited, associated with None; CH Advisors GmbH, associated with None; Detlef Mackewicz, associated with None and 3 others as recipients of sales compensation. The issuer's address of record is 4225 Executive Square, Suite 1600, La Jolla, CA 92037.

Critical Disclosures

What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.

Reporting lapsed · Form D · last filing July 28, 2023

Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.

Timeline
Each line is a fact as filed. The history behind it, the same event across other issuers, and an alert on the next one:Open in the terminal Watch this issuer

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001936937
Entity NameStepStone VC Global Partners XI-B LP
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer Address4225 Executive Square, Suite 1600, La Jolla, CA 92037
Phone(410) 363-2725
Industry / Fund TypePooled Investment Fund · Private Equity Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypePooled investment fund interests
First Sale DateJuly 29, 2022
Filing DateJuly 28, 2023
Accession Number0001936934-23-000004
Total Offering AmountIndefinite
Total Amount Sold$409,266,667
Total Investors230
Non-Accredited InvestorsNone
Minimum Investment$10,000
Offering DurationIntended to last more than one year
Revenue RangeNot Applicable
State (Issuer Address)CA
Amendment Count2 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

D/AJuly 28, 2023DJuly 28, 2022

In the Terminal

Filing events

0

none on file

Critical / warning

0 / 0

0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

dark

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Fund family Part of the StepStone VC Global Partners family: 10 vehicles across 3 generations · adviser of record Stepstone Group LP · full family and the filing behind each link in the terminal

Investor

  • The full fund family and any related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

Pro

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  • The same events, statements and NAV moves across every issuer, screenable, with unlimited watches and CSV

Counts and dates above are the free record. The values, the series and the comparisons are the seat. Loading your view…

Adviser of Record (Form ADV)

Stepstone Group LP

CRD 143635 · SEC-registered adviser · lists this fund on Schedule D 7.B.(1) as a private equity fund

Auditor named on Form ADV: Ernst & Young LLP · PCAOB-registered per the adviser

From the adviser's Form ADV as loaded from the SEC bulk data, joined on this issuer's Form D file number. Fund-level figures and the adviser's full fund roster are in the terminal.

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

StepStone VC General Partner XI LP

Director · La Jolla, CA

"The Issuer's general partner (the ""General Partner"")."

StepStone VC XI GP LLC

Director · La Jolla, CA

"The general partner of the General Partner (the ""GP LLC"")."

StepStone Group LP

Director · La Jolla, CA

The sole member of the GP LLC.

StepStone Group Holdings LLC

Director · La Jolla, CA

The general partner of the sole member of the GP LLC (?StepStone?).

Brian Borton

Director · La Jolla, CA

Partner of StepStone.

Andrew Callahan

Director · New York, NY

Partner of StepStone.

John Coelho

Director · La Jolla, CA

Partner of StepStone.

Scott Hart

Executive Officer · La Jolla, CA

Partner, Chief Executive Officer of StepStone

James Lim

Director · Owings Mills, MD

Partner of StepStone.

C. Ashton Newhall

Director · Manalapan, FL

Partner of StepStone.

Johnny Ashton Randel

Executive Officer · La Jolla, CA

Partner, Chief Financial Officer of StepStone.

Lindsay Ashton Redfield

Director · Owings Mills, MD

Partner of StepStone.

Eric Ashton Thompson

Executive Officer · Owings Mills, MD

Partner, Chief Operating Officer, Private Equity of StepStone.

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Bulltick, LLCCRD 104005 on BrokerCheck

Associated broker-dealer: None · Miami, FL and outside the United States

Capital Advisory Partners New Zealand Limited

Associated broker-dealer: None · Auckland, Q2 and outside the United States

CH Advisors GmbH

Associated broker-dealer: None · Herrliberg, V8 and outside the United States

Detlef Mackewicz

Associated broker-dealer: None · Munich, 2M and outside the United States

Gresham

Associated broker-dealer: None · Sydney, C3 and outside the United States

Tom Lawrence

Associated broker-dealer: None · Paget, D0 and outside the United States

GrovePeak S.A.S.

Associated broker-dealer: None · Bogato, F8 and outside the United States

Questions About StepStone VC Global Partners XI-B LP

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is StepStone VC Global Partners XI-B LP?

StepStone VC Global Partners XI-B LP is a Delaware limited partnership that filed a Form D with the SEC on July 28, 2023 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of pooled investment fund interests.

Is StepStone VC Global Partners XI-B LP legit?

AltStreet does not rate legitimacy; it reports the public record. StepStone VC Global Partners XI-B LP filed a Form D with the SEC on July 28, 2023 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $409,266,667 sold to 230 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is StepStone VC Global Partners XI-B LP registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that StepStone VC Global Partners XI-B LP claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has StepStone VC Global Partners XI-B LP raised?

StepStone VC Global Partners XI-B LP reported $409,266,667 sold from 230 investors in an offering of indefinite size as of the Form D filed July 28, 2023.

Who can invest in StepStone VC Global Partners XI-B LP?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $10,000.

What is the minimum investment in StepStone VC Global Partners XI-B LP?

The Form D lists $10,000 as the minimum investment accepted from any outside investor as of July 28, 2023. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling StepStone VC Global Partners XI-B LP and how are they paid?

The Form D names Bulltick, LLC (CRD 104005), associated with None; Capital Advisory Partners New Zealand Limited, associated with None; CH Advisors GmbH, associated with None; Detlef Mackewicz, associated with None and 3 others as recipients of sales compensation.

Who is behind StepStone VC Global Partners XI-B LP?

The Form D lists 13 related persons: StepStone VC General Partner XI LP, director ("The Issuer's general partner (the ""General Partner"")."); StepStone VC XI GP LLC, director ("The general partner of the General Partner (the ""GP LLC"")."); StepStone Group LP, director (The sole member of the GP LLC); StepStone Group Holdings LLC, director (The general partner of the sole member of the GP LLC (?StepStone?)); Brian Borton, director (Partner of StepStone); Andrew Callahan, director (Partner of StepStone); John Coelho, director (Partner of StepStone); Scott Hart, executive officer (Partner, Chief Executive Officer of StepStone), and 5 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is StepStone VC Global Partners XI-B LP located?

The issuer's address on its SEC filings is 4225 Executive Square, Suite 1600, La Jolla, CA 92037. Its phone number of record is 410-363-2725. It is organized under the laws of Delaware.

How long is the StepStone VC Global Partners XI-B LP offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.

How large is StepStone VC Global Partners XI-B LP?

The Form D reports a revenue range of Not Applicable.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.