StepStone Climate Fund Parallel, LP
Raised
$49M
Investors
14
Min Invest
None stated
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AltStreet Analysis
·Generated from EDGAR primary sources
StepStone Climate Fund Parallel, LP is a Delaware pooled investment fund focused on carbon and climate investments, filing under Regulation D exemptions 506(b) and 3(c). This amended filing reports $49.5M raised from 14 investors, with no minimum investment disclosed. The fund is managed by StepStone Climate (GP), LLC with five named executive officers.
This carbon/climate fund operates in the institutional tier using the 506(b) private placement exemption typical of fund vehicles marketed to accredited investors without general solicitation. The average commitment of approximately $3.5M per investor reflects a mid-market institutional or qualified purchaser profile consistent with climate-focused investment vehicles.
Data Flags
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
Capital Raise Timeline
2 Form D filings from Feb 16, 2024 to Feb 14, 2025, the latest a D/A.
In the Terminal
Filing events
5
latest Feb 14, 2025
Critical / warning
0 / 0
3 watch · 2 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
lapsed
Latest event First sale · Feb 14, 2025
SEC.govFund family Part of the StepStone Climate Fund family: 2 vehicles across 0 generations · 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
- 5 filing events with values and deltas, latest 2025-02-14, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
Pro
- This issuer against its cohort: rank by velocity and share raised among offerings filed the same quarter
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
n/a StepStone Climate (GP), LLC
Executive Officer · La Jolla, CA
David Jeffrey
Executive Officer · London, X0
Suzanne Tavill
Executive Officer · Sydney, C3
Michael Cronin
Executive Officer · London, X0
Bhavika Vyas
Executive Officer · New York, NY
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.
LPL Financial LLCCRD 6413 on BrokerCheck
Associated broker-dealer: None · Fort Mill, SC · Soliciting in all states
Questions About StepStone Climate Fund Parallel, 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 Climate Fund Parallel, LP?
StepStone Climate Fund Parallel, LP is a Delaware limited partnership that filed a Form D with the SEC on February 14, 2025 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. AltStreet links the issuer to StepStone Climate Fund Parallel, LP.
Is StepStone Climate Fund Parallel, LP legit?
AltStreet does not rate legitimacy; it reports the public record. StepStone Climate Fund Parallel, LP filed a Form D with the SEC on February 14, 2025 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 $49,474,000 sold to 14 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to StepStone Climate Fund Parallel, LP, which AltStreet has reviewed. 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 Climate Fund Parallel, 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 Climate Fund Parallel, 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 Climate Fund Parallel, LP raised?
StepStone Climate Fund Parallel, LP reported $49,474,000 sold from 14 investors in an offering of indefinite size as of the Form D filed February 14, 2025.
Who can invest in StepStone Climate Fund Parallel, 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 filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in StepStone Climate Fund Parallel, LP?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling StepStone Climate Fund Parallel, LP and how are they paid?
The Form D names LPL Financial LLC (CRD 6413), associated with None as the recipient of sales compensation soliciting in all states. Sales commissions are reported as $38,000 and finders' fees as $0. Form D allows these to be estimates.
Who is behind StepStone Climate Fund Parallel, LP?
The Form D lists 5 related persons: StepStone Climate (GP), LLC, executive officer (General Partner of Issuer); David Jeffrey, executive officer; Suzanne Tavill, executive officer; Michael Cronin, executive officer; Bhavika Vyas, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is StepStone Climate Fund Parallel, 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 (858) 558-9700. It is organized under the laws of Delaware.
How long is the StepStone Climate Fund Parallel, LP offering open?
The issuer indicated that the offering is not 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 Climate Fund Parallel, LP?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
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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.