SEC filing record
Primary Source · SEC.gov

StepStone VC Secondaries Fund VII ND (Cayman) LP

Issuer2026 vintageRegulation D (Rule 506(b)) / Investment Company Act 3(c)(7)
Latest signalSold increasedForm D/A · 2026-10-2310 events: 4 sold increased, 4 large raise, 1 first saleLast filing 2026-10-23

Raised

$1.6B

Investors

—

Min Invest

None stated

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AltStreet Analysis

·

Generated from EDGAR primary sources

A Cayman Islands feeder in StepStone Group's seventh venture capital secondaries program, one of nine related vehicles spanning Delaware and Cayman limited partnerships and two Luxembourg SCSp SICAV-RAIF structures. Its Form D record runs from an initial filing on 2026-04-16 reporting $0 sold, through amendments on 2026-07-10 ($1,029,025,571) and 2026-08-10 ($1,307,185,571), to 2026-09-01 ($1,590,045,571). That figure is a PROGRAM-WIDE total, not this entity's own capital: the Item 13 clarification states it 'reflects limited partner interests offered and sold by the Issuer, StepStone VC Secondaries Fund VII LP, its parallel funds and other feeder entities', and eight siblings filed the identical number on the same date. The entity reports zero investors in all four filings, including the one reporting nothing sold, so no per-investor figure can be derived. Offering amount is indefinite; no target or final close is disclosed. Rule 506(b) with Section 3(c)(7).

Institutional venture secondaries program (Reg D 506(b), 3(c)(7), multi-jurisdiction parallel/feeder structure). Reporting shape: one combined Item 13 total repeated across nine vehicles, amended roughly monthly as the raise progresses, with a constant zero investor count on this feeder.

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002100722
Entity NameStepStone VC Secondaries Fund VII ND (Cayman) 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 OrganizationCayman Islands
Year Organized2025
Issuer AddressUgland House, Grand Cayman, E9 KY1-1104
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
First Sale DateNot yet occurred (as filed)
Filing DateSeptember 1, 2026
Accession Number0001012975-26-000851
Total Offering AmountIndefinite
Total Amount Sold$1,590,045,571
Amount Sold NoteCombined figure across related vehicles: Reflects limited partner interests offered and sold by the Issuer, StepStone VC Secondaries Fund VII LP, its parallel funds and other feeder entities.
Total Investors0 (no sales yet)
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationIntended to last more than one year
Sales Commissions$0 (to Morgan Stanley Smith Barney LLC and 8 others)
Finders' Fees$0
Proceeds to Related Persons$0
Revenue RangeNot Applicable
State (Issuer Address)E9
Amendment Count3 amendments filed (4 Form D filings)
Signed ByLindsay Redfield, Partner of StepStone

Filings on Record

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

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering this entity's filings.

All AltStreet news

In the Terminal

Filing events

10

latest Oct 23, 2026

Critical / warning

1 / 2

6 watch · 1 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

raising

Latest event Sold increase · Oct 23, 2026

SEC.gov
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Fund family Part of the StepStone VC Secondaries Fund ND family: 4 vehicles across 1 generation; Parallel fund of StepStone VC Secondaries Fund VII (Cayman) LP, and 7 other related vehicles · full family and the filing behind each link in the terminal

Investor

  • The full fund family and 8 related vehicles (parallel, feeder, successor, sibling series) with the filing that shows each link
  • The dated record: 11 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 10 filing events with values and deltas, latest 2026-10-23, 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
  • 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…

Related Persons (Form D)

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

N/A StepStone Group Inc.

Executive Officer · Nasdaq: STEP

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.

Morgan Stanley Smith Barney LLCCRD 149777 on BrokerCheck

Associated broker-dealer: None · Purchase, NY · Soliciting in all states and outside the United States

Leader Private Capital Ltd

Associated broker-dealer: None · Tel-Aviv, L3 and outside the United States

Gresham Partners Capital Limited

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

Leader Private Funds Ltd

Associated broker-dealer: None · Tel-Aviv, L3 and outside the United States

Capital Advisory Partners New Zealand Limited

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

Raymond James & Associates, Inc.CRD 705 on BrokerCheck

Associated broker-dealer: None · St. Petersburg, FL · Soliciting in all states and outside the United States

Raymond James Financial Services, Inc.CRD 6694 on BrokerCheck

Associated broker-dealer: None · St. Petersburg, FL · Soliciting in all states and outside the United States

Stifel, Nicolaus & Company, IncorporatedCRD 793 on BrokerCheck

Associated broker-dealer: None · St. Louis, MO · Soliciting in all states

Shinhan Securities Co., Ltd.

Associated broker-dealer: None · Seoul, M5 and outside the United States

Questions About StepStone VC Secondaries Fund VII ND (Cayman) 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 Secondaries Fund VII ND (Cayman) LP?

StepStone VC Secondaries Fund VII ND (Cayman) LP is a Cayman Islands limited partnership organized in 2025 that filed a Form D with the SEC on October 23, 2026 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 Secondaries Fund VII ND (Cayman) LP legit?

AltStreet does not rate legitimacy; it reports the public record. StepStone VC Secondaries Fund VII ND (Cayman) LP filed a Form D with the SEC on October 23, 2026 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 $1,768,995,571 sold. 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 Secondaries Fund VII ND (Cayman) 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 Secondaries Fund VII ND (Cayman) 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 Secondaries Fund VII ND (Cayman) LP raised?

StepStone VC Secondaries Fund VII ND (Cayman) LP reported $1,768,995,571 sold in an offering of indefinite size as of the Form D filed October 23, 2026. The filing states that the figure is combined across related vehicles, so it is not this entity's figure alone.

Who can invest in StepStone VC Secondaries Fund VII ND (Cayman) 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 VC Secondaries Fund VII ND (Cayman) 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 VC Secondaries Fund VII ND (Cayman) LP and how are they paid?

The Form D names Morgan Stanley Smith Barney LLC (CRD 149777), associated with None; Leader Private Capital Ltd, associated with None; Gresham Partners Capital Limited, associated with None; Leader Private Funds Ltd, associated with None and 5 others as recipients of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind StepStone VC Secondaries Fund VII ND (Cayman) LP?

The Form D lists 13 related persons: StepStone VC Secondaries GP VII LLC, director (The Issuer's general partner (the "General Partner")); StepStone Group LP, director (The managing member of the General Partner); StepStone Group Holdings LLC, director (The general partner of the managing member of the General Partner ("StepStone")); John Avirett, executive officer (Partner of StepStone); Brian Borton, executive officer (Partner of StepStone); Andrew Callahan, executive officer (Partner of StepStone); Anthony Giambrone, executive officer (Partner of StepStone); Seyonne Kang, executive officer (Partner 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 Secondaries Fund VII ND (Cayman) LP located?

The issuer's address on its SEC filings is Ugland House, Grand Cayman, E9 KY1-1104. Its phone number of record is 410-363-2725. It is organized under the laws of Cayman Islands.

How long is the StepStone VC Secondaries Fund VII ND (Cayman) 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; 3 amendments are on record for this CIK.

How large is StepStone VC Secondaries Fund VII ND (Cayman) 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.