2026-02793Notice

StepStone Funds Push for Joint Investment Permissions

Published Date: 2/12/2026

Notice

Summary

StepStone Private Credit Fund and its related companies want permission to team up and invest together in the same businesses, which usually isn’t allowed. This change affects several StepStone funds and could help them work smarter and share opportunities. If no one objects by March 6, 2026, the SEC will likely approve this move, potentially boosting their investment power.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

StepStone Seeks Permission to Co‑Invest

StepStone Private Credit Fund and many related StepStone funds asked the SEC for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 and rule 17d-1 to allow those funds and certain affiliated entities to co-invest in the same portfolio companies. The application was filed December 23, 2025, and the SEC will issue the order unless a hearing is requested by March 6, 2026.

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Key Dates

Effective Date
Published Date
12/23/2025
2/12/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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