Investment adviser · CRD 281695

STEPSTONE GROUP REAL ASSETS LP

Investment adviser filing (IA)

LA JOLLA, CA, United States · Form ADV filed Jul 30, 2026

Regulatory AUM: $41.5B
Client accounts: 64
Employees: 94
Advisory professionals: 85

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	59	$34,928,952,169	84.2%
Retirement plans	7	$4,273,803,944	10.3%
Government entities	Fewer than 5	$2,279,795,776	5.5%
Investment companies	1	Not reported	Not reported
Insurance companies	Fewer than 5	Not reported	Not reported

Filing source

Form ADV 2122465 · Jul 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

STEPSTONE INFRASTRUCTURE CO-INVESTMENT PARTNERS 2022 PARALLEL, L.P.Private Equity Fund · Last reported Jul 30, 2026$508MGross asset value

Form D fundraising filings

StepStone Infrastructure Co-Investment Partners 2022 Parallel, L.P.

Fund administrator STANDISH MANAGEMENT SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian WELLS FARGO BANK, NA SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-3473848450
Reported beneficial owners: 7
Minimum commitment: $22M
Form D file number: 021-457170

Form ADV 2122465 · Jul 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STEPSTONE P INFRASTRUCTURE OPPORTUNITIES FUND III, L.PPrivate Equity Fund · Last reported Jul 30, 2026$500MGross asset value

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian WELLS FARGO BANK, NA SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-3154974957
Reported beneficial owners: 3
Minimum commitment: $500M

Form ADV 2122465 · Jul 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STEPSTONE INFRASTRUCTURE CO-INVESTMENT PARTNERS 2022 EUROPE, SCSPPrivate Equity Fund · Last reported Jul 30, 2026$470MGross asset value

Form D fundraising filings

StepStone Infrastructure Co-Investment Partners 2022 Europe, SCSp

Fund administrator APEX GROUP NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator STANDISH MANAGEMENT SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian WELLS FARGO BANK, NA SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-3644209096
Reported beneficial owners: 30
Minimum commitment: $15M
Form D file number: 021-468290

Form ADV 2122465 · Jul 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STEPSTONE SCORPIO INFRASTRUCTURE OPPORTUNITIES FUND, L.P.Private Equity Fund · Last reported Jul 30, 2026$468MGross asset value

Fund administrator APEX GROUP NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA NEW YORK, New York, United States Related to adviser: No

Custodian FIRST CITIZENS BANK AND TRUST CO. RALEIGH, North Carolina, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

FIRST CITIZENS BANK AND TRUST CO.
LEI L9VVX1KT5TFTKS0MLF66

Fund details & source

Fund ID: 805-8018101864
Reported beneficial owners: 3
Minimum commitment: $491M

Form ADV 2122465 · Jul 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STEPSTONE HOLYROOD INFRASTRUCTURE OPPORTUNITIES FUND, L.PPrivate Equity Fund · Last reported Jul 30, 2026$431MGross asset value

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-8173175276
Reported beneficial owners: 2
Minimum commitment: $400M

Form ADV 2122465 · Jul 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STEPSTONE INFRASTRUCTURE CO-INVESTMENT PARTNERS 2022, L.P.Private Equity Fund · Last reported Jul 30, 2026$425MGross asset value

Form D fundraising filings

StepStone Infrastructure Co-Investment Partners 2022, L.P.

Fund administrator STANDISH MANAGEMENT SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian WELLS FARGO BANK, NA SAN FRANCISCO, California, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-2008490579
Reported beneficial owners: 26
Minimum commitment: $15M
Form D file number: 021-457168

Form ADV 2122465 · Jul 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

STEPSTONE FLINTHOLM INFRASTRUCTURE FUND, L.P.Private Equity Fund · Last reported Jul 30, 2026$416MGross asset value

Form D fundraising filings

StepStone Flintholm Infrastructure Fund, L.P.

Fund administrator STANDISH MANAGEMENT SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Fund details & source

Fund ID: 805-1490291734
Reported beneficial owners: 2
Minimum commitment: $405M
Form D file number: 021-518280
Form D file number: 021-566567

Form ADV 2122465 · Jul 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 30, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Pension consulting · Selection of other advisers

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

4225 EXECUTIVE SQUARE, SUITE 1600
LA JOLLA, CA, 92037, United States

CRD 281695

Filing source

Form ADV 2122465 · Jul 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.