Form D · Private Equity Fund

StepStone VC Secondaries Fund V-B, L.P.

La Jolla, CA · CIK 0001894323

Offering snapshot reported Jan 3, 2022 · SEC filing

Reported sold: $2.31B
Investors reported: 339
Minimum accepted: $0
First sale: Dec 16, 2021

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jan 3, 2022	Initial	$2,308,054,800	No comparison	339	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: No
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-427694

Includes amounts sold to StepStone VC Secondaries Fund V-D, L.P., StepStone VC Secondaries Fund V (Cayman), L.P. and StepStone VC Secondaries Fund V, L.P.

Amount to be paid based on a percentage of capital raised.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
UBS Financial Services, Inc.	8174

Source: Form D, filed Jan 3, 2022. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

STEPSTONE VC SECONDARIES FUND V-B, L.P.

Investment adviser: STEPSTONE GROUP LP

Gross asset value: $259M
Beneficial owners: 340
ADV minimum commitment: $250K

Reported in Form ADV on Jul 30, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator VIRIDIS FUND SOLUTIONS OWINGS MILLS, Maryland, United States Investor statements: Yes (provided to all investors) Related to adviser: No

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

Custodian SILICON VALLEY BANK SANTA CLARA, California, United States Related to adviser: No

Marketer UBS FINANCIAL SERVICES INC. WEEHAWKEN, New Jersey, United States Related to adviser: No

Provider details

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

ERNST & YOUNG LLP
PCAOB 42

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 8-16267

Filing source

Form ADV 2122468 · Jul 30, 2026 · Schedule D 7.B.(1), fund 805-9338923120

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

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Brian Borton	Director
Andrew Callahan	Director
John Coelho	Director
Scott Hart	Executive
James Lim	Director
C. Ashton Newhall	Director
Johnny Randel	Executive
Lindsay Redfield	Director
N/A Step Stone Group Holdings Llc	Director
N/A Step Stone Group Lp	Director
N/A Step Stone Vc Secondaries General Partner V, L.P.	Director
N/A Step Stone Vc Secondaries Gp V, Llc	Director
Eric Thompson	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

4225 Executive Square, Suite 1600
La Jolla, CA, 92037