Investment adviser · CRD 281698

STEPSTONE GROUP REAL ESTATE LP

Investment adviser filing (IA)

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

Regulatory AUM: $17.2B
Client accounts: 67
Employees: 117
Advisory professionals: 95

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	61	$15,879,181,441	92.3%
Retirement plans	7	$1,317,717,112	7.7%
Government entities	11	$15,668,077	0.1%
Banks & thrifts	Fewer than 5	Not reported	Not reported
Other investment advisers	Fewer than 5	Not reported	Not reported
Insurance companies	Fewer than 5	Not reported	Not reported
Sovereign wealth & foreign institutions	Fewer than 5	Not reported	Not reported

Filing source

Form ADV 2122461 · 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 REAL ESTATE EUROPE CO-INVESTMENTS HOLDINGS IIReal Estate Fund · Last reported Jul 30, 2026$719MGross asset value

Feeder funds

STEPSTONE REAL ESTATE EUROPE CO-INVESTMENTS II, LP

Fund administrator SEI 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 JPMORGAN CHASE BANK, NA, LONDON BRANCH LONDON, United Kingdom Related to adviser: No

Custodian SILICON VALLEY BANK SANTA CLARA, 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: 805-2556337530
Reported beneficial owners: 2
Minimum commitment: $216M

Form ADV 2122461 · 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.

SREP V SALUD (CIV) LPReal Estate Fund · Last reported Jul 30, 2026$600MGross asset value

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 JP MORGAN LONDON, United Kingdom Related to adviser: No

Marketer THREADMARK PARTNERS LIMITED LONDON, United Kingdom 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

Fund details & source

Fund ID: 805-1877519578
Reported beneficial owners: 15
Minimum commitment: $2.23M

Form ADV 2122461 · 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 REAL ESTATE PARTNERS V, LPReal Estate Fund · Last reported Jul 30, 2026$587MGross asset value

Form D fundraising filings

StepStone Real Estate Partners V, 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 GOLDMAN SACHS BANK NEW YORK, New York, United States Related to adviser: No

Marketer AZIMUTH GLOBAL PARTNERS KUALA LAMPUR, Malaysia Related to adviser: No

Marketer HANWHA SECURITIES SEOUL, Korea, South Related to adviser: No

Marketer INPACT GENEVA, Switzerland Related to adviser: No

Marketer MORGAN STANLEY NEW YORK CITY, New York, United States Related to adviser: No

Marketer THREADMARK PARTNERS LIMITED LONDON, United Kingdom 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

Fund details & source

Fund ID: 805-5127904642
Reported beneficial owners: 88
Minimum commitment: $250K
Form D file number: 021-475128

Form ADV 2122461 · 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 PIFSS REAL ESTATE CO-INVESTMENT FUND II, LPReal Estate Fund · Last reported Jul 30, 2026$478MGross asset value

Fund administrator SEI 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 JP MORGAN NEW YORK, New York, United States Related to adviser: No

Custodian SILICON VALLEY BANK SANTA CLARA, 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: 805-2577078605
Reported beneficial owners: 3
Minimum commitment: $500M

Form ADV 2122461 · 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.

JUNIVERSITAS REAL ESTATE DIVERSIFIED FUND, LPReal Estate Fund · Last reported Jul 30, 2026$467MGross asset value

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 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: 805-6752090360
Reported beneficial owners: 3
Minimum commitment: $150K

Form ADV 2122461 · 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.

NFU MUTUAL GLOBAL REAL ESTATE, L.P.Real Estate Fund · Last reported Jul 30, 2026$418MGross asset value

Fund administrator GEN II FUND SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP NEWPORT COUNTY, California, 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

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-1245816050
Reported beneficial owners: 2
Minimum commitment: $401M

Form ADV 2122461 · 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 NJ REAL ESTATE SMA, LPPrivate Equity Fund · Last reported Jul 30, 2026$410MGross asset value

Fund administrator SEI 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 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: 805-1525718050
Reported beneficial owners: 3
Minimum commitment: $400M

Form ADV 2122461 · 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

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 281698

Filing source

Form ADV 2122461 · 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.