In this article, Jack Willoughby of Private Funds CFO explores the reasons why we believe our analytics capabilities can help to reduce cash drag, potentially improving the performance of Conversus’s CPRIM and other ’40 Act Funds

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Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from StepStone Private Wealth at 704-215-4300. An investor should read the prospectus carefully before investing. Investors should also review the material available on stepstonepw.com with respect to StepStone Private Wealth Markets.

An investment in the Fund involves risks.  The Fund should be considered a speculative investment that entails substantial risks, and a prospective investor should invest in the Fund only if it can sustain a complete loss of its investment.  Fund fees and expenses may offset trading profits.  Fund shares are illiquid and appropriate only as a long-term investment.  There is no market exchange available for shares of the Fund thereby making them difficult to liquidate.  Use of leverage may increase the Fund’s volatility.  The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund.  Investments may consist of loans to small and/or less well-established privately held companies that have reduced access to the capital markets, resulting in diminished capital resources and the ability to withstand financial distress.  Please see the prospectus for details of these and other risks.

UMB Distribution Services, LLC

The Fund is distributed by UMB Distribution Services, LLC, who is not affiliated with StepStone Group.