Alpine SPRIM is a continuous offering, fully-funded/non-callable fund that provides investors with broad-based access to private equity mainly through secondary investments that are managed by the StepStone Group, a global asset manager and advisory firm of private assets with about US$660bn in total capital responsibility, over 980 investment professionals and 27 offices globally.


Alpine SPRIM and StepStone’s investment objectives are to (a) achieve long-term capital appreciation through an allocation to private markets with a single investment; (b) reduce barriers to accessing top-tier global investment managers; and (c) provide substantial diversification by asset class, by investment strategy, by geographic market and by manager.

Current Monthly Report

Why Invest?

  • Interested in investments with exposure to private equity, private debt and real assets.
  • To gain access to prominent 3rd party private asset managers that are generally unavailable to the investing public due to resource requirements and high investment minimums.
  • To benefit from diversification across private investment strategies, geographic markets and lifecycles

Fund Details

Legal structure
Private Markets
Fundserv Codes
Class A: SPA1920  SPA1934
Class F: SPA1924 SPA1936
Class XF: SPA1928 SPA1938
Class ICS: SPA1932 SPA1940
RSP Eligible & TFSA Eligible
Subscription Frequency
Monthly, on the 15th
Minimum Initial Purchase
Class A: 25,000.00  25,000.00
Class F: 25,000.00 25,000.00
Class XF: 2,500,000.00 2,500,000.00
Class ICS: 10,000.00 10,000.00
Canadian (hedged) and US dollars
Offshore & US Investors Eligible
Front End Commission
Up to 3.0% for Class A/A-CAD only
Management Fee
Onshore Fees Offshore Fees
0.20% 1.40%
% per annum of the aggregate Net Asset Value
Placement Agent Fee
Class A: 0.40% 0.40%
Class F: 0.40% 0.40%
Class XF: 0.30% 0.30%
Class ICS: 0.15% 0.15%
% per annum of the aggregate Class Net Asset Value
Redemption Frequency
Quarterly, on the last business day of February, May, August and November
Redemption Notice
On the 15th of February, May, August and November
Early Redemption Fee
5% if redeemed within 12 months of investing