ALPINE SPRING PRIVATE VENTURE & GROWTH FUND

Alpine SPRING is a continuous offering, fully-funded/non-callable fund that provides investors with exposure to a venture capital and growth equity investment portfolio focused on the “innovation economy”, the most dynamic companies, technologies and sectors that are seen to benefit from attractive secular trends.  The investment portfolio is 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 SPRING and StepStone’s investment objectives are to (a) achieve global access to top-tier venture and growth equity managers; (b) gain diversified exposure across the innovation economy; and (c) to achieve long-term capital appreciation.

Why Invest?

  • Interested in investments with exposure to private equity, with a particular focus on venture capital and growth equity.
  • 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 industry sector, investment stage and size, geography and strategy.

Fund Details

Legal structure
Trust
Strategy
Private market venture capital and growth
Fundserv Codes
  US$
 C$
Class A: SPA1950 SPA1958
Class F: SPA1952 SPA1960
Class XF: SPA1956 SPA1964
Class I: SPA1954 SPA1962
RSP Eligible & TFSA Eligible
No
Subscription Frequency
Monthly, on the 15th
Minimum Initial Purchase
  US$
 C$
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 I: 5,000,000.00 5,000,000.00
Currency
Canadian (hedged) and US dollars
Offshore & US Investors Eligible
No
Front End Commission
Up to 3.0% for Class A/A-CAD only
Management Fee
Onshore Fees Offshore Fees
0.20% 1.50%
% per annum of the aggregate Net Asset Value
Placement Agent Fee
  US$
 C$
Class A: 0.40% 0.40%
Class F: 0.40% 0.40%
Class XF: 0.30% 0.30%
Class I: 0.05% 0.05%
% per annum of the aggregate Class Net Asset Value
Redemption Frequency
Quarterly, on the last business day of March, June, September and December
Redemption Notice
On the 15th of February, May, August and November
Early Redemption Fee
5% if redeemed within 12 months of investing