Today, more companies are choosing to stay private longer versus listing on the public stock exchange. In the article, Future Returns: A Fund Alternative to Private Venture and Growth Equity, Abby Schultz, senior writer at Barron’s, sits down with Tom Sittema, executive chairman at Conversus, a StepStone Company to discuss how StepStone offers individual investors access to the private markets through 40-Act funds.

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CPRIM inception date is October 1, 2020. The performance data quoted in the article is past performance and does not guarantee 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. For the most recent month end performance please call 704-215-4300.

View the CPRIM Fact Card for standardized returns.

For more information on the funds, please view the CPRIM prospectus and CSPRING prospectus.

An investment in the Funds involve material risks. Investing in the shares may be considered speculative and involves a high degree of risk, including the risk of the loss of your investment. The Shares are illiquid and appropriate only as a long-term investment.

The Advisers intend to seek the Board’s approval for a quarterly share repurchase program where the aggregate repurchases of Shares will be up to 2.50% for CSPRING and up to 5% for CPRIM of the Funds’ outstanding Shares per quarter pursuant to the procedures described in the prospectus under “Share Repurchase Procedures.”

Sources: Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Lauren Hirsch, Ephrat Livni and Anna Schaverien, “Harvard’s Investment Report Card”, nytimes.com, Oct. 15, 2021. Jack Caporal, “81% of Ultra-High-Net-Worth Individuals Use Alternative Investments”, fool.com Aug. 26, 2021. “The Future is Private”, BCG and iCapital, March 2022.

Foreside Financial Services, LLC, Distributor.