Transportation, Power and Data – STRUCTURE [ticker: STRUX] opens up the opportunity for individual investors to access a global infrastructure investment portfolio, offering the potential for substantial diversification, low correlation and a durable source of income.

Learn more here: STRUCTURE

Important Information

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 or by visiting stepstonepw.com. An investor should read the prospectus carefully before investing.

An investment in the Fund involves risks. The Fund should be considered a speculactive 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 shares are illiquid and appropriate only as a long-term investment. There is no secondary market for the Fund’s Shares and the Fund expects that no secondary market will develop in the foreseeable future. Infrastructure companies may be subject to a variety of factors that may adversely affect their business, including economic slowdown, supply and demand volatility, increased competition, fluctuations in usage, expenses, and revenue, lack of fuel availability, energy conservation policies, technological obsolescence and changes in interest rates, regulations, or fiscal and monetary policy. Property values may fall due to in-creasing vacancies or declining rents resulting from unanticipated economic, legal, cultural or technological developments. There is no regular market for interest in infrastructure assets, which typically must be sold in privately negotiated transactions that can occur at a discount to the stated NAV. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Though valuation of Fund investments is ordinarily made quarterly, the Fund will provide valuations, and will issue shares, daily. Fund investments will be fair valued and are subject to adjustment. Fund acquisitions may be negotiated based on incomplete or imperfect information which could impact performance. Please see the prospectus for details of these and other risks.

Past performance does not guarantee future results. Diversification does not ensure a profit nor protect against loss in a declining market.

Investment in the Fund may be made only by investors who represent that they are an “accredited investor” within the meaning of Rule 501 of Regulation D under the Securities Act.

There is no guarantee that the Fund can or will pay distributions or if any of the distributions will be derived from return of capital.

Most regulated infrastructure assets, and many non-regulated infrastructure assets, include contracted revenues and inflation-indexed user pricing. According to the MSCI Global Quarterly Private Infrastructure Index, global core infrastructure has low or no correlation to global private equity, global public bonds and global public equities. The index measures the equity performance of infrastructure assets globally. Currency movements are excluded from return metrics. All correlation coefficients are calculated based on quarterly total return data for the period June 30, 2008 – June 30, 2023.

J-curve is a trendline that shows an initial loss immediately followed by a dramatic gain and is used in private equity to describe the shape of an investment’s anticipated performance from inception to exit.

The StepStone Private Infrastructure Fund (STRUCTURE) is distributed by UMB Distribution Services, LLC which is not affiliated with StepStone Group. STRUCTURE is a newly formed investment company with no operating or performance history that Shareholders can use to evaluate the Fund.