Exhibit (k)(1)(b)
StepStone Group Private Wealth LLC
128 S Tryon St., Suite 1600
Charlotte, NC 28202
Re: Amendment to Administration Agreement for StepStone Private Venture and Growth Fund
Dear Sir or Madam:
As you know, we are party to an Administration Agreement dated as of June 8, 2022, with respect to StepStone Private Venture and Growth Fund (the “Agreement”). Please be advised that, pursuant to the terms of the Agreement, we wish to amend the Agreement to revise the fee schedule effective as of April 1, 2025. The proposed amended Schedule A to the Agreement is attached hereto.
| Regards, | ||
| STEPSTONE GROUP PRIVATE WEALTH LLC | ||
| By: | /s/ Tim Smith | |
| Name: Tim Smith | ||
| Title: CFO & COO | ||
| Accepted and Agreed to: | ||
| STEPSTONE PRIVATE VENTURE AND GROWTH FUND | ||
| By: | /s/ Dean Caruvana | |
| Name: Dean Caruvana | ||
| Title: Secretary and CCO | ||
StepStone Private Venture and Growth Fund
Schedule A
Fees
| Net Assets |
Annual Rate | |||
| First $100 million |
0.18 | % | ||
| Next $100 million |
0.175 | % | ||
| Next $100 million |
0.16 | % | ||
| Next $200 million |
0.14 | % | ||
| Next $500 million |
0.08 | % | ||
| Assets over $1 billion |
0.07 | % | ||
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