Project Heron, LLC
Private Equity FundFund ID 805-9398292615Delaware, United States
Gross assets
$248M
Min. investment
$290K
Beneficial owners
10
Size rank
Top 28%
Audited
No
Structure
Standalone
About this fund
Project Heron, LLC is a private equity fund managed by Stepstone Group LP. The fund reports $248 million in gross assets, placing it among the top 28% of private funds by size. The stated minimum investment is $289,845. Private funds are not required to publicly disclose returns; Form ADV reports assets, structure, and service providers, shown above.
Fund details
| Fund ID | 805-9398292615 |
| Fund type | Private Equity Fund |
| 3(c)(1) exclusion | Yes |
| 3(c)(7) exclusion | No |
| Master fund | No |
| Feeder fund | No |
| Fund of funds | Yes |
| Relies on exemption from registration | Yes |
| Annual audit | No |
| Prepared per GAAP | No |
| Sub-advised | No |
| Sales limited to qualified investors | Yes |
| % of assets independently valued | 0% |
Other funds from this manager
| Fund | Type | Gross assets |
|---|---|---|
| Stepstone H Opportunities Fund, L.P. | Private Equity | $15.78B |
| Stepstone Secondary Opportunities Fund V Offshore Holdings, L.P. | Private Equity | $5.27B |
| Stepstone K Strategic Opportunities Fund V, L.P. | Private Equity | $4.61B |
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Join to unlock · $37/moFrequently asked questions
How large is Project Heron, LLC?
Project Heron, LLC reports $248 million in gross assets, among the top 28% of private funds by size.
What is the minimum investment for Project Heron, LLC?
The stated minimum investment is $289,845.
Who manages Project Heron, LLC?
Project Heron, LLC is managed by Stepstone Group LP.
Does Project Heron, LLC disclose returns?
No. Private funds are not required to publicly disclose performance. Form ADV reports assets, structure, and service providers.
Manager
S
La Jolla, CA
Service providers
Prime broker
None reported
Custodian
Administrator
Auditor
None reported
How this fund compares
Gross assetsTop 28%
Larger than 72% of 67,041 private funds
Gross assets vs Private Equity FundsTop 24%
Larger than 76% of 31,066 private equity funds
Minimum investmentTop 56%
Higher than 44% of funds reporting a minimum
Investor base
Adviser & related persons%
Funds of funds1%
Non-U.S. persons8%
Share of the fund's beneficial ownership reported on Form ADV. Categories can overlap.