# EDGAR Filing Document

**Accession Number:** 0001957892
**File Stem:** 0001193125-25-301328
**Filing Date:** 2025-11
**Character Count:** 25841
**Document Hash:** c86c6e133c3f0cd80f26bced2bbf3e85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-301328.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001193125-25-301328

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** StepStone Private Infrastructure Fund
- **CENTRAL INDEX KEY:** 0001957892

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23848
- **FILM NUMBER:** 251532694

**BUSINESS ADDRESS:**
- **STREET 1:** 128 S. TRYON ST., SUITE 1600
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** 704-215-4300

**MAIL ADDRESS:**
- **STREET 1:** 128 S. TRYON ST., SUITE 1600
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** StepStone Private Infrastructure Fund

- **b. Investment Company Act file number:** 811-23848

- **c. CIK number of Registrant:** 0001957892

- **d. LEI of Registrant:** 5493000L3ZVBTL5H9619

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 128 S Tryon St., Suite 1600

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28202

  - **Telephone number:** 7042154300

**Item A.2. Information about the Series.**

- **a. Name of Series:** StepStone Private Infrastructure Fund

- **c. LEI of Series:** 5493000L3ZVBTL5H9619

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $778126709.30

**Total Liabilities:** $18410668.67

**Net Assets:** $759716040.63

**Cash Not Reported:** $182176513.39

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.94%                | 0.93%                | 1.92%                |
| Class ID N/A | 1.02%                | 0.93%                | 1.99%                |
| Class ID N/A | 0.95%                | 0.87%                | 1.86%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $722763.70               | $3759669.14                                |
| Month 2  | $74520.48                | $5691727.20                                |
| Month 3  | $2213356.35              | $11790112.74                               |

### Schedule of Portfolio Investments

| Name                                                             | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| EQT Active Core Infrastructure Co-Investment (G) SCSP            | EQT Active Core Infrastructure Co-Investment (G) SCSP            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $13486481.55  | 1.78%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Devonshire Co-Invest L.P.                                    | KKR Devonshire Co-Invest L.P.                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $5536593.60   | 0.73%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Dino Co-Invest L.P.                                          | KKR Dino Co-Invest L.P.                                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $17375200.75  | 2.29%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Verrus, LLC                                                      | Verrus, LLC                                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13000000 | OU      | $12434304.60  | 1.64%             | 2028-04-14      | Fixed         | 12.00%                | Yes           | 3                  | On Loan: No      |
| InstarAGF Essential Infrastructure Fund II (LUX-USD), SCSp       | InstarAGF Essential Infrastructure Fund II (LUX-USD), SCSp       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $34781324.50  | 4.58%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Global Infrastructure Investors III L.P.                     | KKR Global Infrastructure Investors III L.P.                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $9524308.40   | 1.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EQT Infrastructure IV (No.1) EUR SCSp                            | EQT Infrastructure IV (No.1) EUR SCSp                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $17231997.79  | 2.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brookfield Infrastructure Fund III-A, L.P.                       | Brookfield Infrastructure Fund III-A, L.P.                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $1999735.33   | 0.26%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EQT Infrastructure Fund III (No.1) SCSp                          | EQT Infrastructure Fund III (No.1) SCSp                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $406863.80    | 0.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Stonepeak Infrastructure Fund II LP                              | Stonepeak Infrastructure Fund II LP                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $186822.13    | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EQT Infrastructure Fund II (No.1) SCSp                           | EQT Infrastructure Fund II (No.1) SCSp                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $27184.56     | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Antin Infrastructure Partners II LP                              | Antin Infrastructure Partners II LP                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | GB        |         1 | OU      | $1097.88      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brookfield Americas Infrastructure Fund, L.P.                    | Brookfield Americas Infrastructure Fund, L.P.                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $149608.80    | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| InfraVia European Fund III SCSp                                  | InfraVia European Fund III SCSp                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $7991217.80   | 1.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Global Infrastructure Partners III-C, L.P.                       | Global Infrastructure Partners III-C, L.P.                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $2839225.69   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| iCON Infrastructure Partners III, L.P.                           | iCON Infrastructure Partners III, L.P.                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | GG        |         1 | OU      | $2073716.37   | 0.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Stonepeak Infrastructure Fund LP                                 | Stonepeak Infrastructure Fund LP                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $548247.88    | 0.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Global Infrastructure Investors III EEA (EUR) SCSp           | KKR Global Infrastructure Investors III EEA (EUR) SCSp           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $2367471.11   | 0.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Global Infrastructure Investors II (EEA) L.P.                | KKR Global Infrastructure Investors II (EEA) L.P.                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | GB        |         1 | OU      | $438199.81    | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Stonepeak Ace (Co-Invest) Holdings (CYM) LP                      | Stonepeak Ace (Co-Invest) Holdings (CYM) LP                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $4712293.00   | 0.62%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Sandbrook rPlus Co-Invest II LP                                  | Sandbrook rPlus Co-Invest II LP                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $3705172.59   | 0.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Optics Co-Invest Blocker L.P.                                | KKR Optics Co-Invest Blocker L.P.                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $4926918.29   | 0.65%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ECP V (California Co-Invest), LP                                 | ECP V (California Co-Invest), LP                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $6010928.00   | 0.79%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Global Infrastructure Investors IV (USD) SCSp                | KKR Global Infrastructure Investors IV (USD) SCSp                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $20032405.44  | 2.64%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EQT Infrastructure V (No.1) EUR SCSp                             | EQT Infrastructure V (No.1) EUR SCSp                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $20818600.78  | 2.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Buckeye Co-Invest II, LP                                         | Buckeye Co-Invest II, LP                                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $4487981.00   | 0.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Oak Hill Digital Opportunities Partners (TE 892), L.P.           | Oak Hill Digital Opportunities Partners (TE 892), L.P.           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $7006509.07   | 0.92%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GIP Pegasus Fund, L.P.                                           | GIP Pegasus Fund, L.P.                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $5594820.38   | 0.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Blue Road Capital PV II, L.P.                                    | Blue Road Capital PV II, L.P.                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $13153327.71  | 1.73%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Global Infrastructure Investors IV (USD) SCSp                | KKR Global Infrastructure Investors IV (USD) SCSp                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $10067932.00  | 1.33%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Daiwa ICP Infrastructure Investments 2 L.P.                      | Daiwa ICP Infrastructure Investments 2 L.P.                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | GB        |         1 | OU      | $5467225.87   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| InstarAGF Essential Infrastructure Fund LP                       | InstarAGF Essential Infrastructure Fund LP                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $2827583.02   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MML Keystone SCSp                                                | MML Keystone SCSp                                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $15698905.79  | 2.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| InfraVia European Fund III FPCI                                  | InfraVia European Fund III FPCI                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | FR        |         1 | OU      | $6277897.23   | 0.83%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ARDIAN Infrastructure Fund IV S.C.A., SICAR                      | ARDIAN Infrastructure Fund IV S.C.A., SICAR                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $4916114.88   | 0.65%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ARDIAN Infrastructure Fund V S.C.A., SICAR                       | ARDIAN Infrastructure Fund V S.C.A., SICAR                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $5242714.96   | 0.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Global Infrastructure Investors III EEA (EUR) SCSp           | KKR Global Infrastructure Investors III EEA (EUR) SCSp           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $5551137.82   | 0.73%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KKR Global Infrastructure Investors IV (EUR) SCSp                | KKR Global Infrastructure Investors IV (EUR) SCSp                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $10879165.96  | 1.43%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Macquarie European Infrastructure Fund 6 SCSp                    | Macquarie European Infrastructure Fund 6 SCSp                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $9187164.75   | 1.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pan-European Infrastructure II, S.C.S.                           | Pan-European Infrastructure II, S.C.S.                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $2994477.18   | 0.39%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pan-European Infrastructure III, SCSp                            | Pan-European Infrastructure III, SCSp                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $4868260.36   | 0.64%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NIC Battery Acquisition LP                                       | NIC Battery Acquisition LP                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $5228492.19   | 0.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EQT Infrastructure V (No.1) EUR SCSp                             | EQT Infrastructure V (No.1) EUR SCSp                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $11187172.71  | 1.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Strategic Value Spurs A, L.P.                                    | Strategic Value Spurs A, L.P.                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $9264575.47   | 1.22%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Global Energy & Power Infrastructure Fund II, L.P.               | Global Energy & Power Infrastructure Fund II, L.P.               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $1141407.37   | 0.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EQT Infrastructure IV (No.2) USD SCSp                            | EQT Infrastructure IV (No.2) USD SCSp                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $10288369.33  | 1.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Compass European Infrastructure SCSp                             | Compass European Infrastructure SCSp                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $6079761.29   | 0.80%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brookfield Infrastructure Fund IV (ER) SCSP                      | Brookfield Infrastructure Fund IV (ER) SCSP                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $4723710.37   | 0.62%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DIF Core Infrastructure Fund II SCSp                             | DIF Core Infrastructure Fund II SCSp                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $5696455.59   | 0.75%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DIF Infrastructure VI SCSp                                       | DIF Infrastructure VI SCSp                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $5360391.02   | 0.71%             |  |  |  | Yes           | N/A                | On Loan: No      |
| InfraVia European Fund IV FPCI                                   | InfraVia European Fund IV FPCI                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | FR        |         1 | OU      | $4754369.33   | 0.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| InfraVia European Fund V FPCI                                    | InfraVia European Fund V FPCI                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | FR        |         1 | OU      | $6743959.00   | 0.89%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Global Infrastructure Partners IV-C, L.P.                        | Global Infrastructure Partners IV-C, L.P.                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $13310459.36  | 1.75%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EQT Infrastructure V (No.1) EUR SCSp                             | EQT Infrastructure V (No.1) EUR SCSp                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $2125771.97   | 0.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Global Infrastructure Partners IV-C, L.P.                        | Global Infrastructure Partners IV-C, L.P.                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $35858961.45  | 4.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ERA Blade Continuation Fund Parallel LP                          | ERA Blade Continuation Fund Parallel LP                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         1 | OU      | $17485097.10  | 2.30%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MEIF 7 Earth Co-Invest SCSp                                      | MEIF 7 Earth Co-Invest SCSp                                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | LU        |         1 | OU      | $9744427.14   | 1.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Walker Aggregator LP                                             | Walker Aggregator LP                                             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | BM        |         1 | OU      | $13749749.88  | 1.81%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Northleaf WASH Co-Investment LP                                  | Northleaf WASH Co-Investment LP                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | CA        |         1 | OU      | $10000000.00  | 1.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Global Infrastructure Partners IV-C, L.P.                        | Global Infrastructure Partners IV-C, L.P.                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |         1 | OU      | $35458905.45  | 4.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Fidelity Investments Money Market Government Portfolio - Class I | Fidelity Investments Money Market Government Portfolio - Class I | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  82125371 | PA      | $82125370.68  | 10.81%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-15

**Name of Applicant:** StepStone Private Infrastructure Fund

**Signature:** /s/ Kimberly Zeitvogel

**Name of Signer:** Kimberly Zeitvogel

**Title:** Treasurer and Principal Financial Officer