Bluestem Capital

Private Equity Exempt reporting adviser

Legal name: Bluestem Capital Company, LLC

Sioux Falls, SD Website

AUM

$121.7M
Private fund assets

Private funds

17
Private Equity 17

Private fund assets

$121.7M
Gross asset value

Employees

—

Last Form D raise

Mar 2025
Most recent fund filing

From SEC Form ADV filing (filed Mar 25, 2026). View on SEC

People(4)

Owners and executive officers named on the firm's SEC Form ADV.

N
Nikole Mulder
Member, Vice President
Source: SEC Form ADV
S
Sandy Horst
Member, Chief Financial Officer, Secretary, Treasurer, Chief Compliance Officer
Source: SEC Form ADV
S
Steve Kirby
Manager, President
Source: SEC Form ADV
T
Tyler Stowater
Member, Vice President
Source: SEC Form ADV

Funds(17)

Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.

FundTypeGross assetsRaised (Form D)InvestorsLast Form DRecency
Bluestem Special Purpose Fund III Qp, LLCPrivate Equity$10.1M——Mar 2025Cool
Bluestem Special Purpose Fund III, LLCPrivate Equity$11.6M——Mar 2025Cool
Bluestem Investment Fund 2022, LLC D/B/A Bluestem Special Purpose Fund IIPrivate Equity$10.5M——Apr 2023Cold
Bluestem Special Purpose Fund, LLCPrivate Equity$7.7M$545K3May 2022Cold
Bluestem Vic II, LLCPrivate Equity$9.7M$650K5Oct 2021Cold
Bluestem Investment Fund 2020, LLCPrivate Equity$8.2M——Sep 2020Cold
Bluestem Investment Fund 2020 Qp, LLCPrivate Equity$8.0M——Sep 2020Cold
Bluestem Vic, LLCPrivate Equity$8.4M$12.1M60Aug 2019Cold
Bluestem Investment Fund 2018, LLCPrivate Equity$3.7M——Oct 2018Cold
Bluestem Investment Fund 2018 Qp, LLCPrivate Equity$2.4M——Oct 2018Cold
Bluestem Investment Fund 2017, LLCPrivate Equity$6.4M——May 2017Cold
Bluestem Investment Fund 2016, LLCPrivate Equity$12.5M——Feb 2016Cold
Bluestem Investment Fund 2015, LLCPrivate Equity$7.0M——Nov 2014Cold
Bluestem Capital Appreciation Fund, LLCPrivate Equity$6.2M———
Bluestem Diversified Assets, LLCPrivate Equity$4.4M———

Board seats(8)

Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.

VIRTUAL INCISION
BiotechnologyLincoln, NEDirector: Steve Kirby
$99.0M raised
Since Jul 2015
SEC Form D
VIRTUAL INCISION
BiotechnologyLincoln, NEDirector: Sandy Horst
$99.0M raised
Since Dec 2017
SEC Form D
IntelliFlux Controls
Other TechnologyNewport Beach, CADirector: Steve Kirby
$5.6M raised
Since Jul 2018
SEC Form D
Valley Queen Cheese Factory
OtherMilbank, SDDirector: Steve Kirby
$1.5M raised
Since Jan 2019
SEC Form D
PolyCera
Other TechnologyLos Angeles, CADirector: Steve Kirby
$7.2M raised
Since Apr 2018
SEC Form D
MembranePRO Services
Other TechnologyLos Angeles, CADirector: Sandy Horst
$2.1M raised
Since Feb 2018
SEC Form D
CommunityCo
OtherBoston, MADirector: Tyler Stowater
$2.0M raised
Since Aug 2016
SEC Form D
POET Grain
Other EnergySioux Falls, SDDirector: Tyler Stowater
$141.3M raised
Since Jun 2014
SEC Form D

Regulatory identifiers

CRD number
158461
SEC file number
802-126795
CIK
1573563

Sources