StepStone Group

The StepStone Group
Private Ownership
Industry Private Equity
Founded 2006
Number of locations
 15 offices in 11 countries
Services Asset Management, Advisory Services, Monitoring & Reporting, Research
Total assets US$130 billion[1]
Number of employees
 300+ (2017)
Website http://www.stepstoneglobal.com/

StepStone Group LP (StepStone) is a global private markets firm providing customized investment, portfolio monitoring and advisory solutions to some of the most sophisticated investors. StepStone covers the spectrum of opportunities in private markets; integrating primary fund investments, secondary fund investments and co-investments across private equity, real estate, infrastructure and real assets, and private debt. StepStone specializes in creating customized solutions according to the objectives of any private markets investment program.

History

StepStone was founded in 2006 and is based in La Jolla, California and New York, New York. The founders, Monte Brem and Thomas Keck had previously made private equity investments for Pacific Corporate Group, as President and Managing Director, respectively.[2][3] From its first office in La Jolla, the firm has expanded to New York City, San Francisco, Toronto, Dublin, London, Luxembourg, Zurich, Beijing, Hong Kong, Seoul, Tokyo, Sao Paulo, Sydney, and Perth. The firm oversees over US$130 billion of private capital allocations, including over US$34 billion of assets under management.

In March 2015, it was published that StepStone would move its Manhattan headquarters to the former offices of Bernard L. Madoff Investment Securities, and the site of where company head Bernard Madoff operated his $65 billion Ponzi scheme.

Investments

StepStone typically invests between $15 million and $200 million in firms with enterprise value between $150 million and $2.5 billion.[4]

References

  1. ↑ AUM / AUA since inception in 2006
  2. ↑
  3. ↑
  4. ↑
  • (official website)
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