Step Stone Group’s portfolio of evergreen products is strongly tilted toward secondary investments, with four cornerstone funds that consistently deliver stable returns. The firm’s strategy focuses on acquiring established positions in private equity and credit, allowing it to capture value in both primary and secondary markets.

On the latest earnings call, executives announced that the net asset value (NAV) of the private wealth funds has more than doubled over the past year. They emphasized that there is no identified limit to further expansion, citing robust demand and a growing pipeline of high‑quality assets.

As a result, private wealth assets surpassed $21 billion in the quarter, marking a new milestone for the platform. This growth reflects the firm’s disciplined sourcing, rigorous due diligence, and its ability to deploy capital efficiently across diverse secondary opportunities.

The platform also reported that it generated $2.8 billion in fees during the quarter, underscoring the strength of its secondary‑focused strategies. Investors remain confident in Step Stone Group’s ability to deliver consistent performance through a well‑diversified, evergreen investment portfolio.