StepStone Group has successfully closed a $11 billion fundraising target for its secondaries funds, backed by a diverse cohort of secondary investment vehicles. The capital raised will be deployed across new vintages, reflecting robust demand in the private secondary market. Multiple secondaries funds participated in the round, underscoring StepStone's prominent position and the growing investor appetite for secondary assets.
The firm plans to utilize the capital to expand its secondaries platform and offer investors continued access to pre-IPO and secondary market opportunities. This fundraising success highlights the resilience and expansion of the secondaries asset class amidst broader market dynamics.
Source: Secondaries Investor · Summarized by HeadlinesBriefing