Secondary Investments

StepStone actively invests in attractive private markets investments through the secondary market. Our secondary investment strategy principally focuses on smaller transactions and, to a lesser degree, select larger transactions where favorable competitive dynamics exist or where we believe we have a distinct advantage. StepStone offers investors the flexibility to access the Firm’s secondary program through a managed account or a commingled vehicle.

The partners who manage StepStone’s secondary practice have sourced, analyzed, negotiated and closed over US$3 billion across 100 secondary transactions over the last 15 years.

Our investors continue to benefit from attractive risk-adjusted returns, which we attribute to our access to unusually broad sourcing capabilities, research-driven analysis, and our ability to purchase high quality assets at prices below their intrinsic value.

StepStone’s secondary investment program is managed by a team of three senior partners who specialize in secondary investments and who collectively possess 50 years of private markets experience. Having partnered together for more than a decade, our senior team draws upon extensive industry and seller networks, historical transactional perspectives, manager knowledge, and competitive and strategic insight.