Investment Strategies

Fund Investments
Secondaries
Co-Investments
Fund Investments

Fund Investments

StepStone's fund investment program offers customized portfolio construction across all private markets through separately managed accounts and advisory relationships.

We have extensive experience working with pension funds, sovereign funds, endowments, foundations, and other institutions to design bespoke private markets programs—from launching new programs to enhancing established ones.

When designing a private markets program and seeking to optimize portfolio allocation, StepStone uses a research-focused investment process and sophisticated analytical techniques to help identify the managers whose strategies, resources and philosophies we believe can potentially outperform the market on a risk-adjusted basis. Sector specialization, which provides valuable domain expertise, and the information advantages provided by StepStone’s integrated private markets platform enhance this process further.

Secondaries

Secondaries

StepStone's secondaries program leverages the Firm's global platform to capitalize on market inefficiencies and target investments in the less efficient segments of the secondaries market.

Our reach and research-focused approach offer an information edge and facilitate our ability to purchase quality assets at attractive discounts.

We focus on smaller transactions and select larger transactions where favorable competitive dynamics exist or where we believe we have a distinct advantage. Investors can access the Firm's secondaries program through a separately managed account or specialized commingled vehicles.

Across all asset classes, StepStone’s secondary team has extensive transaction experience spanning multiple market cycles.

Co-Investments

Co-Investments

StepStone's co-investments program seeks to provide potential attractive risk-adjusted returns through balanced diversification and substantially lower fees and carry.

We leverage our vast network of GP relationships to source opportunities and to find what we believe to be the best deal flow. Many leading managers choose to partner with us because of our significant resources, our valuable expertise, our proven ability to respond quickly to opportunities while being able to satisfy demanding transaction requirements, and our reputation for excellence within the private markets community.

Our Investment Philosophy

Active Management
Active Management
Focus on risk-adjusted returns.
Shared Values
Shared Values
Entrust capital with managers we know and trust, and whose strategies befit the market.
Targeted Approach
Targeted Approach
Capitalize on specialization by favoring focused strategies—do not over diversify.
Common Goals
Common Goals
Pursue investments where GP and LP interests are aligned.
Rigorous
Rigorous
Use macro-, manager- and asset-level analysis to vet opportunities thoroughly.
Sustainability
Sustainability
Consider the environmental, social and governance merits of our investments.

Comprehensive Services & Solutions

Our experienced team delivers access to a range of services
that can be tailored to each client's processes & objectives

Customized Solutions