StepStone Closes Secondary Fund at $450M

StepStone Group, LP held the final close of its secondary private equity fund, StepStone Secondary Opportunities Fund II, LP, at $450m.

The fund, which exceeded its original target of $350m, was backed by limited partners including U.S. and international public and corporate pension funds, insurance companies, endowments and foundations, family offices, and financial service and advisory firms.

Led by Tom Bradley, the Fund focuses on the smaller end of the secondaries market.

With global offices in New York, London, Beijing, and San Diego, StepStone is a private equity firm that creates customized and targeted portfolios using a disciplined research-focused approach that integrates fund, secondary, mezzanine and co-investments.



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