StepStone Group related stories
All articles and analysis
TrueBridge hires Kate Sidebottom Simpson during fundraiseFirm brings on former Parish Capital Advisors Director Simpson as it markets its third fund of funds
ILPA’s Elio joins StepStoneMichael Elio is leaving the LP trade body to become partner at the StepStone Group.
- CloudFlare discloses it raised $50 mln in funding a year ago
CloudFlare, which offers cloud-based services to improve security and website performance, announced its 2013 report card, including how it quietly raised $50 million in Series C funding in December 2012. The funding came from Union Square Ventures and Greenspring Associates, with existing investors New Enterprise Associates, Pelion Venture Partners and Venrock also participating. The San Francisco-based company has now raised $77 million in total funding.
Exclusive: Hamilton Lane in talks to buy Paul CapitalPaul Capital has been up for sale amid a tepid response to marketing for its tenth fund, which has been targeting $2 billion.
- Exclusive: Hamilton Lane in talks to buy Paul Capital
Alternative asset manager Hamilton Lane is in talks to buy secondary firm Paul Capital Partners, three sources have told sister publication peHUB.
- FTV Capital leads growth investment in World First UK
World First UK Limited, which provides foreign exchange, international payment and hedging solutions, has closed a significant minority growth equity investment led by FTV Capital. The investment also includes Industry Ventures and StepStone Group. Founded in 2004, World First will use the investment to accelerate expansion plans.
- StepStone snaps up Greenpark Capital
The merger between Greenpark Capital and StepStone Group comes after the Marleen Groen-led firm struggled to raise its latest secondaries fund.
- Citi still selling
The sale of emerging markets-focused CVCI leaves Citi with an uncertain future in private equity.
- Parallax Capital Partners and StepStone Group buy IdenTrust
Private equity firms Parallax Capital Partners and StepStone Group said Wednesday that they have acquired a majority stake in IdenTrust. No financial terms were disclosed. Based in San Francisco, IdenTrust is a provider of security solutions for businesses.
- Funds of funds Special: Evolving to survive
Funds of funds found it even harder to raise capital last year, as cash-strapped investors baulked at the extra layer of fees and the extra degree of separation from the underlying assets. What can fund of funds managers do to stay relevant in a changing world? By Jeremy Hazlehurst