StepStone Group closes third tactical growth fund

The New-York based investment firm announced the final close of its third tactical fund on $690m.

Fund: StepStone Tactical Growth Fund III
Amount raised: $690 million
Stage of fundraisingFinal close
Predecessor fund: StepStone Tactical Growth Fund II ($65.6 million)

Stepstone Group has announced a final close on its third tactical fund, Stepstone Tactical Growth Fund III, with commitments totalling more than $690 million. The investment firm has far surpassed its predecessor fund StepStone Tactical Growth Fund II, which raised $65.6 million in 2018.

Commitments to the fund will provide exposure to leading VC and growth equity-backed companies. They will also manage volatility, reducing fees and accelerating time to liquidity through innovative portfolio construction.