StepStone Group raises $2.1bn

The California-based firm closes its fourth secondaries fund above its target.

  • Fund name: StepStone Secondary Opportunities Fund IV
  • Amount raised: $2.10 billion
  • Target size: $1.25 billion
  • Stage of fundraising: Final close
  • Final close date: March 2020

StepStone Group held a final closing of StepStone Secondary Opportunities Fund IV at $2.10 billion, exceeding its $1.25 billion target. Capital raised by the vehicle will be used to invest in the U.S. private equity secondaries market across diversified sectors.