StepStone Group, one of the world’s largest private infrastructure investors, has made a significant investment in Sidewalk Infrastructure Partners (SIP).
SIP said Stepstone’s investment, on behalf of several of the world’s largest institutional investors, will help the company scale its goal of harnessing technology to future-proof infrastructure and make it more sustainable, resilient and equitable.
StepStone joins technology company Alphabet and the Ontario Teachers’ Pension Plan in backing SIP.
“We’re humbled by StepStone’s vote of confidence: They have broad exposure to privately financed infrastructure projects across the world, which informs their confidence in SIP, our mission, and our innovative approach,” said SIP in a statement. “Critically, StepStone’s investment will help propel the next wave of our work. We’re going to build on the platforms we’ve already launched, and we’ll expand into new categories of infrastructure wit