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StepStone closes its inaugural commingled infrastructure fund at more than $1b
Fundraising - JANUARY 14, 2025

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StepStone closes its inaugural commingled infrastructure fund at more than $1b

by Kali Persall

StepStone Group has announced the final closing of its inaugural infrastructure co-investment fund, StepStone Infrastructure Co-Investment Partners 2022 (SICP), raising approximately $1.2 billion, with an additional $200 million raised in related separate accounts.

SICP, StepStone’s first commingled infrastructure fund, is significantly surpassing its target due to strong support from a diverse group of limited partners from around the globe. Through SICP, StepStone invests alongside leading global infrastructure sponsors in select transactions according to their expertise.

The fund pursues a mixture of core-plus and value-added opportunities and seeks to capitalize on major secular trends such as the energy transition, the growth of digital connectivity and AI.

“The close of SICP marks a significant milestone as we expand the solutions we offer our clients,” said James O’Leary, partner and head of StepStone infrastructure and real assets. “We would li

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