StepStone Group has held a final close for its StepStone Secondary Opportunities Fund V, LP (SSOF V) and related separate accounts (together, Fund V) with $7.4 billion of capital commitments.
With $4.8 billion of aggregate capital commitments, SSOF V more than doubled in size relative to its predecessor fund.
The firm’s secondaries strategy leverages StepStone’s broader platform to utilize its sponsor relationships, differentiated data, and information access to create opportunities that may generate strong risk-adjusted returns. Since inception, StepStone has deployed more than $14 billion into more than 210 private equity secondaries transactions, focusing on a balanced mix of LP-led and GP-led opportunities.
SSOF V is more than 50 percent committed to investments and will continue to focus on the less-efficient segments of the secondaries market, where StepStone believes its relationships and information advantages present key differentiators in isolating