StepStone Group has held a final closing for StepStone Capital Partners Fund V (SCP V), its fifth dedicated co-investment fund, raising $2.36 billion of commitments.
“We are excited to announce the close of our latest co-investment vehicle, and grateful for the continued support of our limited partners,” said Lindsay Creedon, partner and co-head of co-investments at StepStone. “Based on current market conditions, rising interest rates, and valuations of private companies across industries, we believe this is an opportune time to invest in quality assets at attractive valuations.”
Through SCP V, StepStone seeks to build a diversified portfolio of co-investments alongside leading private equity firms, in select transactions according to their areas of expertise. The fund will invest in buyout, growth equity and recapitalization transactions across a diverse set of managers, geographies, industries, vintage years and sizes. A diverse group of sophisticated limited