StepStone Group, a global private markets investment firm responsible for approximately $698 billion in total capital, including $65 billion in private debt, announced it received approval to launch a private debt–based European Long-Term Investment Fund (ELTIF).
“As part of our continued expansion into the European private wealth market, this milestone marks yet another chapter in our story of delivering private markets strategies to more investors with the mission of convenience, efficiency and transparency,” said Neil Menard, partner and president of distribution at StepStone Private Wealth. “With this approval in place, we will now be able to deliver institutional-grade investments better tailored to the dynamics of European wealth platforms.”
ELTIFs are designed to channel investments in Europe that support economic growth and job creation. StepStone plans to initially market ELTIFs in Italy, Spain, Germany, France and the Nordic and Benelux regions, foc
