StepStone Private Wealth has launched StepStone Private Infrastructure Fund, an evergreen interval fund that can be purchased on a daily basis. STRUCTURE has begun accepting subscriptions and expects to hold its initial closing in the third quarter 2023.
STRUCTURE offers individual accredited investors and smaller institutions diversified exposure to an open-architecture portfolio of private infrastructure assets in a single investment. STRUCTURE seeks to make investments in assets that provide essential services to society such as transportation assets (toll roads, airports and mass transit), power (energy storage, transmission and distribution, and renewables) and data (data centers, cell towers and fiber optics). STRUCTURE will invest via secondary purchases of individual operating companies and fund interests, direct co-investments, and modest commitments to new funds.
“In recent years, institutional investors have dramatically increased allocations to private in