Stepstone Group Completes Acquisition Of Greenspring Associates
09/20/21, 8:06 PM
Industry
professional services
StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced that it has completed its previously announced acquisition of Greenspring Associates, a leading venture capital and growth equity platform. The transaction adds $9.5 billion of fee-earning assets under management and $18.9 billion of assets under management, as of June 30, 2021.
Company Info
Company info
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of June 30, 2021, StepStone oversaw $484 billion of private markets allocations, including $109 billion of assets under management, measured on a combined basis with Greenspring Associates. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.