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Fund Investments | Co-Investments | Secondary Investments

Co-Investments

StepStone's fund investment business seeks and supports the most talented General Partners in all parts of the private equity industry. StepStone's co-investment activities focus on constructing portfolios of carefully selected co-investments alongside these GPs. StepStone’s co-investment portfolios are designed to complement and enhance our fund investment portfolios, and are typically customized to address the specific priorities of our clients. Over time we have been able to demonstrate that:
  • Co-investments can significantly reduce the fee burden of private equity investing without eroding manager quality;
  • Coordinating fund investment activity and co-investment activity improves deal flow and due diligence in both areas;
  • Decades of experience as successful co-investors supports our investment process and drives top-quartile performance;
  • StepStone delivers significant resources and valuable expertise without conflicts or complexity. We do not accept fees from GPs and we avoid any lending, advisory or other activity that could create conflicts of interest.
Leading general partners choose to team up with StepStone on co-investments because:
  • We have demonstrated repeatedly our ability to swiftly respond to demanding transaction requirements; and
  • StepStone’s LP profile and multi-billion dollar annual fund deployment pace reinforces the value of a strong, long-term relationship with StepStone and with our clients.
StepStone's co-investment process combines informed direct investment analysis with proprietary fund-based data, experience and analysis. Our professionals have decades of direct investment experience and this expertise allows us to mitigate transaction and portfolio risk while remaining agile in an unpredictable economic environment.

StepStone generally seeks private equity co-investments of between $10 million and $200 million in established businesses alongside proven investors.