StepStone’s mezzanine investment program offers investors the opportunity to generate attractive risk-adjusted returns, while providing investors with a stream of current income and potential for capital appreciation. Our offering consists of mezzanine debt and other current income or debt investments. Investors may access our mezzanine investment program through a managed account structure.
StepStone’s mezzanine investment program originated in early 2003, and since then the partners who manage StepStone's mezzanine practice have invested approximately US$750 million in 32 mezzanine transactions.
Our credit and underwriting experience is enhanced by our global private equity platform, which provides additional sourcing and information advantages to our mezzanine investment program. The Firm’s fund investment, secondary, and co-investment businesses create multiple touch points with general partners and increased market intelligence. We source direct mezzanine opportunities primarily with mid-market North American and European sponsors. This sponsor community is well-known to us through our extensive relationships with general partners and unparalleled research tracking approximately 3,000 small and middle market U.S. and European funds.