StepStone Private Wealth Launches $750M StepStone Private Equity Strategies Fund

StepStone Group, a global private markets investment firm, announced the official launch of StepStone Private Equity Strategies Fund, or STPEX, an evergreen interval fund that invests in private equity assets. With a goal of long-term appreciation, the fund launched in September, raising more than $750 million to date. It is now available through the registered investment adviser and broker-dealer channels, various wealth management platforms, and mutual fund platforms via a ticker.

“We are grateful for the strong engagement and support from this initial cohort of STPEX investors and look forward to welcoming more,” said Scott Hart, chief executive officer of StepStone Group and leader of the firm’s global private equity activities. “As we continue to scale the fund and deploy more capital, we remain focused on making investments of the highest quality as we receive inflows from investors. Similar to our other evergreen products, STPEX has access to StepStone’s highly sophisticated deal sourcing engine while the investment team seeks to construct a portfolio that is diversified by industry, manager, and vintage.”

According to the firm, the fund offers individual investors, financial advisers and institutions exposure to a portfolio of diversified private market investments across buyout and growth equity mainly through secondary purchases and co-investments.

“Consistent with StepStone’s history and approach to private wealth, we launched STPEX after listening carefully to our partners’ feedback and creating a solution seeking to match their objectives,” said Bob Long, CEO of StepStone Private Wealth Solutions. “In this case, our partners in the wealth management channel sought to access a private equity-focused strategy through an evergreen structure – with low minimums and daily valuation. We believe that we have delivered that with STPEX, bolstering our track record of industry innovation and expanding access to a broader group of investors.”

STPEX’s capital is being invested alongside StepStone’s institutional clients by the firm’s global private equity team of more than 190 investment professionals, which was responsible for $389 billion of capital as of Sept. 30, 2025.

As an evergreen fund, STPEX raises capital daily while providing a level of liquidity through semi-annual redemptions which are currently expected to be up to 5% of the fund’s net asset value. STPEX is available to investors in the United States with a minimum investment of $5,000 through a range of share classes.

This new solution, according to the company, complements the existing suite of offerings across StepStone Private Wealth Solutions platform, including StepStone Private Markets, a core private markets fund; StepStone Private Venture and Growth Fund, focused on venture capital; StepStone Private Infrastructure Fund, focused on infrastructure; and StepStone Private Credit Income Fund, focused on credit.

Previously reported by AltsWire, StepStone Private Wealth hiring of senior-level executives in marketing and RIA relationship management to support its continued growth. Berta Aldrich was appointed managing director, marketing and global head of private wealth marketing, and David Robbins was named director of enterprise RIA relationship management.

StepStone Group Inc. is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of Sept. 30, 2025, StepStone was responsible for approximately $771 billion of total capital, including $209 billion of assets under management.

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