StepStone Group Inc. announced the final close of StepStone Secondary Opportunities Fund V, L.P. (SSOF V) and related separate accounts, securing $7.4 billion in total capital commitments. This successful fundraising effort underscores robust investor demand for private equity secondaries and StepStone's capabilities in this market segment.
The flagship fund, SSOF V, alone garnered $4.8 billion in capital commitments, which represents more than double the size of its predecessor fund. This significant increase in fund size highlights the firm's growing influence and ability to attract substantial institutional capital.
As of the closing, SSOF V is already over 50% committed to new investments, indicating active deployment of capital. This strong commitment rate suggests a healthy pipeline of opportunities and efficient capital allocation within the private equity secondaries market, which is expected to drive future fee-related earnings for StepStone.
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