StepStone Group Inc. announced the successful closing of StepStone Tactical Growth Fund IV (STGF IV), raising $705 million in capital commitments. This fund is the firm’s fourth dedicated to opportunities within the growth equity market.
STGF IV attracted strong participation from a diverse range of investor types, including sovereign wealth funds, public pensions, superannuation funds, funds-of-funds, family offices, and private wealth platforms. This broad investor base highlights the appeal of StepStone's growth equity strategy.
The fund partners with leading growth equity sponsors in the technology and healthcare sectors, focusing on founder-led businesses that exhibit rapid growth, strong margins, and capital efficiency. StepStone's Venture Capital and Growth Equity Team is highly active, deploying an average of $5.5 billion annually over the last three years across various investment types.
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