StepStone Group opened a new Madrid office on November 17, 2025, adding a ninth location in Europe. The office is headed by Guglielmo Russo Walti, the Iberian Regional Lead for Business Development and Client Relations, and will serve clients across Spain, Portugal and Andorra.
The Madrid hub strengthens StepStone’s ability to source and deploy private‑markets opportunities in Southern Europe. With 31 offices worldwide and $771 billion of total capital under management as of September 30, 2025, the new office positions the firm to deepen relationships with institutional investors and high‑net‑worth families in the Iberian region.
"The establishment of our Madrid office is a clear indication of our long‑term commitment to growth in Southern Europe," said David Jeffrey, Partner and Head of Europe. "We remain focused on expanding access to high‑quality, institutional‑grade global investment opportunities for all of our clients, and we're excited to deepen our presence in the Iberian market." Giada De Mattia, Partner and Head of Business Development in Southern Europe, added that the office will combine local market insight with StepStone’s global expertise to help clients seize opportunities in Spain, Portugal and beyond.
The move aligns with StepStone’s broader European expansion strategy, which includes the launch of a Private Debt‑based European Long‑Term Investment Fund targeting Italy, Spain, Germany, France and the Nordic and Benelux regions. It also supports the firm’s growing private‑wealth solutions, such as the StepStone Private Equity Strategies Fund, by providing a dedicated platform to serve Iberian investors.
By establishing a physical presence in Madrid, StepStone signals its commitment to growing its private‑wealth and institutional platforms in a key European market, potentially unlocking new client relationships and deal flow that support its broader growth strategy.
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