StepStone Private Wealth Solutions (SPWS), the private wealth arm of StepStone Group, announced it has achieved $10.2 billion in assets under management (AUM) as of July 31, 2025. This milestone represents a doubling of AUM from $5 billion in under one year.
This rapid growth underscores a broader trend of increased allocations to private market assets by investors, particularly through evergreen, semi-liquid structures. SPWS has attracted investments from a diverse range of clients, including private banks, wealth managers, and family offices.
Key drivers of this momentum include growing engagement from RIAs and strategic partnerships with leading financial intermediaries. SPWS offers diverse product offerings across private equity, venture capital, private debt, and infrastructure, leveraging StepStone's proprietary intelligence platform and extensive sponsor relationships.
To further support its growth, StepStone has lowered investment minimums and eliminated accredited investor status for several of its US wealth products. The firm is also expanding StepStone Academy, its education platform for financial professionals, to offer on-demand continuing education credits, providing extensive resources for advisors.
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