StepStone Private Wealth (SPW) announced it has surpassed $5 billion in global assets under management (AUM) as of September 30, 2024. This achievement positions SPW as one of the fastest-growing private market asset managers catering to financial professionals and their high-net-worth clients.
The rapid growth of SPW, founded in 2019, is attributed to its mission of simplifying access to private markets for individual investors. The platform leverages StepStone Group's institutional expertise to offer curated portfolios across various private market asset classes.
A significant contributor to this milestone is the StepStone Private Markets Fund (SPRIM), its first retail-focused evergreen fund launched in 2020. SPRIM alone accounted for $3.1 billion of the total AUM as of September 30, 2024, demonstrating strong investor adoption for its multi-asset class private markets offering.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.