StepStone Group LP

StepStone Group LP

StepStone Group LP

Overview
Date Founded

2006

Headquarters

4350 La Jolla Village Drive,Suite 800,San Diego, CA 92122

Type of Company

Private

Employees (Worldwide)

270

Industries

Private Equity & Venture Capital
Holding Companies
IT Consulting & Services
Consumer Finance
Accounting & Financial Services
Investment Services & Portfolio Management

Company Description

StepStone Group builds private equity portfolios through a combination of fund investments, co-investments and secondary purchases. When designing private equity programs and optimizing portfolio exposure, the firm employs a proprietary, institutional investment approach that seeks to maximize risk-adjusted returns. Their approach includes program design, portfolio construction, portfolio analytics and monitoring and reporting.StepStone's investment approach focuses on utilizing proprietary research to identify strategies and geographies that will outperform in the future and on selecting the top-performing fund managers, co-investment and secondary opportunities in these areas. The firm utilizes proprietary research to identify the segments of the private equity market they believe will outperform over the next fund cycle (4 to 6 years). StepStone then uses this research to over allocate and/or under allocate assets to specific strategies and geographies within an overall framework of a diversified portfolio. They refer to this process as 'Targeted Diversification.' StepStone seeks to avoid index-based returns and the costs of over diversification. This allocation strategy provides the framework for the firm's selection of specific fund investments, secondary purchases and co-investments.

Contact Data
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Executives & Employees

Founding Partner

Co-Founder

Co-Founder

Co-Chief Executive Officer

President & Co-Chief Operating Officer

Partner

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StepStone Group LP
Recent Transactions
Details Hidden

Advent International Corp., HarbourVest Partners LLC, Hellman & Friedman LLC, Bain Capital Private Equity LP, GIC Special Investments Pte Ltd., StepStone Group LP, Fisher Lynch Capital LLC, Nets A/S purchase Centrum Rozliczen Elektronicznych Polskie ePlatnosci SA from Innova Capital Sp zoo

Details Hidden

StepStone Group LP raised money in a private placement transaction

Details Hidden

Zhejiang Ant Financial Services Group Co., Ltd., Ant Technology Group Co. Ltd. purchase World First UK Ltd. from Financial Technology Ventures Management Co. LLC, Industry Ventures LLC, StepStone Group LP

Transaction Clients
Lender

Advised on NeuLion, Inc. purchases DivX LLC from PCF 1 LLC

Transaction Advisors
Legal Advisor

Advised onStepStone Group LP, StepStone Group Holdings LLC purchase Swiss Capital Alternative Investments AG from Swiss Capital Group AG

Advisors & Consultants
Auditor

PricewaterhouseCoopers LLC provides assurance, tax and advisory services. Its services include audit and assurance, consulting, deals, human resources, legal, tax, and family business. The firm also offers accountability, risk management, structuring, mergers and acquisitions, and performance and process improvement. The company was founded in 1998 and is headquartered in Buffalo, NY.

Custodian

Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Private Bank is a division of Silicon Valley Bank. SVB Financial Group is also a member of the Federal Reserve System.

Auditor

Ernst & Young LLP engages in the provision of assurance, tax, transactions, and advisory services. It offers audit, business risk, technology, security risk, and human capital services. The company was founded by Arthur Young and Alwin C. Ernst in 1989 and is headquartered in New York, NY.

Legal Advisor

Partner at Fried, Frank, Harris, Shriver & Jacobson LLP

Legal Advisor

Partner at White & Case LLP

Publicist

Managing Director at Lambert Edwards & Associates, Inc.

Clients

University of Wisconsin Foundation is the official fundraising and gift-receiving organization for the University of Wisconsin-Madison and other donor-designated units of the UW System.

Non-Profit Donations & Grants
Investments
Details Hidden

Milhaus Development LLC provides real estate investment, development, brokerage and consulting services. The firm delivers solutions for malls, downtowns, neighborhoods, and cities by working with commercial developers, cities, and non-profits to provide mixed-use and multi-family endeavors. It offers property inspection, conceptual planning, managing of sales agents and brokerage firms, and supervising of construction, engineering, and architectural trade services. The company was founded by Tadd M. Miller, Andrew Lahr, Greg Martin and David Leazenby in December 2009 and is headquartered in Indianapolis, IN.

Details Hidden

A Place for Rover, Inc. operates an online marketplace that connects dog owners with local dog sitters in cities across the United States. Its services include dog boarding, house sitting, drop-in-visits, doggy day care, and dog walking. The company was founded by Greg Gottesman and Philip Kimmey in 2011 and is headquartered in Olympia, WA.

Details Hidden

Invoca, Inc. provides call performance marketing solutions. Its products include call intelligence suite, integration partners and cloud infrastructure. The firm offers solutions to agencies, consumers, business-to-business, search and performance marketers. Invoca was founded by Colin D. Kelley and Jason S. Spievak in 2008 and is headquartered in Santa Barbara, CA.

Investors
Details Hidden

Argonaut Private Equity seeks investment opportunities in companies located in the US. The firm target companies operating in the fields of energy services, manufacturing and industrials. It provides financing for growth capital requirements and takes seat on the board of directors.

Suppliers
SF Urban Properties AG Real Estate | Zurich, Che

SF Urban Properties AG engages in the acquisition, development, and management of real estate properties. Its investment portfolio includes commercial, residential, and development properties. The company was founded on in 2007 and is headquartered in Zurich, Switzerland.

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